The Central Bank of the UAE fined a branch of a foreign bank AED 1.82 million after examinations found it failed to issue a liability letter within the mandated seven-day period, in breach of the CBUAE Market Conduct and Consumer Protection Regulations and Standards.
Central Bank of the UAE2026-07-06
Central Bank of the UAE fines branch of a foreign bank AED 1.82 million for missing seven day liability letter deadline
The Central Bank of the UAE imposed an AED 1.82 million sanction on a branch of a foreign bank operating in the UAE. Examinations found it failed to issue a liability letter within the required seven-day period, breaching the CBUAE Market Conduct and Consumer Protection Regulations and Standards.