The Central Bank of the UAE imposed a financial sanction of AED 10,700,000 on an unnamed exchange house on 1 August 2025, citing the institution's failure to comply with its anti-money laundering and counter-financing of terrorism policies and procedures as well as its sanctions obligations. The penalty was issued pursuant to Article 14 of Federal Decree Law No. 20 of 2018 on Anti-Money Laundering, Combating the Financing of Terrorism and Illegal Organisations. The CBUAE said the sanction followed an examination whose findings showed the exchange house had failed to comply with AML/CFT policies and procedures and its sanctions obligations.
FATF GREY LIST EXIT
The UAE was removed from the Financial Action Task Force grey list in February 2024.
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