🇦🇪UAE

غرامات الامتثال لـ KYC و AML

2 verified sources

Definition

Unlicensed or improper funding verification exposes brokers to criminal penalties including fines and imprisonment under Federal Law No. 14 of 2018. KYC failures trigger reporting to FIU and potential license suspension.

Key Findings

  • Financial Impact: AED 50,000+ fines per violation; license revocation costs AED 100,000+ in lost revenue
  • Frequency: Per non-compliant transaction or audit failure
  • Root Cause: Manual document collection and verification delays in closing coordination

Why This Matters

This pain point represents a significant opportunity for B2B solutions targeting Loan Brokers.

Affected Stakeholders

Loan Brokers, Closing Coordinators, Compliance Officers

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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