Bank fined AED 20 million for repeated regulatory failures

The UAE Central Bank (CBUAE) has fined a branch of a foreign bank AED 20 million for repeated failures in its anti-money laundering and counter-terrorism financing controls.

The penalty follows inspections, which found significant shortcomings in the bank's compliance framework.

A penalty of AED 300,000 was also imposed on the bank's Head of Compliance and Money Laundering Reporting Officer for failing to carry out his responsibilities effectively.

The Central Bank says it remains committed to ensuring banks and their staff comply with UAE regulations to protect the integrity, transparency and stability of the country's financial system.

The #CentralBankUAE imposed a financial penalty of AED 20,000,000 on a branch of a foreign bank, pursuant to the provisions of the Federal Decree Law Regarding the Central Bank and Organization of Financial Institutions and Activities, and its amendments.

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— Central Bank of the UAE (@centralbankuae) June 24, 2026