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Non-Compliance in AML/CFT Rules: Company Fined for AED 1.2 Million

In a significant development aligning with Federal Decree-Law No.20/2018 on Combating Money Laundering Crimes, the Financing of Terrorism, and the Financing of Unlawful Organizations, the Central Bank of the UAE (CBUAE) has taken action against a notable breach of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations... Watch it now.


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