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. Â
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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