The Central Bank of the UAE has revoked the licence of Al Nahdi Exchange and removed the exchange house from the official register. The action was taken under Article 137 of Decretal Federal Law No. 14 of 2018 on the Central Bank and the organisation of financial institutions and activities, as amended, following Central Bank examinations that found significant failures to comply with the Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations and Sanctions framework.
Central Bank of the UAE 2025-07-30
Central Bank of the UAE revokes Al Nahdi Exchange licence over significant AML and sanctions compliance failures
The Central Bank of the UAE has revoked the licence of Al Nahdi Exchange and removed it from the official register due to significant non-compliance with Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations and Sanctions framework. This enforcement action was taken under Article 137 of Decretal Federal Law No. 14 of 2018.