CBUAE imposes AED1,820,000 sanction on foreign bank branch in UAE
The Central Bank of the UAE (CBUAE) has imposed a financial sanction of AED1,820,000 on a branch of a foreign bank licensed to operate in the UAE. The measure was announced from Abu Dhabi on 6 July 2026 and cited Federal Decree-Law No. (6) of 2025 governing the Central Bank, financial institutions, activities, and insurance business. According to the CBUAE, the sanction followed examinations that found the branch failed to issue a liability letter within the required seven-day period. The regulator said this constituted a breach of its Market Conduct and Consumer Protection Regulations and Standards. The central bank said... [Continue Reading]
Breaking-360LiveNews | 06 Jul 2026 08:30 LONDON
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