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UAE Central Bank fines foreign bank Dh1.82 million over customer liability letter delay

Source: Times of India
Category: Business
Region: UAE
Published: July 06, 2026 at 08:22

📝 Summary

A foreign bank branch in the UAE has been fined Dh1.82 million for failing to issue a customer's liability letter within the mandated seven-day period. This penalty underscores the Central Bank of the UAE's commitment to consumer protection and enforcing market conduct regulations. The move highlights the importance of timely financial documentation for customers and signals a stricter regulatory environment for banks operating in the country.

🔗 Read Full Article at Times of India ✨ Extract Article
🏷️ Keywords:
bank central foreign million customer liability letter fines over delay

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