Cabinet Resolution Regarding the Regulations of Administrative Violations and Sanctions for Acts Committed in Violation of the Provisions of Federal Decree-Law Regarding the "KYC" Digital Platform and Its Executive Regul

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Cabinet Resolution Regarding the Regulations of Administrative Violations and Sanctions for Acts Committed in Violation of the Provisions of Federal Decree-Law Regarding the "KYC" Digital Platform and Its Executive Regulations
Cabinet Resolution Regarding the Regulations of Administrative Violations and Sanctions for Acts Committed in Violation of the Provisions of Federal Decree-Law Regarding the "KYC" Digital Platform and Its Executive Regulations

The last update on this law was listed on 20 Apr 2026

Related legislations

Issued Date

20 Apr 2026

Effective Date

21 Apr 2026

Official Gazette Date

30 Apr 2026

Official Gazette No

822

Legislation State

Active

Regulation Table

1

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Index
Index
Article (1) Definitions
Article (2) Scope of Application
Article (3) Administrative Sanctions
Article (4) Notification of the Violation
Article (5) Grievance Against Administrative Sanctions
Article (6) Amendment of Administrative Sanctions
Article (7) Collection of Administrative Fines
Article (8) Executive Resolutions
Article (9) Publication and Entry into Force
Cabinet Resolution (56) of 2026 Regarding the Regulations of Administrative Violations and Sanctions for Acts Committed in Violation of the Provisions of Federal Decree-Law (30) of 2024 Regarding the "KYC" Digital Platform and Its Executive Regulations

The Cabinet:
– Having reviewed the Constitution;
– Federal Law No. (1) of 1972 Regarding the Competences of the Ministries and the Powers of the Ministers, as amended;
– Federal Law No. (14) of 2016 Regarding Administrative Violations and Sanctions in the Federal Government;
– Federal Decree-Law No. (30) of 2024 Regarding the "Know Your Customer" Digital Platform;
– Federal Decree-Law No. (6) of 2025 Regarding the Central Bank, the Regulation of Financial Institutions and Activities and Insurance Business;
– Federal Decree-Law No. (10) of 2025 Regarding Anti-Money Laundering and Combating the Financing of Terrorism and Proliferation Financing;
– Cabinet Resolution No. (55) of 2026 Regarding the Executive Regulations of Federal Decree-Law No. (30) of 2024 Regarding the "Know Your Customer" Digital Platform;
– Upon the proposal of the Minister of Finance and the approval of the Cabinet;
Hereby resolves as follows:

Article (1) Definitions

The definitions set forth in Federal Decree-Law No. (30) of 2024 referred to herein shall apply to this Resolution. Otherwise, the following terms and expressions shall have the meanings assigned to each of them, unless the context requires otherwise:
Decree-Law: Federal Decree-Law No. (30) of 2024 Regarding the "Know Your Customer" Digital Platform.
Executive Regulations: Cabinet Resolution No. (55) of 2026 Regarding the Executive Regulations of Federal Decree-Law No. (30) of 2024 Regarding the "Know Your Customer" Digital Platform.

Article (2) Scope of Application

The provisions of this Resolution shall apply to any person who commits any act in violation of the provisions of Federal Decree-Law No. (30) of 2024 Regarding the "Know Your Customer" Digital Platform, its Executive Regulations, or the resolutions issued by the Central Bank in implementation thereof.

Article (3) Administrative Sanctions

1. Without prejudice to any more severe penalty or measure prescribed by any other legislation, the Central Bank may impose the administrative sanctions set forth in the schedule annexed to this Resolution upon a person who commits any of the acts in violation of the provisions of the Decree-Law and its Executive Regulations.
2. The Central Bank may decide to suspend dealings with any person, establishment, or entity proven to have committed any of the violations set forth in the schedule annexed to this Resolution, and the Company shall comply with the Central Bank's decision in this regard.

Article (4) Notification of the Violation

Prior to the imposition of an administrative sanction, the Central Bank may issue a written notification to the violator to rectify the violation within a period not exceeding thirty (30) days. The issuance of such notification, or the rectification of the violation within the said period, shall not preclude the imposition of the administrative sanction, unless the Central Bank decides otherwise.

Article (5) Grievance Against Administrative Sanctions

1. The Central Bank shall notify the violator of the decision imposing the administrative sanction within fifteen (15) days from the date of its issuance, through the means approved by the Central Bank. The notification shall include details of the committed violation and any other information specified by the Central Bank.
2. A person against whom an administrative sanction decision has been issued may submit a grievance to the Central Bank, in accordance with its applicable procedures, within thirty (30) days from the date of notification of the contested decision, provided that the grievance is justified and accompanied by all supporting documents.
3. The grievance shall be decided within thirty (30) days from the date of its submission. The lapse of such period without a decision being issued shall be deemed a rejection of the grievance.
4. The decision issued in respect of the grievance shall be final.

Article (6) Amendment of Administrative Sanctions

The Cabinet shall have the authority to make any amendments to the administrative sanctions set forth in this Resolution, whether by addition, deletion, or modification.

Article (7) Collection of Administrative Fines

The Central Bank shall collect the administrative fines prescribed under this Resolution in accordance with the mechanism determined by the Ministry of Finance. Such fines shall be remitted to the Unified Public Treasury Account of the Federal Government and shall constitute part of the public revenues of the Federal Government.

Article (8) Executive Resolutions

The Central Bank shall issue the resolutions necessary for the implementation of the provisions of this Resolution.

Article (9) Publication and Entry into Force

This Resolution shall be published in the Official Gazette and shall enter into force on the day following the date of its publication.

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