The financial sanction has been imposed after investigations uncovered failure to comply with AML/CFT policies and procedures
The Central Bank of the UAE (CBUAE) has imposed a financial penalty of Dh4.1 million on three money exchange houses operating in the country for failing to comply with anti-money laundering and counter-terrorism financing (AML/CFT) regulations.
The fine was issued under Article 137 of Decretal Federal Law No. (14) of 2018, which governs the Central Bank and the regulation of financial institutions in the UAE.
DATE . July/9/2025