Six exchange houses fined AED 12.3 million for regulatory breaches

Tuesday, 10 June 2025 at 15:30

By ARN News Staff

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

More from Local News

H.H. Sheikh Hamdan honours winners of inaugural Dubai-it Award

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, has honoured 13 winners of the inaugural 'Dubai-it Award', which celebrates exceptional achievements by individuals, projects, institutions and companies across various sectors.
Abu Dhabi expands EV charging points in public parking areas

Abu Dhabi has brought hundreds of new electric vehicle charging units into operation across public parking areas, as part of efforts to encourage greener transport across the emirate.
Dubai student card unlocks public transport savings, global discounts

Students in Dubai can get up to 50 per cent off public transport fares through a new all-in-one student card that also provides access to discounts and benefits in the UAE and abroad.
UAE lifts visa restrictions on Ugandan nationals

Authorities in the UAE have announced the lifting of visa restrictions on Ugandan nationals that were introduced on June 6 in response to developments related to the ebola virus.
Dr Gargash highlights UAE's 'constructive role' in Russia-Ukraine-US trilateral talks

Dr Anwar Gargash, Diplomatic Adviser to the UAE President, has highlighted the UAE's "constructive role in facilitating dialogue and bridging differences" as Abu Dhabi hosts the second day of Ukraine-Russia-US trilateral talks.
Ras Al Khaimah Ruler leads UAE delegation at COP31

His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has landed in Turkey for the Antalya Leaders’ Summit, being held on November 11-12 as part of COP31.
Dubai to reward residents with AED 2,500 for naming community parks

Dubai has invited the public to name 35 new community parks set to open across 11 neighbourhoods this winter, with residents standing a chance to win AED 2,500 for each selected name.
ADNOC L&S vessel sustains damage following attack

ADNOC Logistics and Services has confirmed that one of its vessels was damaged in an attack in UAE territorial waters in the Arabian Gulf.
H.H. Sheikh Khaled, H.H. Sheikh Hamdan discuss key national priorities

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, on the sidelines of the 8th UAE Government Annual Meetings.
Sheikh Abdullah attends third round of Russia-Ukraine-US trilateral talks

Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has expressed hope that the third round of trilateral talks between Russia, Ukraine and the US in Abu Dhabi will offer "practical steps towards ending a crisis".
UAE completes critical design review of 'Sirb-1' satellite

The UAE Space Agency has completed its critical design review for its first satellite under the National Synthetic Aperture Radar (SAR) programme.
UAE conditionally approves new use of Ultomiris for kidney disease patients

The UAE has conditionally approved a new use of AstraZeneca’s Ultomiris to treat adults with primary immunoglobulin A nephropathy (IgAN), who are at risk of the disease progressing.
H.H. Sheikh Hamdan approves Dubai Metro extension to Al Maktoum Airport

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has announced the approval of AED 2 billion Dubai Metro extension project to Al Maktoum International Airport, with operations set to begin in 2031.
UAE Year Of Award celebrates stronger families, community values

Five winners, including individuals, families and organisations have been recognised at the inaugural UAE Year Of Award for their contributions to strengthening family bonds and community values.
UAE President highlights nation's resilience during 'recent challenges'

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has highlighted the nation's "enduring unity, strength, and resolve" in addressing "recent challenges" during the Annual Government Meetings.
H.H. Sheikh Khaled approves second package of Emirati Family Growth Programme

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has underscored that Emirati families will remain central to the UAE’s development journey while approving the second package of Numou.
Sharjah approves housing support for 1,100 families

Sharjah Executive Council has approved a new housing support allocation for 1,100 families across the Emirate.
H.H. Sheikh Mohammed directs tents for 50,000 Gazans facing harsh weather

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has directed the distribution of tents to shelter 50,000 people in the Gaza Strip as the rainy winter season sets in.
UAE postpones vehicle licensing limit for residents

The UAE Ministry of Interior has postponed the introduction of a limit on the number of vehicles residents can license, pending a further review of the proposed regulations.
UAE Government Annual Meetings key to reviewing national priorities

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has described the UAE Government Annual Meetings as an important opportunity to review national priorities, assess government performance and address key challenges.

News

H.H. Sheikh Hamdan honours winners of inaugural Dubai-it Award
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, has honoured 13 winners of the inaugural 'Dubai-it Award', which celebrates exceptional achievements by individuals, projects, institutions and companies across various sectors.
Abu Dhabi expands EV charging points in public parking areas
Abu Dhabi has brought hundreds of new electric vehicle charging units into operation across public parking areas, as part of efforts to encourage greener transport across the emirate.
Dubai student card unlocks public transport savings, global discounts
Students in Dubai can get up to 50 per cent off public transport fares through a new all-in-one student card that also provides access to discounts and benefits in the UAE and abroad.

Six exchange houses fined AED 12.3 million for regulatory breaches

More from Local News

News

Our Shows

Quick Links

Listen on the Go

Six exchange houses fined AED 12.3 million for regulatory breaches

Share

More from Local News

News

Our Shows

Quick Links

Listen on the Go