Central Bank revokes Sundus Exchange licence and imposes AED 10M fine
The Central Bank of the UAE (CBUAE) has revoked the operating licence of Sundus Exchange and levied a AED 10 million financial sanction for regulatory violations. This action removes the entity's authorisation to conduct money exchange and remittance services in the UAE. Existing customers should immediately cease transactions with Sundus Exchange and contact the CBUAE or an alternative licensed provider.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- If you hold funds or have pending transactions with Sundus Exchange, contact the CBUAE immediately or switch to an alternative licensed money exchange provider. Do not conduct further business with this entity.
Source
Source: Central Bank of UAE — official 17 Jun 2025 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
If you hold funds or have pending transactions with Sundus Exchange, contact the CBUAE immediately or switch to an alternative licensed money exchange provider. Do not conduct further business with this entity.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
17 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-revokes-the-licence-of-sundus-exchange-and-imposes-a-financial-sanction-of-aed-10-million/
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