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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)...

    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...

    UAE exchange houses receive approval to raise remittance fees by 15% for first time in 5 years

    UAE exchange houses receive approval to raise remittance fees by 15% for first time in 5 years

    12 Feb 2024

    The Foreign Exchange and Remittance Group (FERG) announced that exchange houses under the jurisdiction of UAE authorities have received approval to implement an optional strategic fee adjustment, allowing for...

    UAE urges public to exchange currencies through licensed authorities

    UAE urges public to exchange currencies through licensed authorities

    15 Sep 2023

    The Federal Capital Public Prosecution has initiated an investigation into a group of suspects who defraud individuals by promoting counterfeit currencies on social media platforms, under the cover that...

    CBUAE revokes licence of Dirham Exchange and registration of RMB Commercial Brokers Co

    CBUAE revokes licence of Dirham Exchange and registration of RMB Commercial Brokers Co

    09 Aug 2023

    The Central Bank of the UAE (CBUAE) has revoked the licence of Dirham Exchange, an exchange house operating in the UAE, and struck off its name from the Register,...

    Man jailed, fined Dhs10,000 for defrauding a GCC citizen in Dubai

    Man jailed, fined Dhs10,000 for defrauding a GCC citizen in Dubai

    10 May 2023

    Mohammed Yaseen, Staff Reporter   The Dubai Court of Misdemeanor sentenced an Arab to one month in jail and fined him Dhs10,000 for defrauding a GCC citizen in a...

    Al Ansari records more than 30% growth

    Al Ansari records more than 30% growth

    04 Apr 2023

    Gulf Today, Staff Reporter Al Ansari Financial Services, one of the leading integrated financial services groups in the UAE, is pleased to announce that during the first quarter of...

    Al Ansari increases number of shares for retail investors

    Al Ansari increases number of shares for retail investors

    24 Mar 2023

    Al Ansari Financial Services has announced that following the approval from the Securities and Exchange Authority (SCA), Al Ansari Holding (Selling Shareholder) has exercised its right to increase the number...

    CBUAE revokes licence of Al Rasheed exchange house for serious regulatory misconduct

    CBUAE revokes licence of Al Rasheed exchange house for serious regulatory misconduct

    27 Feb 2023

    The Central Bank of the UAE (CBUAE) has revoked the licence of Al Rasheed, an exchange house operating in the UAE and struck off its name from the Register,...

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