UAE, 29 May, 2025 : The Central Bank of the UAE (CBUAE) has imposed financial penalties totaling AED 18.1 million on two UAE branches of foreign banks for breaches of anti-money laundering regulations. The first branch was fined AED 10.6 million, while the second received a penalty of AED 7.5 million.
The sanctions follow CBUAE examinations that revealed non-compliance with Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism.
The CBUAE reiterated its commitment to enforcing regulatory standards and ensuring the integrity of the UAE’s financial system.
Source : www.centralbank.ae
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