Action required Financial services Central Bank of UAE
Financial services
97Banking supervision, insurance, capital markets and AML/CFT — CBUAE, SCA, FSRA.
April 2025
March 2025
Action required Financial services Central Bank of UAE
Central Bank imposes financial sanctions on 5 banks and 2 insurers for CRS/FATCA violations
November 2024
Action required Financial services Central Bank of UAE
Central Bank suspends Al Razouki Exchange currency system — money services operators — effective immediately
October 2024
Action required Financial services Central Bank of UAE
CBUAE prohibits takaful insurer from issuing new contracts
September 2024
Action required Financial services Central Bank of UAE
National AML/CFT committee replaces executive office — all financial institutions — immediate
August 2024
Action required Financial services Central Bank of UAE
Central Bank revokes Muthoot Exchange licence — money exchange operators — effective immediately
July 2024
Action required Financial services Central Bank of UAE
Central Bank revokes Galaxy Insurance Broker licence — insurance sector — effective immediately
June 2024
Action required Financial services Central Bank of UAE
Central Bank issues open finance regulation — financial institutions and fintech — implementation timeline TBD
Financial services Central Bank of UAE
CBUAE issues sandbox conditions regulation for financial services innovation
April 2024
Action required Financial services Central Bank of UAE
Central Bank permits six-month deferral of personal and car loan installments — all banks and finance companies — immediate
March 2024
Financial services Central Bank of UAE
Central Bank launches Sanadak financial and insurance ombudsman — all UAE financial institutions and insurers
February 2024
Action required Financial services Central Bank of UAE
Central Bank revokes licence of Smart and Secure Insurance Agent
January 2024
Action required Financial services Central Bank of UAE
Central Bank cancels First Insurance Brokers licence
December 2023
Action required Financial services Central Bank of UAE
Central Bank introduces framework for short-term credit facilities regulation
Action required Financial services Central Bank of UAE
Central Bank revokes licence of Cogent Insurance Broker — insurance sector — effective immediately
November 2023
Financial services Central Bank of UAE
CBUAE and Higher Shari'ah Authority issue sustainable Islamic finance principles
Action required Financial services Central Bank of UAE
NAMLCFTC issues guidance on unlicensed virtual asset service providers
July 2023
Action required Financial services Central Bank of UAE
Central Bank issues mortgage relief measures for UAE nationals — residential borrowers
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