Join us next week for a free webinar hosted by the Association of Trade Finance Compliance Professionals, exploring recent court
The Central Bank of the UAE (CBUAE) has assessed a AED 19.5 million (USD 5.3m) financial sanction on UAE bank for poor AML / Sanctions systems
The Central Bank of the UAE (CBUAE) has assessed a AED 19.5 million (USD 5.3m) financial sanction against a bank operating in the UAE for “the bank’s failure to achieve appropriate levels of compliance in its AML & Sanctions Compliance Frameworks for an extended period of time.”
Previously, CBUAE had imposed monitoring on the bank to require the appointment of a consultant to take necessary urgent action to reach compliance standards. In a 14 December 2021 public release announcing its enforcement, CBUAE does not name the bank.
Join us next week for a free webinar hosted by the Association of Trade Finance Compliance Professionals, exploring recent court
A letter of credit scenario was discussed during a recent meeting of bankers involving a commercial LC calling for “Original
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