The Central Bank of the EAU (CBUAE) imposed a financial sanction on a bank that operates in the EAU, in accordance with article (14) of the Federal Decree, Law No. (20) of 2018 on money laundering and the combination of terrorism financing and illegal organizations and their amendments, and their amendments.
The financial sanction has been imposed after evaluating the findings of an examination carried out by the CBUAE, which the bank did not comply with money laundering and the combination of terrorism financing and the policies and procedures of illegal organizations.
The CBUAE, through its supervision and regulatory mandates, works to ensure that all banks and their staff comply with the laws, regulations and standards adopted by the CBUAE to safeguard the transparency and integrity of the banking of the bank of the bank of the bank of the bank of the bank of the bank and the bank of the bank.
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