UAE Central Bank fines three exchange houses Dh4.1 million for AML violations

CBUAE sanctions 3 firms after finding non-compliance with anti-money laundering rules

Last updated: July 07, 2025 | 14:27

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The CBUAE stated that the action is part of its supervisory and regulatory mandate to ensure all exchange houses, their owners, and staff comply with UAE laws and regulations.

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Dubai: The Central Bank of the United Arab Emirates (CBUAE) has imposed a total of Dh4.1 million in financial sanctions on three exchange houses for failing to comply with anti-money laundering (AML) and counter-terrorism financing (CFT) regulations.

Also Read: CBUAE fines UAE-based exchange house Dh2 million for violating AML rules

The penalties were issued under Article (14) of Federal Decree Law No. (20) of 2018, which governs anti-money laundering and the combating of terrorism financing and illegal organisations in the UAE.

According to a statement from the CBUAE, the fines followed a formal examination of the exchange houses, which revealed deficiencies in their AML/CFT policies and procedures.

“The Central Bank is committed to upholding the integrity and transparency of the UAE financial system,” the statement noted. “All exchange houses, their owners, and staff must comply fully with UAE laws and CBUAE regulations to safeguard the sector.”

Also Read: UAE hits harder against money laundering with Dh339m in recent fines

The CBUAE continues to reinforce regulatory oversight to ensure that all licensed financial institutions meet international standards in risk management, compliance, and financial crime prevention.

Justin VargheseYour Money Editor

Justin is a personal finance author and seasoned business journalist with over a decade of experience. He makes it his mission to break down complex financial topics and make them clear, relatable, and relevant—helping everyday readers navigate today’s economy with confidence. Before returning to his Middle Eastern roots, where he was born and raised, Justin worked as a Business Correspondent at Reuters, reporting on equities and economic trends across both the Middle East and Asia-Pacific regions.

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