The central bank closed Al Razouki’s branches in Deira and Al Murar, the administrative measures were taken pursuant to Article 14 of the AML/CFT Law
The central bank directed the foreign bank to present the regulator’s action to its board of directors
Mozn is making waves in the global fintech landscape with its cutting-edge platform, FOCAL as the company showcases its latest innovations at the 24 Fintech event in Riyadh
The central bank imposed the hefty fine after an examination found deficiencies in the bank’s AML/CFT policies and procedures
NorthLark’s Eshana de Silva tells Gulf Business that regtech promises to marry the new landscape of post-financial crisis regulation to the new landscape of digital technologies
The UAE has been investing and setting up regulatory bodies specialising in financial crime, particularly, the Executive Office of Anti-Money Laundering and Counter Terrorism Finance