CBUAE revokes exchange house licence, issues hefty fine

The Central Bank of the UAE (CBUAE) has revoked the licence of 'Omda Exchange' and removed its name from the official register.

The regulator also imposed a penalty of AED 10 million after investigations revealed violations of financial laws and regulations.

The CBUAE says these measures are part of efforts to ensure exchange houses comply with UAE laws and maintain transparency and integrity in financial transactions.

The #CentralBankUAE has revoked the licence of “Omda Exchange” operating in the UAE, struck its name off the Register and imposed a financial sanction of AED10 million, pursuant to the Decretal Federal Regarding the Central Bank and Organization of Financial Institutions and…

— Central Bank of the UAE (@centralbankuae) December 23, 2025