Fraud & Ethics
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UAE fines foreign bank Dhs5m for money laundering breaches
The UAE central bank said on Monday it fined a foreign bank operating in the country $1.4m (Dhs5m) for failing to sufficiently address money laundering and financing of terrorism and other related deficiencies. The “financial sanction on a bank” was imposed in accordance with specific provisions outlined in the Federal…
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Click here to read the full story: Gulf Business