Three exchange houses fined over AED 4 million for compliance failures
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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