Nature of Violation; Fine Amount (AED)
Violation of Regulations, Rules or Directives relating to AML/CFT and “know your customer” requirements [per violation]; To be determined in accordance with applicable local and federal laws.
Violation of Rules in the Compliance and Risk Management Rulebook, Market Conduct Rulebook, or Regulations and Directives related to Market Offences [per violation]; One or more of: (i) disgorgement of the profits gained or losses avoided, (ii) up to AED 20,000,000 for any individual, up to AED 50,000,000 or 15% annual revenue of any virtual assets provider, or 300% of the profits gained or losses avoided [if greater than the above values].
Violations of Rules in all other Rulebooks [per violation]; One or more of (i) up to AED 8,000,000 for an individual, up to AED 20,000,000 or 5% annual revenue for a VASP, (ii) 200% of the profits gained or losses avoided [if greater than the above values]