UAE Central Bank Fines Foreign Bank Dh1.82 Million for Delay

Jul 6, 2026

45 min

Jul 6, 2026 07:31

UAE fines foreign bank Dh1.82 million over liability letter delay

## Fine Imposed for Liability Letter Delay

The Central Bank of the UAE has fined a foreign bank branch Dh1.82 million. The penalty was due to the branch's failure to issue a liability letter within the required seven-day period. This action was taken under Federal Decree-Law No. 6 of 2025, which governs financial institutions and activities in the UAE.

## Consumer Protection Regulations

The delay in issuing the liability letter was found to be in violation of the UAE's Market Conduct and Consumer Protection Regulations. These regulations are designed to ensure transparency and integrity in the banking sector, protecting consumer rights and maintaining trust in the financial system.

## Regulatory Compliance

The Central Bank emphasized that the fine is part of its mandate to ensure compliance with UAE laws by banks and their employees. The identity of the foreign bank branch involved was not disclosed in the Central Bank's statement.

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