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7/29/25, 11:42 AM UAE: Private Companies Fined Over Dh42 Million For Money Laundering Latest Business News, Trending Topics & Journeys | BM…

UAE: Private Companies Fined

Over Dh42 Million for Money

Laundering

EDITOR JULY 24, 2025

The Ministry of Economy and Tourism said on Thursday that more than Dh42 million in
administrative penalties were imposed in the first half of 2025 as a result of inspections
targeting private sector enterprises that failed to comply with anti-money laundering (AML)
legislation. A total of 1,063 infractions were reported in non-financial firms and professions,
including those involved in precious metals and gemstone dealing, real estate brokerage,
corporate service providers, and accounting.

Of the total, 473 infractions were found in the precious metals and gemstones industry,
resulting in fines of Dh20 million. Real estate brokers faced 495 breaches totaling roughly
Dh18.5 million. Another 95 violations, totaling more than Dh4 million, were discovered
among corporate service providers and auditors.

According to the Ministry of Economy and Tourism, the fines are part of continuous efforts
to tighten regulatory monitoring and encourage businesses to comply with the country’s
anti-money laundering regulations.

“These results reflect how much progress we’ve made in upgrading our inspection system
to ensure stronger compliance with financial crime legislation,” stated Safia Hashem Al
Safi, Assistant Undersecretary for Commercial Control and Governance.

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