UAE fines foreign bank and exchanges houses for AML/CFT breaches

Four exchange houses (unnamed) have been fined by the Central Bank of the United Arab Emirates (CBUAE) - three, a total of D4,100,000 (US$1,116,250), on 7 July and one, D2,000,000 (US$544,510), on 24 June - for non-compliance with local anti-money laundering/counter financing of terrorism obligations.

Four exchange houses (unnamed) have been fined by the Central Bank of the United Arab Emirates (CBUAE) - three, a total of D4,100,000 (US$1,116,250), on 7 July [2025] [1] and one, D2,000,000 (US$544,510), on 24 June [2025] [2] - for non-compliance with local anti-money laundering/counter financing of terrorism obligations.