CBUAE Sanctions Foreign Bank Branch with AED5.9 Million Fine
Abu dhabi: The Central Bank of the UAE (CBUAE) has imposed a financial sanction of AED5,900,000 on a branch of a foreign bank operating within the UAE. This action is pursuant to Article (14) of the Federal Decree Law No. (20) of 2018, which pertains to Anti-Money Laundering and Combating the Financing of Terrorism and … Read more