The Central Bank of the UAE imposed a financial sanction of 3,000,000 on a bank after examinations identified failures to comply with Central Bank instructions related to anti-money laundering and combating the financing of terrorism and illegal organisations. The sanction was issued pursuant to Article 14 of Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations (as amended) and Article 137 of Decretal Federal Law No. (14) of 2018 Regarding the Central Bank and Organisation of Financial Institutions and Activities (as amended).
Central Bank of the UAE 2025-07-10
Central Bank of the UAE fines a bank 3 million for failing to comply with AML/CFT instructions
The Central Bank of the UAE imposed a financial sanction of 3,000,000 AED on a bank for non-compliance with anti-money laundering and counter-terrorism financing regulations. The penalty was issued under Article 14 of Federal Decree Law No. (20) of 2018 and Article 137 of Decretal Federal Law No. (14) of 2018.