CBUAE imposes financial sanction on a bank operating in UAE
ABU DHABI, 2nd August, 2024 (WAM) -- The Central Bank of the UAE (CBUAE) imposed a financial sanction on a bank operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations.
The financial sanction is the result of the findings of an examination conducted by the CBUAE, which revealed