Mirabaud fined US$3m in Dubai over CDD failings around connected customers

The Dubai-based armarm of Swiss banking group Mirabaud is to pay a US$3,022,500 (AED 11,100,131) fine for breaches of anti-money laundering requirements in its dealings with a series of interconnected client accounts between June 2018 and October 2021.

The Dubai-based arm of Swiss banking group Mirabaud is to pay a US$3,022,500 (AED 11,100,131) fine for breaches of anti-money laundering requirements in its dealings with a series of interconnected client accounts between June 2018 and October 2021. [1]