Unnamed entity

The CBUAE fined an exchange house AED 504,000 for a weak AML/CFT compliance framework and poor compliance history.

Date

2021-01-28

Entity type

exchange

Action type

Fine

Fine (as written)

AED 504,000

Fine (normalised AED)

504,000

Personal fine

Regulations breached

AML/CFT breaches under Federal Decree Law No. (20) of 2018

Scraped at

2026-07-04T23:11:58.590237+00:00