The UAE’s Ministry of Economy will start penalising some of the businesses that have failed to register with the anti-money laundering system following the end of the extended grace period on Friday. Pawan Singh / The National
The UAE’s Ministry of Economy will start penalising some of the businesses that have failed to register with the anti-money laundering system following the end of the extended grace period on Friday. Show more

Economy

UAE Ministry of Economy to impose penalties on firms that failed to register with AML systems

The penalties ranging from Dh50,000 to Dh5m will come into effect from Saturday

The National

April 30, 2021