The CBUAE imposed a fine of Dh1.82 million on a foreign bank branch for violating consumer protection rules.
The violation involved a failure to issue a customer liability letter within the mandatory seven-day timeframe.
The penalty was enforced under the Federal Decree-Law No. 6 of 2025 regarding financial regulation.
This action is part of the UAE's broader effort to ensure transparency and integrity within the national banking system.