ABU DHABI, 19th February, 2025 (WAM) -- The Central Bank of the UAE (CBUAE) imposed financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations and its amendments.

The financial penalty of AED3.5 million has been imposed after assessing the findings of an