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UAE central bank revokes Omda Exchange's license, fines it $2.7M for breaking financial rules.
The UAE’s Central Bank has revoked Omda Exchange’s licence, removed it from the official register, and fined it AED10 million for violating financial laws and regulations.
The penalties follow CBUAE examinations that found non-compliance with the Central Bank Law and related rules.
The move underscores the central bank’s commitment to enforcing financial regulations, ensuring transparency, and maintaining the integrity and stability of the UAE’s financial system.
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El banco central de los Emiratos Árabes Unidos revocó la licencia de Omda Exchange y le impuso una multa de $2.7M por violar las reglas financieras.