ABU DHABI, 16th September, 2024 (WAM) -- The Central Bank of the UAE (CBUAE) imposed a financial sanction on a bank operating in the UAE.

The decision is pursuant to articles 89 and 137 of the Federal Decree Law No. (14) of 2018 regarding the Central Bank & Organisation of Financial Institutions and Activities and its amendments, and article 14 of the Federal Decree Law No. (20) of 2018 on Anti-money Launderi