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CBUAE imposes AED 1.82 million fine on foreign bank branch

July 07, 2026 / 1:49 AM
Image for the title: CBUAE imposes AED 1.82 million fine on foreign bank branch
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Sharjah 24: The Central Bank of the United Arab Emirates has decided to impose a penalty of AED 1,820,000 on a branch of a licensed foreign bank in the country, in accordance with Federal Decree-Law No. (6) of 2025 pertaining to the Central Bank and the regulation of financial establishments, activities and insurance business.

The financial penalty was imposed following inspections carried out by the CB, during which revealed the branch’s failure to issue the debt certificate within seven days, a violation of the regulations and standards related to market conduct and consumer protection issued by the Central Bank.

July 07, 2026 / 1:49 AM

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