CBUAE fines exchange houses over anti-money laundering violations
exchange houses
Latest in exchange houses
anti money laundering
UAE central bank fines 6 exchange houses $3.3m
Central Bank of the UAE imposed financial sanctions on six exchange houses
anti money laundering
UAE fines exchange house $953,000 over rule violations
CBUAE has issued hefty fine on exchange house over anti-money laundering and terrorism financing rule violations
CBUAE
CBUAE imposes $54.5m sanction on exchange house
Central Bank of the UAE fines exchange house and its branch manager
Al Ansari Exchange
UAE’s Al Ansari Exchange, BILRS partner to expand global bill payment services
The facility will be made available through Al Ansari Exchange’s extensive branch network across India, Pakistan, Philippines, Egypt, and more
anti-money laundering
UAE suspends exchange house, shuts 2 branches
Central Bank of the UAE suspends the business of Al Razouki Exchange
Al Ansari Exchange
UAE’s Al Ansari sets IPO price, shares valued between AED1 and AED1.03
The IPO subscription period began on March 16, and will end on March 23
Al Ansari Exchange
UAE’s Al Ansari Exchange to float on Dubai bourse, announces 10% IPO stake
Al Ansari is selling 750 million shares, each with a value of AED0.01
anti-money laundering
UAE revokes Dollar Exchange house license over ‘serious’ misconduct
The Dollar Exchange house was also found to have engaged in serious anti-money laundering (AML) violations
anti-money laundering
UAE central bank imposes $1.4 million fine on exchange house
The sanction was imposed after the regulator found that “the exchange house had a weak compliance framework regarding the required due diligence policies and procedures to prevent money laundering and financing of terrorism”
British pound
Indian rupee to hit 90 to GBP mark, says UAE Exchange CEO
UAE Exchange CEO Promoth Manghat said he believes the 90 rupee to 1 pound mark will be hit either this quarter or this year
exchange houses
Investors have more to gain from Indian rupee fall, says UAE Exchange CEO
The Indian rupee now stands at 18.63 against the UAE dirham, the lowest since November 2016
exchange houses
Seven UAE exchange houses have licenses downgraded
Central Bank says the remittance services violated regulations
Central Bank
Saudi Central Bank cracks down on exchange bureaus
Monetary authority suspends three top money exchange houses
