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NEWS: UAE exchange house fined $27M in ongoing AML crackdown

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By PAUL O’DONOGHUE, Senior Correspondent

THE Central Bank of the UAE (CBUAE) has fined an exchange house Dh100 million ($27 million) for serious anti-money laundering (AML) violations.

The move is the latest in a string of major AML penalties announced by the regulator, as the UAE toughens its stance on financial crime.

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NEWS: US civil rights group SPLC indicted for fraud, accused of funnelling donations to Ku Klux Klan

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NEWS: Two-thirds of EU financial institutions not ready for AML Package July 2027 deadline

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NEWS: Australia police arrest high-flying lawyer over $25m fraud

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