ADGM

Pyypl Ltd

Pyypl Ltd was fined US$486,000 by the FSRA for failing to maintain adequate AML policies and for carrying on unlicensed insurance intermediation.

Date

2023-09-27

Entity type

fintech

Action type

Fine

Fine (as written)

US$486,000

Fine (normalised AED)

1,783,620

Personal fine

Regulations breached

AML Rules, Federal AML Legislation, and section 17(1) of FSMR 2015 for unlicensed activity

Scraped at

2026-07-04T14:15:41.210734+00:00