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The Times of India

World / The Times of India

UAE Central Bank fines foreign bank branch AED20 million over anti-money laundering failures

A foreign bank's UAE branch has been hit with a hefty AED20 million fine by the Central Bank of the UAE. This action stems from serious and recurring lapses in the bank's anti-money laundering and counter-terrorist financing systems. The bank's Head of Compliance also faces a AED300,000 penalty for failing to meet their duties, underscoring the regulator's commitment to financial system integrity.

24 Jun 2026 8:17 pm
FIFA 2026 World Cup: France vs Iraq becomes first weather-delayed match after severe thunderstorms and lightning halt play

Frances World Cup clash against Iraq became the tournaments first weather-related suspension after severe thunderstorms and lightning halted play at half-time in Philadelphia. Kylian Mbappes early goal had put France ahead, but safety concerns took precedence as FIFA activated emergency protocols. The disruption underscores the logistical challenges of hosting a summer World Cup across North Americas unpredictable weather conditions.

23 Jun 2026 4:23 am