UAE central bank levies Dh200 million bank penalty

Arabian Post Staff -Dubai The Central Bank of the UAE has fined an unidentified foreign bank branch Dh200 million after examinations uncovered significant and repeated failures in anti-money laundering, governance, compliance and sanctions controls. The regulator announced the penalty on Friday, 30 October, alongside separate fines against two senior executives and an order requiring the foreign…

thearabianpost.com ·3h ago

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UAE central bank levies Dh200 million bank penalty

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