The UAE's Central Bank on Wednesday said it imposed a fine of AED 600,000 on a finance company for reportedly failing to comply with market and consumer protection standards.
In a statement, the authority said the action was taken after CBUAE inspections revealed that the finance company had failed to comply with the "Market Conduct and Consumer Protection Regulations and Standards".
The authority did not reveal the name of the company.
Earlier this week, the Central Bank had imposed a AED10.7 million fine on an exchange house for violations of anti-money laundering and counter-terrorism financing regulations.
It also shut down three exchange houses for similar violations in July, as the country cracks down on non-compliance with regulations.
The #CentralBankUAE imposed a financial sanction of amount AED 600,000 on a Finance Company, pursuant to Article (137) of the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank and Organisation of Financial Institutions and Activities, and its amendments.
— Central Bank of the UAE (@centralbankuae) August 6, 2025
For more…
UAE schools and universities to resume in-person learning on Monday, May 11
UAE air defences intercept two drones on Sunday, no injuries
Dubai Police launches new 'National Inspector' security role at airports
Abdullah bin Zayed condemns IRGC-linked cell in Bahrain
RTA opens Dubai's first Smart Bus Station at Mall of the Emirates
H.H. Sheikh Mohammed launches humanitarian programme tackling river blindness
Al Rashidiya Police Station records 99.05 per cent safety perception rate
UAE President, VPs congratulate Hungarian PM on taking oath
