UAE Central Bank fines foreign bank branch AED20 million over anti-money laundering failures | World News
Foreign bank fined AED20 million in UAE. The Central Bank of the UAE (CBUAE) has levied an AED20 million fine on a branch of a foreign bank following regulatory findings related to weaknesses in its compliance systems.In a statement, the regulator said the action followed examinations that found significant and repeated failures in the bank’s…