The Central Bank of the UAE has fined an unnamed finance company Dh600,000 for breaching market conduct and consumer protection rules.
The penalty was issued under Article 137 of Federal Decretal Law No. 14 of 2018, which governs the regulation of financial institutions and their activities in the country.
The central bank said the decision followed inspections that found the company failed to meet regulatory standards related to market conduct and consumer protection.
The CBUAE did not name the company or disclose further details of the violations but said the action is part of its mandate to enforce compliance across the financial sector.
The regulator has stepped up enforcement in recent months, aligning with broader efforts to enhance governance and risk controls across licensed entities. Earlier this year, the central bank imposed fines on several exchange houses and banks for compliance failures tied to anti-money laundering and consumer protection breaches.
