Ministry of Economy announces the list of sanctions to counter money laundering

The ministry of Economy calls on the concerned companies to enhance their awareness of the money laundering risks, register at the adopted systems to combat money laundering and to take the necessary precautions according to law. Failing to comply with the executive regulations will result in financial sanctions starting from AED 50,000 and may reach up to AED 5 million. For further inquiries, contact 8001222.