SCA Imposes AED 1.15 Million In Fines To Uphold Financial Market Integrity In UAE

The Securities and Commodities Authority (SCA) has imposed significant penalties on various companies for breaching regulations and failing to comply with anti-money laundering and counter-terrorism financing (AML/CFT) rules. Since January 2025, these penalties have amounted to AED1.15 million. Of this, approximately AED 650,000 in fines were directed at companies and investors for regulatory breaches, while an additional AED500,000 targeted firms not adhering to AML/CFT guidelines.

Waleed Saeed Al Awadhi, CEO of the SCA, stated: "These actions reaffirm the SCA's commitment to safeguarding the integrity of financial markets in the UAE through a strict regulatory framework that ensures accountability, transparency, and compliance. By taking firm action against illegal conduct, we send a clear message that the SCA will not tolerate non-compliance. These measures are crucial for protecting investors, while maintaining the integrity of financial markets in the country."

The SCA's stringent measures highlight its dedication to upholding investor rights and maintaining the integrity of financial markets in the UAE. By enforcing a robust regulatory framework, the authority aims to promote accountability and transparency. This approach is designed to create a secure investment environment that aligns with global standards and best practices.

Al Awadhi emphasised that the SCA remains committed to enhancing transparency and investor protection. The authority continues its regulatory efforts to uphold high standards of integrity within the financial sector. This strategy ensures that all companies adhere to ethical conduct and compliance standards.

The SCA enforces a world-class regulatory framework on companies operating within UAE financial markets. It plans to maintain strict measures while offering clear guidance to enhance investor protection. This approach aims to ensure market integrity and reinforce the UAE's status as a leading global financial centre.

Through these actions, the SCA sends a strong message against non-compliance. The authority's efforts are crucial for safeguarding investors while preserving market integrity across the nation.

With inputs from WAM