UAE central bank imposes over Dh18 million fine against 2 foreign bank branches
The Central Bank of the UAE (CBUAE) has levied substantial penalties against two branches of foreign banks operating within the country for violations related to anti-money laundering (AML) regulations. The collective fine of AED 18.1 million includes AED 10.6 million imposed on the first bank and AED 7.5 million on the second. These sanctions followed […]