
Appointment of Faiza Al Awadhi as CEO and Managing Director of the Ombudsman Unit, 'Sanadak'
Abu Dhabi: The Central Bank of the UAE (CBUAE) has announced the appointment of Faiza Al Awadhi as the Chief Executive Officer and Managing Director of 'Sanadak', the first Ombudsman Unit in the Middle East and North Africa.
Ms. Al Awadhi brings over 25 years of experience across the public and private sectors, with a core focus on consumer protection and service quality. She has held several senior leadership positions, including Head of the Market Conduct and Financial Consumer Protection Department, where she played a key role in advancing regulatory and supervisory frameworks. Her previous roles in the UAE's financial sector also include Head of Planning and Operational Support, Vice President of Service Quality Administration and Corporate Communications, in addition to leading branch operations.
Ms. Al Awadhi has served on the Board of Directors of the Ombudsman Unit 'Sanadak' since its establishment. She has also chaired and been an active member of various local, regional, and international working groups and committees, including Chair of the Financial Consumer Protection Taskforce at the UAE Banks Federation, member of the Financial Inclusion Working Group at the Arab Monetary Fund, and member of the G20 Global Partnership for Financial Inclusion. Additionally, she is a member of the International Financial Consumer Protection Organisation (FinCoNet) under the Organisation for Economic Co-operation and Development, and currently chairs the National Working Group for Financial Consumer Protection and Financial Literacy, as part of the UAE's national efforts to enhance financial inclusion and education.
She holds a Master of Laws (LL.M.) in International Business Law from Université Paris-Panthéon-Assas, Paris, along with multiple professional certifications in governance, compliance, leadership, and risk management.
Her appointment reinforces Sanadak's commitment to strengthening its role in ensuring fairness and impartiality in the resolution of banking and insurance disputes in the UAE. It is also aligned with the CBUAE's strategy to promote consumer protection and financial inclusion in the country.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Fintech News ME
9 hours ago
- Fintech News ME
UAE Central Bank Fines Six Exchange Houses AED 12.3 Million Over AML Breaches
The Central Bank of the UAE (CBUAE) has imposed financial penalties totalling AED 12.3 million on six exchange houses operating in the country. These sanctions were issued in accordance with Article (14) of Federal Decree Law No. (20) of 2018 concerning Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and the financing of illegal organisations, along with its subsequent amendments. The penalties followed thorough inspections by the CBUAE, which uncovered multiple breaches of the UAE's AML/CFT regulations. These included failures to adhere to the established compliance framework and related regulatory obligations. While the central bank confirmed that six exchange houses were penalised, it did not disclose their names. As part of its supervisory and regulatory responsibilities, the CBUAE remains committed to ensuring that all licensed exchange houses, along with their proprietors and staff, fully comply with UAE laws and the standards set by the central bank. These efforts aim to uphold the transparency and integrity of financial transactions and protect the broader financial system of the UAE.


Sharjah 24
19 hours ago
- Sharjah 24
CBUAE imposes sanctions of AED12.3 M on exchange houses
Reasons for sanctions The sanctions were enacted based on findings from examinations conducted by the CBUAE. These examinations revealed violations and failures by the six exchange houses to comply with the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) framework and related regulations. CBUAE's commitment to compliance Through its supervisory and regulatory mandates, the CBUAE strives to ensure that all exchange houses, along with their owners and staff, adhere to UAE laws, regulations, and standards. This commitment aims to maintain transparency and integrity in financial transactions and protect the UAE financial system.


Dubai Eye
21 hours ago
- Dubai Eye
Six exchange houses fined AED 12.3 million for regulatory breaches
The Central Bank of the UAE (CBUAE) has imposed financial penalties totalling AED 12.3 million on six exchange houses across the country. The sanctions come after inspections revealed serious breaches of anti-money laundering and counter-terrorism financing regulations. The fines are in line with Federal Decree Law No. 20 of 2018 and reflect ongoing efforts to uphold the integrity of the UAE's financial system. The names of the entities involved have not been disclosed by the authority. CBUAE has emphasised that all exchange houses, their owners and staff must comply with national laws and regulatory standards to ensure transparency. The #CentralBankUAE imposed varying financial sanctions on six exchange houses in the UAE, amounting to AED12,300,000, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations… — Central Bank of the UAE (@centralbankuae) June 10, 2025