The UAE central bank said on Friday it fined a local bank $1.6m (Dhs5.8m) for failing to sufficiently address money laundering and financing of terrorism and other related deficiencies.

Dubai: The Central Bank of the UAE (CBUAE) has imposed financial penalties totaling Dh12.3 million on six exchange houses in the country for breaching anti-money laundering (AML) regulations.

Dubai: Gang sending fake links to steal bank details, scam residents arrested The cybercriminals would impersonate popular restaurants, delivery companies, and offer promotional deals ...

Dubai Police have arrested an Asian man using 'magic ink' to provide fake bank loans to victims. The fraudster conned individuals into believing he could assist them in obtaining bank loans in ...

Middle East News: Discover how an Asian man in Dubai used 'magic ink' to perpetrate a bank loan scam, creating fraudulent documents and swindling victims. Learn the techniques he employed and how ...

How UAE Central Bank helps you get compensation New guidelines explain how to claim full or partial compensation for damaged currency Last updated: June 08, 2025 | 15:56 Khitam Al Amir, Chief News ...

First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has become a Direct Participant (DP) of the Cross-border Interbank Payment ...

The Central Bank of the UAE (CBUAE) imposed varying financial sanctions on six exchange houses in the UAE, amounting to Dhs12,300,000, pursuant to Article (14) of the Federal Decree Law No. (20) of ...

The Central Bank of the UAE (CBUAE) thas announced its decision to maintain the base rate applicable to its overnight deposit facility (ODF) at 4.40 per cent. This move follows the US Federal ...

Based in Dubai, Farzad will join the bank on 1 July (subject to regulatory approval), reporting to Annabelle Bryde, Barclays’ Head of Private Bank International.

The UAE Central Bank has fined a UAE-based bank Dh3.5 million and banned it from accepting new customers for six months due ...

Nasdaq Dubai today welcomed the listing of a US$500 million Additional Tier 1 (AT1) Sukuk issued by Sharjah Islamic Bank (SIB). The perpetual, non-call six-year AT1 Capital Certificates were issued by ...