UAE exchange house fined AED100mn for regulatory breaches
The financial sanction is based on the results of the findings of examinations conducted by the CBUAE, with regards to Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations regulations.
The CBUAE, through its supervisory and regulatory mandates, endeavours to ensure that all exchange houses, their owners, and staff abide by UAE laws, regulations and standards to maintain transparency and integrity in financial transactions and safeguard the UAE financial system.
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Sharjah 24
an hour ago
- Sharjah 24
Bank investments in UAE exceed AED 774 b by end of April 2025
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Gulf Today
2 hours ago
- Gulf Today
UAE banking sector assets exceed Dhs4.749 trillion by end of April
Total banking sector assets in the UAE, including bankers' acceptances, rose by 0.6 per cent month-on-month to exceed Dhs4.749 trillion at the end of April 2025, up from approximately Dhs4.719 trillion at the end of March. According to the Summary Report - Monetary & Banking Developments - April 2025 issued on Wednesday by the Central Bank of the UAE (CBUAE), total bank credit increased by 0.9 per cent to surpass Dhs2.259 trillion at the end of April, compared to Dhs2.240 trillion at the end of March, driven by a rise of Dhs12.3 billion in domestic credit and Dhs7.1 billion in foreign credit. The growth in domestic credit was attributed to a 0.7 per cent increase in credit to the government sector, a 1.2 per cent increase to the public sector (government-related entities), and a 0.6 per cent increase to the private sector. Meanwhile, credit to non-banking financial institutions declined by 4.3 per cent. 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Al Etihad
3 hours ago
- Al Etihad
FANR wins Global Internal Audit Excellence Award
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