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CBUAE

Unnamed entity

CBUAE fined an exchange house AED 1,925,000 for AML/CFT compliance failures, including a weak framework and failing to obtain no-objection letters for business relationships.
Date
2022-12-07
Entity type
exchange
Action type
Fine
Fine (as written)
AED1,925,000
Fine (normalised AED)
1,925,000
Personal fine
No
Regulations breached
AML/CFT Law, CBUAE Law, weak compliance framework, failure to obtain CBUAE no-objection letters
Scraped at
2026-07-04T23:10:42.309215+00:00
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