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The money left your account in three transfers to someone you have never heard of. Whose loss is it?
Since 16 September 2026 the answer is measured against a statute: Article 149 of the new Central Bank Law makes fraud prevention and detection a legal duty of every bank, backed by fines of up to AED 1 billion.
#UAEBankingLaw #CentralBankUAE #FraudPrevention #ConsumerProtection #BankingLitigation #Cybercrime #UAELaw #FinancialRegulation #LegalInsights
