Three exchange houses fined over AED 4 million for compliance failures

Monday, 7 July 2025 at 17:17

By ARN News Staff

The Central Bank of the UAE (CBUAE) has fined three exchange houses a total of AED 4.1 million for failing to comply with anti-money laundering and counter-terrorism financing regulations.

The penalties follow an investigation that revealed serious lapses in their procedures.

The Central Bank says it remains committed to enforcing UAE laws and ensuring that all financial institutions operate with transparency and integrity.

The #CentralBankUAE imposed varying financial sanctions amounting to AED 4,100,000 on three exchange houses, 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 and its…
— Central Bank of the UAE (@centralbankuae) July 7, 2025

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Three exchange houses fined over AED 4 million for compliance failures

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Three exchange houses fined over AED 4 million for compliance failures

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