Ajman Emiri Decision No. 2/2025 On the Administrative Violations and Fines for Foreign Banks Operating in the Emirate of Ajman
We, Ammar bin Humaid Al Nuaimi, Crown Prince of the Emirate of Ajman,
Having perused Ajman Law No. 3/2024 on the Taxation of Foreign Banks operating in the Emirate of
Ajman;
Ajman Emiri Decree No. 11/2011 promulgating the Financial Law of the Government of Ajman and its
Implementing Regulation;
Ajman Emiri Decree No. 15/2012 on the Department of Finance in Ajman, and its amendments;
Ajman Emiri Decree No. 5/2017 on the Financial Audit Authority in Ajman;
And based on the approval of the Legislation Committee,
Have issued the following Decision:
Article 1 - Approval of the Administrative Violations and Fines
a- Without prejudice to any more severe penalty stipulated in any other legislation, the administrative violations and fines related to foreign banks shall be approved by virtue of this Decision, as per the table annexed thereto.