What are the penalties for committing certain violations under Article (147) of Federal Decree- Law No. (14) of 2018 Concerning the Central Bank and the Regulation of Financial Institutions and Activities 94?
The penalties for committing certain violations under Article (147) of this law include imprisonment for a term not exceeding two (2) years and/or a fine ranging from five hundred thousand Dirhams (AED 500,000) to five million Dirhams (AED 5,000,000).