UAE, 25 November, 2024 : The Central Bank of the UAE (CBUAE) has suspended the currency exchange system of Al Razouki Exchange for three years and closed its branches in Deira and Al Murar.
The decision follows Article 14 of the UAE’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Law. The CBUAE emphasized its commitment to ensuring all exchange houses comply with UAE regulations to maintain the integrity and transparency of the financial system.
Source : www.centralbank.ae
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