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    Central Bank imposes Dhs3.5m fine on exchange house in UAE

    Central Bank imposes Dhs3.5m fine on exchange house in UAE

    02 Jun 2025

    The Central Bank of the UAE (CBUAE) imposed a financial sanction on an exchange house, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on...

    Central Bank of UAE imposes financial sanction of Dhs100m on exchange house

    Central Bank of UAE imposes financial sanction of Dhs100m on exchange house

    29 May 2025

    The Central Bank of the UAE (CBUAE) imposed a financial sanction of Dhs100 million on an exchange house, pursuant to Article (137) of the Decretal Federal Law No. (14)...

    UAE Central Bank imposes Dhs18.1m fines two branches of foreign banks

    UAE Central Bank imposes Dhs18.1m fines two branches of foreign banks

    28 May 2025

    The Central Bank of the UAE (CBUAE) imposed financial sanctions on two branches of foreign banks operating in the UAE, amounting to Dhs10,600,000 for the first bank and Dhs7,500,000...

    Life in jail, Dhs10 million fine for money laundering in UAE

    Life in jail, Dhs10 million fine for money laundering in UAE

    27 May 2025

    Money laundering crime in the UAE is penalized by life imprisonment, a fine of up to Dhs10 million, and deportation for foreign offenders, according to lawyer and legal consultant...

    CBUAE imposes financial sanction of Dhs200 million on exchange house

    CBUAE imposes financial sanction of Dhs200 million on exchange house

    20 May 2025

    The Central Bank of the UAE (CBUAE) imposed a financial sanction of amount Dhs200 million on an exchange house, pursuant to Article (137) of the Decretal Federal Law No....

    Depositing money via others’ ID may end you up with money laundering charges in UAE

    Depositing money via others’ ID may end you up with money laundering charges in UAE

    19 May 2025

    In what may seem like a normal scene at an ATM, a person is asked to help a stranger deposit money on the grounds that his card is not...

    UAE Central Bank sanctions five insurance brokers for flouting money laundering law

    UAE Central Bank sanctions five insurance brokers for flouting money laundering law

    12 May 2025

    The Central Bank of the UAE (CBUAE) has imposed administrative and financial sanctions on five insurance brokers operating in the UAE, pursuant to Article (14) of the Decree Federal...

    Indian businessman jailed for 5 years, fined Dhs500,000 over money laundering in UAE

    Indian businessman jailed for 5 years, fined Dhs500,000 over money laundering in UAE

    02 May 2025

    Dubai Criminal Court sentenced the Indian businessman known as Abu Sabah to five years in jail, followed by deportation after serving his sentence, and fined him Dhs500,000. Additionally, Dhs150...

    UAE, UK enhance collaboration to combat illicit financial flows

    UAE, UK enhance collaboration to combat illicit financial flows

    05 Mar 2025

    Ahmed Al Sayegh, UAE Minister of State, met with the Honourable Dan Jarvis MP, UK Minister of State for Security, in Abu Dhabi, to discuss the UAE-UK partnership to...

    Dubai dismantles two major money laundering networks for smuggling funds worth Dhs641m

    Dubai dismantles two major money laundering networks for smuggling funds worth Dhs641m

    27 Dec 2024

     Gulf Today, Staff Reporter  Dubai authorities, in collaboration with key federal authorities, have successfully broken up two major international networks conducting money laundering operations worth a total of Dhs641...

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