The Central Bank of the UAE has imposed a fine of AED 3 million on a bank for failing to comply with anti-money laundering regulations.
The penalty follows inspections that revealed violations of federal laws aimed at combating money laundering, terrorism financing, and the funding of illegal organisations.
The name of the bank involved has not been disclosed.
Authorities say the action is part of ongoing efforts to ensure all financial institutions operate transparently and in line with UAE laws and Central Bank standards.
The #CentralBankUAE imposed a financial sanction on a bank of AED3,000,000, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations and its amendments, and Article…
— Central Bank of the UAE (@centralbankuae) July 10, 2025
Sheikh Mohammed honours Egyptian professor with 'Great Arab Minds' award
UAE announces $550 million for UN’s 2026 Global Humanitarian Overview
UAE bans travel to Mali, urges nationals to return
Rain, dusty conditions forecast across UAE from December 12
UAE continues to send aid to assist flood-hit Sri Lanka
