The Central Bank of the UAE (CBUAE) has revoked the licence of Sundus Exchange and removed it from its official register.
The move comes after regulatory examinations uncovered serious violations of anti-money laundering and counter-terrorism financing laws.
In addition to the licence cancellation, the exchange house has been hit with a financial penalty of AED 10 million under Article 14 of the Federal Decree Law No. 20 of 2018.
The Central Bank says this action underscores its commitment to safeguarding the integrity and transparency of the UAE’s financial system.
It is reminding all exchange houses, their owners, and staff to comply strictly with national regulations to prevent financial crimes.
The #CentralBankUAE has revoked the licence of “Sundus Exchange” operating in the UAE, struck its name off the licences register and imposed a financial sanction of AED10 million, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and…
— Central Bank of the UAE (@centralbankuae) June 17, 2025
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