By PAUL O’DONOGHUE, Senior Correspondent
THE United Arab Emirates’ (UAE) Securities and Commodities Authority (SCA) has fined multiple companies AED1.15 million ($313,000) for a series of AML breaches.
Since January 2025, the SCA has issued AED650,000 in fines for regulatory breaches by companies and investors, the watchdog said in a statement.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
