The Central Bank of the UAE imposed a financial sanction of AED 600,000 on a branch of a foreign bank operating in the UAE after examinations found failures to comply with the Market Conduct and Consumer Protection Regulations and Standards. The sanction was imposed pursuant to Article 137 of Decretal Federal Law No. 14 of 2018 regarding the Central Bank and the Organisation of Financial Institutions and Activities, as amended.
Central Bank of the UAE 2025-07-16
Central Bank of the UAE fines foreign bank branch AED 600000 for breaches of market conduct and consumer protection rules
The Central Bank of the UAE has fined a foreign bank branch AED 600,000 for non-compliance with Market Conduct and Consumer Protection Regulations and Standards. This enforcement action is based on Article 137 of Decretal Federal Law No. 14 of 2018, as amended.