Central Bank imposes AED 12.3M sanctions on six exchange houses — compliance violations
The Central Bank of the UAE (CBUAE) has imposed financial penalties totalling AED 12.3 million on six exchange houses for regulatory breaches. The sanctions target violations of anti-money laundering, know-your-customer, and reporting requirements. Exchange houses must review their compliance frameworks immediately to avoid further enforcement action.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Exchange houses must conduct urgent compliance audits of AML/KYC procedures and transaction reporting systems. Review CBUAE directives on customer due diligence and suspicious activity reporting.
Source
“The Central Bank of the UAE (CBUAE) has imposed financial penalties totalling AED 12.3 million on six exchange houses for regulatory breaches.”
— Central Bank of UAE, 10 Jun 2025
Source: Central Bank of UAE — official 10 Jun 2025 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
Exchange houses must conduct urgent compliance audits of AML/KYC procedures and transaction reporting systems. Review CBUAE directives on customer due diligence and suspicious activity reporting.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
10 Jun 2025.
Where can I read the original?
Read the original at Central Bank of UAE: https://www.centralbank.ae/en/news-and-publications/news-and-insights/press-release/cbuae-imposes-financial-sanctions-of-aed-12-3-million-on-six-exchange-houses/
Subscribe — free
Get the next change before it's a deadline
The whole front, every morning. Free.