It has been asked to remediate the violations as well as rectify issues related to the composition of the board of directors
by Waheed Abbas
Published: Thu 2 Feb 2023, 3:05 PM Last updated: Thu 2 Feb 2023, 3:08 PM
The Central Bank of the UAE (CBUAE) has imposed penalty on a financial company for weak compliance culture as well as for violating laws of anti-money laundering and combating the financing of terrorism (AML/CFT) and illegal organisations.
The regulator fined Dh1.8 million to the company and asked it to remediate the violations as well as rectify issues related to the composition of the board of directors.
Link to the full article here.
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