The branch of a foreign bank operating in the UAE has been fined AED 600,000 for failing to comply with market conduct and consumer protection regulations.
The penalty follows an inspection by the Central Bank, which found violations of UAE banking standards.
The action was taken under Article 137 of the Federal Law No. 14 of 2018, governing financial institutions.
Authorities say the move is part of ongoing efforts to uphold transparency and integrity across the country’s financial sector.
Debris incident kills one in Al Barsha
Dubai authorities have confirmed that debris from an aerial interception fell onto a vehicle in the Al Barsha area, resulting in the death of a driver.
UAE sends alert as air forces respond to missile, drone threats
The UAE's Ministry of Defence has announced on Saturday night that it is currently responding to missile and drone threats.
H.H. Sheikh Mohamed promises UAE will 'emerge stronger than before'
President His Highness Sheikh Mohamed bin Zayed Al Nahyan said the UAE will "emerge stronger than before", affirming that the safety and security of citizens, residents, and visitors remain a top priority.
Dubai authorities handle minor incident at Dubai Marina
Dubai authorities have announced their response to an incident at a tower in Dubai Marina that occurred due to fallen debris on the building's facade as a result of a successful aerial interception.
Dubai authorities have confirmed that debris from an aerial interception fell onto a vehicle in the Al Barsha area, resulting in the death of a driver.
The UAE's Ministry of Defence has announced on Saturday night that it is currently responding to missile and drone threats.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan said the UAE will "emerge stronger than before", affirming that the safety and security of citizens, residents, and visitors remain a top priority.
