Any Person who deliberately commits any of the following acts shall be punishable by imprisonment for a term not exceeding (1) one year and a fine of not less than (AED 50,000) fifty thousand Dirhams and not exceeding (AED 50,000,000) fifty million Dirhams, or by either of these penalties: 1. Representing themselves as licensed, registered, accredited, or approved by the Authority to engage in any Financial Activities subject to the provisions of this Decree by Law or any related tasks or activities, with the intent to mislead others or to achieve personal or third-party benefit without Authority approval. 2. Submitting a false report regarding an act deemed violative of this Decree by Law or the Relevant Legislation, with knowledge of its falsity, intending to harm others or mislead the Authority.
Interpretation and application must be checked against the official text and current version.