The branch of a foreign bank operating in the UAE has been fined AED 600,000 for failing to comply with market conduct and consumer protection regulations.
The penalty follows an inspection by the Central Bank, which found violations of UAE banking standards.
The action was taken under Article 137 of the Federal Law No. 14 of 2018, governing financial institutions.
Authorities say the move is part of ongoing efforts to uphold transparency and integrity across the country’s financial sector.
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UAE launches aid mission for hurricane-hit Caribbean nations
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New paid parking zones introduced in Dubai
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H.H. Sheikh Khaled holds talks with South Korean President
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UAE fuel prices to drop in November
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Abu Dhabi Crown Prince arrives in South Korea for APEC Forum
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UAE condemns attacks on civilians in Sudan's El Fasher
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UAE aid ship reaches Egypt with vital supplies for Gaza
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Dubai strengthens emergency preparedness with strategic partnerships
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Dubai sets global benchmark for urban governance with new accord
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H.H. Sheikh Mohammed unveils MBR Endowment District
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UAE carries out new medical evacuation from Gaza Strip
The UAE has airlifted 57 patients from the Gaza Strip, along with their family members.
UAE dispatches largest convoy of water tankers to northern Gaza
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IRENA Council meets in Abu Dhabi to drive global energy transition
The International Renewable Energy Agency (IRENA) meets in Abu Dhabi later this week for its 30th Council session.
UAE launches body to 'empower volunteering, promote goodness'
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UAE President, European Council chief stress need to maintain Gaza ceasefire
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H.H. Sheikh Ahmed hails national media as crucial pillar of development
Dubai hosted the 10th Emirati Media Forum on Tuesday at the Museum of the Future, bringing together leading figures from the UAE media sector.
Toll gate operator Salik said it will charge peak-hour fees on Sunday, November 2, as the Dubai Fitness Challenge's first flagship event - Dubai Ride - gets underway.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has stressed the need to build an integrated global economic system to overcome challenges faced around the globe.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
