Page 229 - MOET ENGLISH PR REPORT - JULY 2025

UAE: Over Dh42 million in fines slapped on private

firms in money laundering checks

Of the total, 473 violations were detected in the precious metals and gemstones sector, leading to
fines worth Dh20 million

Published: Thu 24 Jul 2025, 10:41 AM

Updated: Thu 24 Jul 2025, 10:58 AM

• By:

• Waad Barakat

More than Dh42 million in administrative fines have been issued during the first half of 2025
following inspections targeting private sector firms that failed to comply with anti-money
laundering (AML) regulations, the Ministry of Economy and Tourism stated on Thursday.

A total of 1,063 violations were recorded across non-financial businesses and professions,
including precious metals and gemstones trading, real estate brokerage, corporate service
providers, and auditors.

31 Dec, 2023

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Of the total, 473 violations were detected in the precious metals and gemstones sector, leading to
fines worth Dh20 million. Real estate brokers faced 495 violations amounting to nearly Dh18.5

https://www.khaleejtimes.com/business/uae-dh42-million-in-fines-to-private-sector-firms-under-
anti-money-laundering-laws