ABU DHABI, 22nd November, 2024 (WAM) -- The Central Bank of the UAE (CBUAE) has suspended the business of Al Razouki Exchange, an Exchange House operating in the UAE for a period of three years and has closed two of its Branches in Dubai.

These administrative measures were taken pursuant to Federal Decree-law No.20 of 2018 on Anti-money Laundering and Combating the Financing of Terrorism and Financing of Illegal