CBUAE revokes exchange house licence, issues hefty fine

Tuesday, 23 December 2025 15:42

By ARN News Staff

The Central Bank of the UAE (CBUAE) has revoked the licence of 'Omda Exchange' and removed its name from the official register.

The regulator also imposed a penalty of AED 10 million after investigations revealed violations of financial laws and regulations.

The CBUAE says these measures are part of efforts to ensure exchange houses comply with UAE laws and maintain transparency and integrity in financial transactions.

The #CentralBankUAE has revoked the licence of “Omda Exchange” operating in the UAE, struck its name off the Register and imposed a financial sanction of AED10 million, pursuant to the Decretal Federal Regarding the Central Bank and Organization of Financial Institutions and…
— Central Bank of the UAE (@centralbankuae) December 23, 2025

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News

Dubai Police urge caution after fatigue-related accident
Dubai Police are warning motorists about the dangers of driving while extremely tired or suffering from health issues such as blood sugar imbalances, high blood pressure or psychological conditions.
CBUAE revokes exchange house licence, issues hefty fine
The Central Bank of the UAE (CBUAE) has revoked the licence of 'Omda Exchange' and removed its name from the official register.
Jebel Jais temporarily closes after recent unstable weather conditions
Jebel Jais has temporarily closed all operations and facilities during its peak season to carry out safety assessments and maintenance following the unstable weather conditions that recently affected the UAE.

CBUAE revokes exchange house licence, issues hefty fine

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CBUAE revokes exchange house licence, issues hefty fine

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