The branch of a foreign bank operating in the UAE has been fined AED 600,000 for failing to comply with market conduct and consumer protection regulations.
The penalty follows an inspection by the Central Bank, which found violations of UAE banking standards.
The action was taken under Article 137 of the Federal Law No. 14 of 2018, governing financial institutions.
Authorities say the move is part of ongoing efforts to uphold transparency and integrity across the country’s financial sector.
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Bus operations for public and private schools in the UAE will resume on Monday, April 20.
Sustainable transport drive hits milestone in Abu Dhabi
Abu Dhabi's green bus fleet has covered more than 1.3 million eco-friendly kilometres since launching operations in 2024.
Dubai Police detain internationally wanted Irish fugitive
Dubai Police, in collaboration with the UAE Ministry of Interior, have arrested an Irish fugitive accused of involvement in an organised criminal group linked to international crimes in his home country.
UAE President meets Ruler of Fujairah, inspects Fujairah Port
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, to discuss national priorities and the country’s continued development.
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