Latest news with #14
Gulf Today
4 hours ago
- Business
- Gulf Today
UAE Central Bank imposes financial sanction of Dhs600,000 on branch of a foreign bank
The Central Bank of the UAE (CBUAE) imposed a financial sanction of Dhs600,000 on a branch of a foreign bank operating in the UAE, pursuant to Article (137) of the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank and Organisation of Financial Institutions and Activities, and its amendments. The financial sanction is based on the results of the findings of examinations conducted by the CBUAE, which revealed that the branch of the foreign bank had failed to comply with the Market Conduct and Consumer Protection Regulations and Standards. The CBUAE, through its supervisory and regulatory mandates, works to ensure that all Banks and their staff, abide by the UAE laws, regulations and standards adopted by the CBUAE to safeguard the transparency and integrity of the banking sector and the UAE financial system. WAM
Gulf Insider
6 hours ago
- Business
- Gulf Insider
UAE Central Bank Fines Foreign Bank Branch Dh600,000 For Breaching Market Conduct Rules
The Central Bank of the UAE (CBUAE) has imposed a financial penalty of Dh600,000 on a branch of a foreign bank operating in the country, following regulatory violations. The sanction was issued under Article 137 of Decretal Federal Law No. (14) of 2018, which governs the Central Bank and the regulation of financial institutions in the UAE. According to the CBUAE, the decision followed a supervisory examination that found the bank branch had failed to comply with the UAE's Market Conduct and Consumer Protection Regulations and Standards. The Central Bank emphasised that such enforcement action aligns with its broader mandate to uphold transparency and integrity within the local banking system. 'The CBUAE works to ensure that all banks and their staff adhere to UAE laws and regulations to protect the financial system and consumers,' the regulator said in a statement issued on Wednesday, July 16. While the name of the foreign bank has not been publicly disclosed, the fine reflects the CBUAE's continued focus on compliance and accountability within the UAE's financial sector. The penalty is part of the regulator's ongoing efforts to monitor market conduct and ensure that institutions meet high standards of consumer protection and responsible banking practices.
Al Etihad
9 hours ago
- Business
- Al Etihad
UAE Central Bank fines foreign bank branch Dh600,000
16 July 2025 16:51 ABU DHABI (WAM)The Central Bank of the UAE (CBUAE) imposed a financial sanction of Dh600,000 on a branch of a foreign bank operating in the UAE, pursuant to Article (137) of the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank and Organisation of Financial Institutions and Activities, and its financial sanction is based on the results of the findings of examinations conducted by the CBUAE, which revealed that the branch of the foreign bank had failed to comply with the Market Conduct and Consumer Protection Regulations and Standards. The CBUAE, through its supervisory and regulatory mandates, works to ensure that all Banks and their staff, abide by the UAE laws, regulations and standards adopted by the CBUAE to safeguard the transparency and integrity of the banking sector and the UAE financial system.
Zawya
11 hours ago
- Business
- Zawya
CBUAE imposes a financial sanction on a branch of a foreign bank
Abu Dhabi: The Central Bank of the UAE (CBUAE) imposed a financial sanction of 600,000 on a branch of a foreign bank operating in the UAE, pursuant to Article )137) of the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank and Organisation of Financial Institutions and Activities, and its amendments. The financial sanction is based on the results of the findings of examinations conducted by the CBUAE, which revealed that the branch of the foreign bank had failed to comply with the Market Conduct and Consumer Protection Regulations and Standards. The CBUAE, through its supervisory and regulatory mandates, works to ensure that all Banks and their staff, abide by the UAE laws, regulations and standards adopted by the CBUAE to safeguard the transparency and integrity of the banking sector and the UAE financial system.
Time of India
14 hours ago
- Sport
- Time of India
Formula E Berlin Round 14 – 60‑Second Blitz!
/ Jul 16, 2025, 01:34PM IST Relive the thrill of Formula E Round 14 in Berlin in just one minute! From Nick Cassidy's surge to victory, to Oliver Rowland sealing his Season 11 world championship, this quick recap packs it all. Expect wet‑weather drama, daring overtakes, and that electric rush exclusive to Tempelhof. Grab a coffee, hit play, and feel the race's heartbeat in 60 seconds!
