Six exchange houses fined AED 12.3 million for regulatory breaches

The Central Bank of the UAE (CBUAE) has imposed financial penalties totalling AED 12.3 million on six exchange houses across the country.

The sanctions come after inspections revealed serious breaches of anti-money laundering and counter-terrorism financing regulations.

The fines are in line with Federal Decree Law No. 20 of 2018 and reflect ongoing efforts to uphold the integrity of the UAE’s financial system.

The names of the entities involved have not been disclosed by the authority.

CBUAE has emphasised that all exchange houses, their owners and staff must comply with national laws and regulatory standards to ensure transparency.

The #CentralBankUAE imposed varying financial sanctions on six exchange houses in the UAE, amounting to AED12,300,000, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations…

— Central Bank of the UAE (@centralbankuae) June 10, 2025