The Central Bank of the UAE

UAE central bank clamps down on errant exchange houses

Issue 1165 - 13 Mar 2023 | 1 minute read

The Central Bank of the UAE said it revoked the licence of Dubai-based exchange house Dollar Exchange due to "serious regulatory misconduct by the exchange house". Before that, it said it had taken similar action against Al-Rasheed exchange house, which had engaged in "serious AML malpractice".

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