The Central Bank of the UAE has imposed a fine of AED 3 million on a bank for failing to comply with anti-money laundering regulations.
The penalty follows inspections that revealed violations of federal laws aimed at combating money laundering, terrorism financing, and the funding of illegal organisations.
The name of the bank involved has not been disclosed.
Authorities say the action is part of ongoing efforts to ensure all financial institutions operate transparently and in line with UAE laws and Central Bank standards.
The #CentralBankUAE imposed a financial sanction on a bank of AED3,000,000, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations and its amendments, and Article…
— Central Bank of the UAE (@centralbankuae) July 10, 2025
UAE President holds talks with UK Prime Minister Starmer in Abu Dhabi
Zero missile or drone threats over UAE on Thursday
H.H. Sheikh Mohammed calls on public to raise UAE flag in show of loyalty
Dubai's new parking cashback scheme supports small businesses
UAE strongly condemns Israeli attacks on Lebanon
