Al license Exchange has lost its license as the UAE Central Bank steps up efforts to clean up the financial sector and enforce strict compliance with regulations. The move came after a thorough review revealed the company wasn’t doing enough to meet anti money laundering UAE standards, a key requirement for staying in business.
According to the Central Bank, Al Nahdi Exchange didn’t have strong enough systems in place to detect and report suspicious transactions. That raised red flags, especially as the country continues to tighten oversight on financial activity. With the licence now revoked, the company can no longer operate or offer any exchange services in the UAE.
Moreover, this move is part of a larger effort to clean up the sector. And to ensure all licensed companies play by the rules. Over the past few months, the UAE Central Bank has also taken similar action against other firms. That includes Dirham Exchange and Sundus Exchange, for similar violations. In some cases, companies have faced hefty fines alongside licence cancellations.
Authorities say the goal is simple. To protect the country’s financial system and align with international standards for anti money laundering UAE compliance. Firms that don’t take these rules seriously risk losing the right to operate.
By revoking the licence of Al Nahdi Exchange, the Central Bank is sending a strong message to the rest of the industry. The UAE is not just raising the bar. It’s enforcing it. As the country strengthens its reputation as a trusted global financial hub, full compliance with anti money laundering UAE laws is no longer optional—it’s a must.
