What administrative penalties can a DNFBP face for AML violations in the UAE?
Supervisory authorities can impose a graduated range of administrative penalties on a DNFBP that breaches its AML obligations. These run from a written warning, to an administrative fine of not less than AED 10,000 and not more than AED 5,000,000 for each violation, through to more serious measures such as barring the violator from the sector, restricting the powers of board members and managers, suspending responsible officers, restricting or suspending the activity, and revoking the licence.
The supervisory authority may also require periodic remediation reports, may increase the fine where the same violation recurs within one year, and may publish the penalties it imposes. This means reputational exposure often accompanies the financial penalty.
Legal Reference (UAE):
ยท Federal Decree-Law No. 10 of 2025, Article 17 - lists the administrative penalties, the AED 10,000 to AED 5,000,000 fine range, and the power to escalate on repeat violation.
For more details, consult the full text of Federal Decree-Law No. 10 of 2025 or seek guidance from your AML compliance officer.