CBUAE - Central Bank of the UAE

The United Arab Emirates’ central bank imposed financial sanctions on 11 banks operating in the country for their failure to reach appropriate levels of compliance on anti-money laundering and sanctions. The sanctions imposed on January 24 amounted to a total of AED45.76 million ($12.5m), the regulator said in a statement. It didn’t identify the banks.


Published on Jan. 24th, 2021 Published on Jan. 24th, 2021
Scenario: Conduct / Breach of AML, Terrorism Financing or Sanctions Regulations

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