June 26, 2025
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UAE Central Bank fines UAE based bank Dh3.5m, halts new accounts over Sharia, AML breaches

  • June 25, 2025
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The UAE Central Bank has fined a UAE-based bank Dh3.5 million and banned it from accepting new customers for six months due to violations of Sharia governance requirements. The action follows regulatory inspections and was issued under Federal Law No. (14) of 2018. The Central Bank reiterated its commitment to ensuring transparency and integrity across the financial sector.