Latest news with #ExchangeHouse
Irish Examiner
04-08-2025
- Health
- Irish Examiner
€2m fund for counselling to boost men's mental health
More than 15,000 counselling sessions will be offered to men annually as part of a new government initiative to improve men's mental health. A total of €2m in funding has been announced by mental health minister Mary Butler to provide therapies and counselling supports specifically tailored for men. The additional services will begin next month. The funding is targeted at assisting with stigma reduction and actively encouraging men who otherwise would not usually avail of counselling to seek help with their mental health. Ms Butler said: 'This is a much-needed initiative to widen access to supports for men, from mental health promotion activities right through to counselling services and specialist support. These new supports will be made available to every GP in the country for direct signposting to men during consultations. 'They will also be available directly to men through our HSE helpline and online and promoted in a targeted national marketing campaign beginning from September.' The initiative will support men by: Investing in new counselling and mental health supports, providing easier access to supports and greater choice for how men access them and when; Actively promoting the full range of mental health supports which can be accessed by men; Actively evaluating the impact of increased promotion of help-seeking supports for men. Ms Butler added: 'It is well documented that women are much more likely to seek access to counselling services than men, with women making up two-thirds of all clients availing of our national counselling service. 'Yet given that around 80% of all people who die by suicide are men, this imbalance is something we need to address, and this initiative aims to do just that. 'It is essential that men feel they can reach out to access the services and support they need and deserve, or simply equip them with the confidence to talk to family and friends.' Funding is also being provided to specifically enhance mental health supports for young Traveller men through a partnership with Exchange House, as well as to support general population mental health promotion initiatives, including the Minding Your Wellbeing for Men programme. Ms Butler said: 'We have to remove the stigma for men when talking about mental health and provide therapies and counselling supports that are easy to access.'
Zawya
31-07-2025
- Business
- Zawya
CBUAE revokes licence of Gomti Exchange
Abu Dhabi: The Central Bank of the UAE (CBUAE) has revoked the licence of Gomti Exchange, an Exchange House operating in the UAE, and struck its name off the Register, 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 licence revocation was imposed based on the results of the findings of examinations conducted by the CBUAE, which revealed that the Exchange House had significant failures to comply with the Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations and Sanctions framework. The CBUAE, through its supervisory and regulatory mandates, endeavours to ensure that all exchange houses, their owners, and staff comply with the UAE laws, regulations and standards established by the CBUAE to maintain transparency and integrity of the exchange houses industry and safeguard the UAE financial ecosystem.
Zawya
30-07-2025
- Business
- Zawya
CBUAE revokes licence of Al Nahdi Exchange
Abu Dhabi: The Central Bank of the UAE (CBUAE) has revoked the licence of Al Nahdi Exchange, an Exchange House operating in the UAE, and struck its name off the Register, pursuant to Article (137) of the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank and Organization of Financial Institutions and Activities, and its amendments. The licence revocation was imposed based on the results of the findings of examinations conducted by the CBUAE, which revealed that the Exchange House had significant failures to comply with the Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations and Sanctions framework. The CBUAE, through its supervisory and regulatory mandates, endeavours to ensure that all exchange houses, their owners, and staff comply with the UAE laws, regulations and standards established by the CBUAE to maintain transparency and integrity of the exchange houses industry and safeguard the UAE financial ecosystem.
Khaleej Times
30-07-2025
- Business
- Khaleej Times
UAE Central Bank revokes licence of Al Nahdi Exchange
The Central Bank of the UAE (CBUAE) has revoked the licence of Al Nahdi Exchange, an Exchange House operating in the UAE, and struck its name off the Register, 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 licence revocation was based on the CBUAE's examination findings, which revealed significant failures by the Exchange House to comply with the Anti-Money Laundering, Combating the Financing of Terrorism and Illegal Organisations, and Sanctions framework. The CBUAE, through its supervisory and regulatory mandates, endeavours to ensure that all exchange houses, their owners, and staff comply with the UAE laws, regulations and standards established by the CBUAE to maintain transparency and integrity of the exchange houses industry and safeguard the UAE financial ecosystem.
The National
02-06-2025
- Business
- The National
UAE Central Bank fines exchange house Dh3.5m for failure to comply with anti-money laundering law
The UAE Central Bank imposed a fine of Dh3.5 million ($953 million) on an exchange house for failing to comply with the country's law on anti-money laundering and counter-terrorism financing (AML/CFT), as it continues its crackdown on financial crimes. The Central Bank said on Monday that it assessed the findings of an examination that revealed offences by the exchange house, which was not named. It has been cracking down on regulatory non-compliance in recent weeks. Last week, it imposed a Dh100 million fine on an exchange house for 'significant failures' in its AML/CFT framework and related regulations. The regulator last month also fined an exchange house Dh200 million for the same offence. A Dh500,000 fine was also imposed on a branch manager, who was banned from working in any licensed financial institutions in the UAE. The Central Bank also fined two branches of foreign banks operating in the country a total of Dh18.1 million last week for breaching anti-money laundering regulations. 'The UAE Central Bank, through its supervisory and regulatory mandates, endeavours to ensure that all exchange houses, their owners, and staff abide by the UAE laws, regulations and standards … to maintain transparency and integrity of the financial transactions and safeguard the UAE financial system,' it said. The UAE has introduced a series of initiatives to regulate the country's financial sector and has passed strict laws to prevent money laundering and the financing of terrorism. The Central Bank unveiled AML/CFT guidelines in 2023 for licensed financial institutions – including banks, finance companies, exchange houses, insurance companies, agents and brokers. The guidelines focus on the use of digital identification systems by licensed financial institutions to address customers' due diligence obligations. Last year, the UAE also announced an action plan to boost its fight against illicit financial activity, introducing the 2024-2027 National Strategy for Anti-Money Laundering, Countering the Financing of Terrorism and Proliferation Financing. The strategy has 11 goals outlining the 'legislative and regulatory reforms the UAE is taking to prevent the impact of illegal activities on society'. It was developed by the General Secretariat of the National Committee using World Bank Group methodology to ensure it meets international standards. In August, the government amended its laws against money laundering and the financing of terrorism and crime groups and formed a national committee on these crimes. In 2021, the UAE also established the Executive Office of Anti-Money Laundering and Counter-Terrorism Financing, an agency to deal with money launderers, as well as organisations and people suspected of financing terrorists and organised crime.
