Fine for submitting incorrect or misleading personal information to the Bank

03 ديسمبر 2021

Back to all News

With reference to UAE Cabinet Resolution No (5/11) of 2020, we would like to notify all our customers that a fine of AED 20,000/- shall be imposed by UAE regulator on the account holder or the controlling person, if the personal statement or any supporting documents submitted by the account holder or the controlling person during the Bank's due diligence process or CRS certification process, incudes any incorrect or misleading information, data or documents that they are aware or should have been aware of their incorrectness.

About Bank of Baroda

It has been a long and eventful journey of almost a century across 25 countries. Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance.

It is a story scripted in corporate wisdom and social pride. It is a story crafted in private capital, princely patronage and state ownership. It is a story of ordinary bankers and their extraordinary contribution in the ascent of Bank of Baroda to the formidable heights of corporate glory. It is a story that needs to be shared with all those millions of people - customers, stakeholders, employees & the public at large - who in ample measure, have contributed to the making of an institution.

Connect with Us

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, please click here. By continuing to browse this website, you consent to our use of cookies.