Fine for submitting incorrect or misleading personal information to the Bank

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.