Notifications

Accessibility settings

Text size

A-

A+

Theme color

Color blind mode

Night reading mode

Rate this page

Rated by 0 People

Thanks for rating

Microsoft.AspNetCore.Mvc.ViewFeatures.HtmlHelper`1[System.Object]
Please provide a valid value for Name
Please provide a valid value for Phone number
Please provide a valid value for Subject
Please provide a valid value for Message

Back

Enforcement

On this Page

Overview

Common Reporting Standard (OECD CRS) Enforcement Procedures for Account Holders

Enforcement Mandate and Policy

Administrative and financial sanctions under the Central Bank Law and the Anti-Money Laundering and Combating Financing of Terrorism Law

FAQs
The Enforcement Department’s core functions are to support the strategic objectives of the Central Bank of the UAE through a disciplined twofold approach: protection and deterrence.

Protection includes removing individuals from designated functions to make sure they are no longer a threat to the interests of depositors and policyholders, the UAE's financial system or to the CBUAE.  

Deterrence includes imposing administrative and/or financial sanctions to make sure others are deterred from committing violations, because they will see that there are consequences.

 

Download the Enforcement Policy 

 

The Grievances and Appeals Committee (GAC) has exclusive jurisdiction to hear grievances and appeals concerning decisions  regarding licensing and authorization of individuals, licensing and identification of financial infrastructure systems and decisions on the imposition of administrative and financial sanctions issued by the Central Bank in accordance with the provisions of Federal Decree-Law No. 14 of 2018 concerning the Central Bank and the organization of financial institutions and activities.

 

Download the GAC Manual

 

The Grievances Resolution Committee to Appeal the Decisions and Administrative Measures Issued Pursuant to Insurance Law has exclusive jurisdiction to decide on grievances against decisions issued by the Central Bank pursuant to Federal Decree-Law No. (48) of 2023 Regulating Insurance Activities. Concerned parties may submit their grievances to the Committee via email: [email protected], in accordance with the procedures, rules, and conditions set out in the decision concerning the formation and procedures of the committee.

 

Download Board of Director's Decision No (8/1/2024)

The Department’s services include the following:

To impose administrative and/or financial sanctions and penalties on financial institutions and/or authorised persons.

To exchange information and collaborate with other financial regulators, supervisors and law enforcement agencies within and outside the UAE.

Common Reporting Standard (OECD CRS) Enforcement Procedures for Account Holders

The UAE Cabinet Resolution No. (93) of 2021 specifies that a fine of AED 20,000 shall be imposed on any Account Holder or Controlling Person if they fail to timely submit accurate KYC self-certification to their bank, finance company or insurance company. The Central Bank has decided to assign those licensed institutions to collect the fines.

Download the Notice

Enforcement Mandate and Policy

The Enforcement Department was established in 2018 with a mandate to support the CBUAE’s strategic objectives and enhance the regulatory and supervisory framework for Licensed Financial Institutions.



The Enforcement Department evaluates internal referrals and information from financial institutions and individuals to identify violations. The Department also proposes enforcement action, where appropriate.



The Enforcement Department exchanges information and collaborates with other financial regulators, supervisors and law enforcement agencies within and outside the UAE. The Department also works closely with the UAE’s Financial Intelligence Unit.

This is achieved by ensuring:

  • Financial stability and the integrity of the financial system.

  • Market conduct and consumer protection.  

  • Shari’ah compliance.

Administrative and financial sanctions under the Central Bank Law and the Anti-Money Laundering and Combating Financing of Terrorism Law

The CBUAE applies a methodical and consistent approach to imposing sanctions. This approach takes internal standards and regulations into account. On the one hand, this leads to standardisation and predictability of sanctions and on the other hand, sanctions will be tailored if the circumstances require it.

Download the Overview

FAQs

The CBUAE’s departments refer cases internally to the Enforcement Department. 

At its discretion and subject to the enforcement policy, the enforcement decision may be publicised.    

The Central Bank Law and Anti Money Laundering Law both have provisions for financial institutions, or for an individual related to a financial institution, to submit a grievance or appeal.  

The applicable laws and regulations can be found here.  

In most cases, the financial institution and/or the individual related to it has the opportunity to make representations.   

Last updated on: Tuesday 24 February 2026

Total visitors 24827

Microsoft.AspNetCore.Mvc.ViewFeatures.HtmlHelper`1[System.Object]
Microsoft.AspNetCore.Mvc.ViewFeatures.HtmlHelper`1[System.Object]
var currentContentAlias = Umbraco.AssignedContentItem?.ContentType.Alias; if (!string.Equals(currentContentAlias, "openData", StringComparison.OrdinalIgnoreCase)) { }