Latest News Today: Top Headlines & Breaking News from Around the World – Updated Daily
Stay Updated with the Latest Breaking News: Politics, Business, Lifestyle, Entertainment & Sports from Around the World
UAE banking rules tighten as foreign bank faces Dh1.82 million penalty / Image – file The Central Bank of the UAE (CBUAE) has imposed a Dh1.82 million financial penalty on a branch of a foreign bank operating in the country after finding that it failed to issue a customer’s liability letter within the legally required…
Foreign bank fined AED20 million in UAE. The Central Bank of the UAE (CBUAE) has levied an AED20 million fine on a branch of a foreign bank following regulatory findings related to weaknesses in its compliance systems.In a statement, the regulator said the action followed examinations that found significant and repeated failures in the bank’s…
UAE tightens grip on regulated crypto economy with Crypto.com deal / Image: file The UAE has taken another major step toward becoming a global digital finance hub after Crypto.com became the first cryptocurrency platform to receive a Stored Value Facilities (SVF) licence from the Central Bank of the UAE.The licence was granted to the company’s…
