UAE bank faces hefty fine for breaching anti-money laundering rules
The penalty follows inspections that revealed violations of federal laws aimed at combating money laundering, terrorism financing, and the funding of illegal organisations.
The name of the bank involved has not been disclosed.
Authorities say the action is part of ongoing efforts to ensure all financial institutions operate transparently and in line with UAE laws and Central Bank standards.
The #CentralBankUAE imposed a financial sanction on a bank of AED3,000,000, 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 and its amendments, and Article…
— Central Bank of the UAE (@centralbankuae) July 10, 2025
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