The UAE Securities & Commodities Authority (SCA) imposed fines totalling AED 1.15 million on companies and investors for non-compliance with anti-money-laundering and counter-terrorism financing (AML/CFT) rules and other regulatory requirements. The penalties included approximately AED 650,000 for breaches of SCA rules and AED 500,000 for failures to comply with AML/CFT provisions. The SCA signalled continued enforcement action and urged market participants to meet regulatory requirements to support ethical conduct and investor confidence.
UAE Securities & Commodities Authority 2025-02-25
UAE Securities & Commodities Authority fines companies and investors AED 1.15 million for AML CFT and regulatory breaches
The UAE Securities & Commodities Authority imposed fines totaling AED 1.15 million on companies and investors for non-compliance with anti-money-laundering and counter-terrorism financing rules and other regulatory requirements. Penalties included AED 650,000 for breaches of SCA rules and AED 500,000 for AML/CFT failures. The SCA emphasized ongoing enforcement and urged adherence to regulations to uphold ethical conduct and investor confidence.