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الخليج
Central Bank warns on unauthorized banking ID sharing
The Central Bank of the UAE warns against leasing bank identification numbers without proper authorization, emphasizing that the entities involved in leasing or receiving such numbers must hold the necessary license or authorization from the Central Bank. The bank has also urged licensed financial institutions to take the necessary measures to verify the identities of the benefiting entities and to report any unauthorized leasing within 20 working days, warning that financial penalties or regulatory actions may be imposed in case of non-compliance. This warning aims to regulate the use of bank identification numbers and protect the financial system from unauthorized activities.
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