CBUAE

Unnamed entity

CBUAE fined an unauthorised individual AED 600,000 and prohibited him from future financial institution functions for breaches of AML/CFT and CBUAE laws.

Date

2021-01-31

Entity type

exchange

Action type

Multiple

Fine (as written)

AED 600,000

Fine (normalised AED)

600,000

Personal fine

Yes

Regulations breached

AML/CFT Law No. 20 of 2018 (Art. 14) and CBUAE Law No. 14 of 2018 (Art. 137 - unauthorised function)

Scraped at

2026-07-04T23:11:55.049849+00:00

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