AED 1.15 Million in Fines: A Wake-Up Call for High-Risk Industries in the UAE
In a significant move that underscores the UAE’s commitment to financial integrity, the Securities and Commodities Authority (SCA) has levied AED 1.15 million in administrative fines against several companies for breaches of anti-money laundering (AML) and counter-terrorism financing (CFT) regulations. Breakdown of Penalties The fines include: AED 650,000 for general regulatory breaches AED 500,000 for […]
