Eleven banks fined as UAE signals tougher action on FATF recommendations and a focus on TBML
Eleven banks operating in the UAE have been fined a total of 45.8 million UAE dirham (AED 45.8 million – US$12.5 million) for violations of anti-money laundering and counter financing of terrorism (AML/CFT) regulations by the Central Bank of the UAE amidst a flurry of…
