AML/CFT Compliance Alert: Company Fined AED 1.2 Million for Non-Compliance

in #moneylaunderingcrimes • 3 months ago

In a significant development aligning with Federal Decree-Law No.20/2018 on Combating Money Laundering Crimes, the Financing of Terrorism, and the Financing of Unlawful Organizations, the Central Bank of the UAE (CBUAE) has taken action against a notable breach of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations. Read the entire article to know more: https://www.professionallawyer.me/legal-articles/criminal-law/non-compliance-in-aml-cft-rules-company-fined-for-aed-one-point-two-million
Dr. Hassan Elhais .jpg

#criminallaw #penalties #uaelaw
3 months ago in #moneylaunderingcrimes by
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