In a bold move to safeguard financial integrity, the UAE’s Securities and Commodities Authority (SCA) has imposed a staggering Dh1.15 million in fines on multiple companies for regulatory violations and non-compliance with anti-money laundering (AML) and counter-terrorism financing (CFT) laws. This decisive action reinforces the UAE’s commitment to maintaining transparency, investor protection, and market accountability in its financial sector.
The fines, issued since the start of January 2025, target entities that failed to comply with key financial regulations, including Dh650,000 levied against firms breaching trading and investment rules. Additionally, Dh500,000 in penalties were imposed on companies violating AML/CFT provisions and promoting activities beyond their licensed scope.
The SCA’s CEO, Waleed Saeed Al Awadhi, emphasized that these measures send a clear message—non-compliance will not be tolerated. He highlighted that market integrity and investor trust are paramount, and strict enforcement is necessary to ensure a stable and secure financial ecosystem.
By cracking down on illegal practices, the SCA is aligning with global financial standards, strengthening the UAE’s position as a leading international financial hub. With rapid technological advancements and increased cross-border transactions, authorities are leaving no room for loopholes that could be exploited for financial misconduct.
This move also reaffirms the UAE’s dedication to regulatory excellence, as the country continuously adopts best practices to combat financial crime. The SCA has vowed to maintain strict oversight and implement world-class compliance measures, ensuring firms operate with integrity while fostering an environment of sustainable economic growth.
As global regulatory bodies tighten their grip on financial transparency, the UAE is making it loud and clear—if companies fail to follow the rules, they will pay the price. With more stringent audits and compliance checks expected in the future, businesses must step up their game or face the full force of the law.
