Under Article 7 of Circular No. 24/2019, violation of any provision may be subject to supervisory action as deemed appropriate by the CBUAE. In addition, without prejudice to other sanctions stated in other laws in the UAE, the CBUAE may impose administrative and financial sanctions and penalties in accordance with the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank & Organization of Financial Institutions and Activities and the CBUAE Regulations issued in implementation thereof.