Appendix 1
Summary of Financial Sanctions
| Article | Violation | Fines |
| Article | (2) Failure to prevent the circulation of counterfeit/forged UAE Currency | AED 10,000 for each counterfeited note plus the face value of the currency note and/or currency coin. |
| Article (3) | Failure to comply with the Central Bank Court Cases Management System. | AED 1,000 per violation and a daily rate of AED 1,000 for the delay of each working day that continues after the initial violation, with a maximum threshold of AED 50,000 for each violation. |
| Article (4) | Failure to comply with the requirements of data reporting on cross border transactions (SWIFT Cross-Border Payment Transactions) | AED 1,000 per violation |
| Article (5) | Failure to comply with the requirements of data reporting on Card Transactions | AED 1,000 per violation |
| Article (6) | Failure to comply with the requirements of sale and purchase currency notes reporting | AED 1,000 per violation |
| Article (7) | Failure to issue liability statements and clearance letters to customers within 7 working days of the customer’s application. | AED 10,000 per violation and a daily rate of AED 10,000 for the delay of each working day that continues after the initial violation with a maximum threshold of AED 100,000 for each violation. |
| Article (8)7.a. | Failure of the bank to comply with its reporting obligations on time per the required frequency. | AED 1,000 per violation and a daily rate of AED 1,000 for the delay of each working day that continues after the initial violation with a maximum threshold of AED 100,000 for each violation. |
| Article (8)7.a. | Failure of the bank to submit correct data in any of its reporting obligations | AED 50,000 per violation. |
| Article (8)7.b. | Failure of the exchange house to comply with its reporting obligations on time per the required frequency | AED 250 per violation and a daily rate of AED 250 for the delay of each working day that continues after the initial violation with a maximum threshold of AED 25,000 for each violation. |
| Article (8)7.b. | Failure of the exchange house to submit correct data in any of its reporting obligations | AED 12,500 per violation. |
| Article (8)7.c. | Failure of the finance company to comply with its reporting obligations on time per the required frequency | AED 500 per violation and a daily rate of AED 500 for the delay of each working day that continues after the initial violation with a maximum threshold of AED 50,000 for each violation. |
| Article (8)7.c. | Failure of the finance company to submit correct data in any of its reporting obligations | AED 25,000 per violation |
| Article (8)7.d. | Failure of other Licensed Financial Institutions to comply with its reporting obligations on time per the required frequency | AED 500 per violation and a daily rate of AED 500 for the delay of each working day that continues after the initial violation with a maximum threshold of AED 50,000 for each violation. |
| Article (8)7.d. | Failure of other Licensed Financial Institutions to submit correct data in any of its reporting | AED 25,000 per violation |
| Article (9) | Failure to file the annual Shari’ah report by the end of February every year | AED 5,000 per violation and a daily rate of AED 5,000 for the delay of each working day that continues after the initial violation with a maximum threshold of AED 500,000 for each violation. |
| Article (9) | Failure of the Licensed Financial Institution to submit correct data in the annual Shari’ah report | AED 50,000 per violation |