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Non-members of the IG P&I Clubs must provide additional information to regulators if they insure any UAE-flagged ships
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UAE: Ministry fines 29 companies over Dh22 million for non-compliance
These companies were operating in the designated non-financial business and professions sector
UAE's Ministry of Economy has imposed fines worth Dh22.6 million on 29 companies.
In a tweet posted on its official account, the authority said, the companies were operating in the designated non-financial business and professions sector.
The firms were penalised for failing to comply with anti-money laundering, combating the financing of terrorism legislation.
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