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CBUAE
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Unnamed entity
CBUAE imposed a financial sanction of AED 496,000 on an exchange house for a weak compliance framework to prevent money laundering and financing of terrorism.
Date
2021-04-18
Entity type
exchange
Action type
Fine
Fine (as written)
AED 496,000
Fine (normalised AED)
496,000
Personal fine
No
Regulations breached
Article 14 of Federal Decree-law No. (20) of 2018 on Anti-Money Laundering and CTF
Scraped at
2026-07-04T23:11:48.893725+00:00