1. Any person who intentionally provides false or misleading information concerning the Beneficial Owner to any Competent Authority requesting such information, or to Financial Institutions, DNFBPs, or Virtual Asset Service Providers, shall be punished by imprisonment and a fine of not less than twenty thousand dirhams (AED 20,000), or by either of these two penalties. 2. Any person who unlawfully enables another person to benefit from their account with a Financial Institution or a Virtual Asset Service Provider, while knowing, or having sufficient grounds to believe, that such use is intended for the misuse of the account, shall be punished by imprisonment and a fine, or by either of these two penalties. 3. Any person who violates the provisions of Clause (1) and paragraphs (A), (C), and (D) of Clause (2) of Article (19) of this Decree by Law shall be punished by imprisonment and a fine of not less than ten thousand dirhams (AED 10,000), or by either of these two penalties.
Interpretation and application must be checked against the official text and current version.