UAE Central Bank shuts down exchange house over compliance violations

The Central Bank of the UAE (CBUAE) has revoked the licence of Al Nahdi Exchange, removing it from the official register of exchange houses.

The decision follows a detailed investigation that uncovered serious violations of anti-money laundering and counter-terrorism financing regulations.

CBUAE says the move is part of ongoing efforts to enforce strict compliance and to protect the integrity of the UAE’s financial system.

The #CentralBankUAE has revoked the licence of Al Nahdi Exchange, an Exchange House operating in the UAE, and struck its name off the Register, pursuant to Article (137) of the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank and Organization of Financial…

— Central Bank of the UAE (@centralbankuae) July 30, 2025