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CBUAE
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Unnamed entity
CBUAE imposed a AED 4,800,000 fine on an unnamed exchange house for a weak AML/CFT compliance framework, particularly in risk analysis and due diligence.
Date
2023-08-10
Entity type
exchange
Action type
Fine
Fine (as written)
AED 4,800,000
Fine (normalised AED)
4,800,000
Personal fine
No
Regulations breached
AML/CFT Law (Federal Decree Law No. 20 of 2018) & CBUAE Law (Federal Law No. 14 of 2018)
Scraped at
2026-07-04T23:10:18.35988+00:00