The UAE’s Securities and Commodities Authority (SCA) has levied fines totalling Dh1.15 million since January 2025 against several companies for regulatory violations, including non-compliance with anti-money laundering and counter-terrorism financing (AML/CFT) rules.
The penalties comprise approximately Dh650,000 for breaches of various financial regulations and an additional Dh500,000 for failures to adhere to AML/CFT provisions and for promoting activities beyond the scope of SCA-granted licences.
“These actions reaffirm the SCA’s commitment to safeguarding the integrity of financial markets in the UAE through a strict regulatory framework that ensures accountability, transparency, and compliance,” said Waleed Saeed Al Awadhi, CEO of the SCA. “By taking firm action against illegal conduct, we send a clear message that the SCA will not tolerate non-compliance. These measures are crucial for protecting investors, while maintaining the integrity of financial markets in the country.”
The SCA continues to enforce a robust regulatory framework to enhance transparency, protect investors, and uphold the highest standards of integrity within the UAE’s financial sector.
