The UAE central bank did not identify the specific foreign bank branch that received the penalty
Central Bank of the UAE
Latest in Central Bank of the UAE
anti-money laundering
UAE central bank fines bank AED3 mn for AML violations
The sanctions result from the CBUAE’s examinations, which revealed the bank’s failure to comply with the central bank instructions
anti-money laundering
UAE Central Bank slaps $1.6mn fine on foreign bank branch for AML violations
The CBUAE stated it endeavours to ensure all banks and their staff abide by UAE laws, regulations and standards through its supervisory and regulatory mandates
anti-money laundering
UAE central bank slaps $27.8mn fine on exchange house
The UAE central bank has not disclosed the identity of the exchange house
Central Bank of the UAE
Comera receives UAE central bank approval to launch finance company
Once operational, Comera Finance will offer a full suite of financial products and services, spanning retail, SME, and corporate lending
CBUAE
CBUAE issues $5m fines to foreign banks
UAE Central Bank fines foreign banks over anti-money laundering violations
Central Bank of the UAE
“It’s not rocket science”: Mahmoud Abuebeid on fixing cross-border payments
GSS Group’s CEO on real-time payments, open finance — and what fintech still gets wrong
astra tech
Botim, Mbank launch UAE’s first fintech-integrated Jaywan card scheme
The collaboration establishes Botim, powered by PayBy, as the UAE’s first fintech platform to enable Jaywan card issuance
ADQ
UAE to launch Dirham-backed stablecoin
Dirham-backed stablecoin launched in the UAE will enable simple digital payments
CBUAE
UAE fintech Pay10 first to launch on Central Bank’s open finance framework
The company has acknowledged the Central Bank of the UAE’s crucial role in facilitating a responsible and secure rollout
CBUAE
UAE Central Bank imposes financial sanction on a bank
The UAE bank failed to comply with the Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations policies and procedures
Al Etihad Payments
Al Etihad Payments signs global co-badging deals for Jaywan cards with major payment giants
Jaywan cardholders will gain seamless global payment capabilities as UAE’s Al Etihad Payments partners with Visa, Mastercard, Discover, and UnionPay
CBUAE
UAE bank investments rise to $202bn in January 2025
This represents a 16.1 percent growth compared to January 2024, according to the Central Bank of the UAE’s latest banking indicators
CBUAE
Tap Payments obtains UAE Central Bank licence for payment services
The digital payments industry in the UAE continues to expand rapidly, with transaction values projected to reach $80.37 billion by 2025
CBUAE
UAE Central Bank revokes licence of Dynamics Insurance Brokers for regulatory breaches
Dynamics Insurance Brokers “failed to comply with the licensing terms and requirements issued by the Central Bank and with the further requirements stipulated in the regulation,” the UAE Central Bank said
Abu Dhabi
Eid Al Fitr holidays in the GCC; Dubai’s 100 most influential people; UAE petrol prices to change; Royal baby announced – 10 things you missed this week
Eid holidays, the Dubai 100, UAE petrol prices, Royal Baby named, Palm Jebel Ali investments and more top news stories this week
