New AML steps to ensure strict compliance
New AML steps to ensure strict compliance issacjohn@khaleejtimes.com Filed on March 3, 2021 The list includes 26 types of violations and stipulated fines that range from Dh50,000 to up to Dh1 million, which could be doubled up to Dh5 million in certain cases. — File photo The Ministry of Economy announced the extension of the grace period for registration in its systems to combat money laundering until March 31, 2021, and warned that companies that fail to register would be subject to penalties including suspension of licences and closure The new initiatives announced by the UAE...
Source: khaleejtimes.com