By Alisha Houlihan for AMLi
The United Arab Emirates (UAE) has penalised an exchange house DH1.92M (€497K) for failing to comply with compliance regulations.
The Central Bank of the UAE (CBUAE) imposed the fine on the exchange house for violations of the law on anti-money laundering (AML) and terrorism financing, according to The National News.
This content is for members only. Visit the site and log in/register to read.
The post UAE fines exchange house DH 1.92M (€497K) for ‘weak’ compliance framework and AML shortcomings appeared first on AML Intelligence.
0 comments on “UAE fines exchange house DH 1.92M (€497K) for ‘weak’ compliance framework and AML shortcomings”