The Central Bank said the lender that was fined had deficiencies in its anti-money laundering and counter-terrorism financing procedures. Photo: UAE Central Bank
The Central Bank said the lender that was fined had deficiencies in its anti-money laundering and counter-terrorism financing procedures. Photo: UAE Central Bank

Business

Money

UAE Central Bank fines lender $1.6m for breaching anti-money laundering law

The Emirates has introduced a number of initiatives to regulate the country’s financial sector

Deepthi Nair
Deepthi Nair

August 02, 2024