The Central Bank of the UAE (CBUAE) imposed a financial sanction of 600,000 on a finance company following examinations that 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 Organisation of Financial Institutions and Activities, as amended, and forms part of the CBUAE’s supervisory and regulatory mandate over finance companies and their staff.
Central Bank of the UAE 2025-08-06
Central Bank of the UAE imposes financial sanction of 600,000 on a finance company for market conduct and consumer protection non-compliance
The Central Bank of the UAE imposed a financial sanction of 600,000 AED on a finance company for non-compliance with Market Conduct and Consumer Protection Regulations and Standards. This action, under Article 137 of Decretal Federal Law No. 14 of 2018, aligns with the CBUAE's supervisory mandate over finance companies.