Central Bank revokes Malik Exchange licence and imposes AED 2M fine
The Central Bank of the UAE (CBUAE) has revoked the money exchange licence of Malik Exchange and imposed a financial sanction of AED 2 million for regulatory violations. This action affects all customers and counterparties of Malik Exchange, who must cease transacting with the entity immediately. Affected parties should contact CBUAE or seek alternative licensed money exchange providers without delay.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Cease all transactions with Malik Exchange immediately. If you hold funds or have pending transfers, contact CBUAE or switch to a licensed alternative money exchange provider.
Source
“The Central Bank of the UAE (CBUAE) has revoked the money exchange licence of Malik Exchange and imposed a financial sanction of AED 2 million for regulatory violations.”
— Central Bank of UAE, 20 Aug 2025
Source: Central Bank of UAE — official 20 Aug 2025 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
Cease all transactions with Malik Exchange immediately. If you hold funds or have pending transfers, contact CBUAE or switch to a licensed alternative money exchange provider.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
20 Aug 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-revokes-the-licence-of-malik-exchange-and-imposes-a-financial-sanction-of-aed-2-million/
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