Regulation, Risk & Compliance
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UAE Central Bank imposes Dh18m fines on two foreign bank branches
The Central Bank of the UAE has imposed a total of Dh18.1 million in financial penalties on two UAE branches of foreign banks for violations related to anti-money laundering (AML) and counter-terrorism financing regulations. The first bank was fined Dh10.6 million, while the second was issued a penalty of Dh7.5…
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Click here to read the full story: Gulf News