The Central Bank of the UAE (CBUAE) has imposed a fine of AED 1.05 million on an exchange house for violating rules.
According to the national news agency WAM, the exchange house carried out transactions in unlicensed premises.
It also violated rules around using an "approved cash-in-transit agent when transporting cash" and had delayed reporting the violations to the CBUAE.
It's part of efforts by the authorities to ensure "all exchange houses, owners and staff abide by the UAE laws" that's set "to safeguard the transparency and integrity of the exchange houses’ business and the UAE financial system".
UAE President, France's Macron discuss regional developments during G7 Summit
Another aid aircraft for Gaza departs UAE
ജി7 ഉച്ചകോടിയിൽ പങ്കെടുക്കാൻ യുഎഇ പ്രസിഡന്റ് ഫ്രാൻസിൽ
അറബ് റീഡിങ് ചലഞ്ചിൽ റെക്കോർഡ് പങ്കാളിത്തം; ഈജിപ്തിന് ഷെയ്ഖ് മുഹമ്മദിന്റെ അഭിനന്ദനം
Dubai Ruler praises record Egyptian readers in Arab challenge
UAE leaders mark Hijri New Year with messages of optimism and prosperity
ഹത്തയിലെ മലനിരകളിൽ കുടുങ്ങിയ ഹൈക്കറെ രക്ഷപ്പെടുത്തി ദുബായ് പോലീസ്
Global coalition condemns May attack near UAE’s Barakah nuclear plant
