1. A penalty of imprisonment for a period that is not less than (2) two years and a fine that is not less than (AED 50,000) Fifty Thousand Dirhams or one of these two penalties, shall be imposed on: a. Disclosing KYC data or report in circumstances not authorised under the provisions hereof and its Executive Regulations; b. Obtaining KYC report or gaining access without the required approval under the provisions hereof and its Executive Regulations, or through fraudulent means or false information; c. Violating the confidentiality required for KYC data or report; d. Wilfully misrepresenting data or providing false information to the company. 2. It shall be an aggravating circumstance if a public employee or any employee of the company commits any of the offences, specified herein and its Executive Regulations; and 3. The imposition of the penalties stipulated herein shall not prejudice any severer penalty stipulated in any other law, nor shall it affect the civil liability of the violator.
Interpretation and application must be checked against the official text and current version.