The Central Bank of the UAE has revoked the licence of Gomti Exchange, an exchange house operating in the UAE, and struck its name off the Register. The action was taken pursuant to Article (137) of Decretal Federal Law No. (14) of 2018 regarding the Central Bank and Organisation of Financial Institutions and Activities and its amendments, following CBUAE examinations that identified significant failures to comply with the Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations and Sanctions framework. The CBUAE reiterated that exchange houses, their owners and staff are expected to comply with UAE laws and CBUAE regulations and standards.
Central Bank of the UAE 2025-07-31
Central Bank of the UAE revokes Gomti Exchange’s licence for significant AML/CFT and sanctions compliance failures
The Central Bank of the UAE has revoked the licence of Gomti Exchange and removed it from the Register due to significant non-compliance with Anti-Money Laundering and Combating the Financing of Terrorism regulations. This enforcement action follows examinations under Article (137) of Decretal Federal Law No. (14) of 2018. The CBUAE emphasized the obligation of exchange houses to adhere to UAE laws and CBUAE standards.