UAE fines exchange house DH 1.92M (€497K) for ‘weak’ compliance framework and AML shortcomings

uae-fines-exchange-house-dh-1.92m-(e497k)-for-‘weak’-compliance-framework-and-aml-shortcomings


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.

Ufficio Stampa

0 comments on “UAE fines exchange house DH 1.92M (€497K) for ‘weak’ compliance framework and AML shortcomings

Leave a Reply

%d blogger hanno fatto clic su Mi Piace per questo: