SCA fines non-compliant firms AED 1.15M to boost financial market integrity

Post by: Bandan Preet

Photo: WAM

The Securities and Commodities Authority (SCA) has taken strict action against several companies that failed to follow financial regulations and anti-money laundering rules. These companies were found to be non-compliant with laws designed to prevent illegal financial activities, including money laundering and terrorism financing.

Since the beginning of January 2025, the SCA has imposed financial penalties totaling AED 1.15 million. Out of this amount, approximately AED 650,000 in fines was issued to companies and investors who broke financial market regulations. Another AED 500,000 in penalties was placed on firms that failed to meet anti-money laundering and counter-terrorism financing (AML/CFT) guidelines or engaged in activities beyond what their SCA licenses allowed.

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These penalties highlight the SCA’s strong commitment to maintaining fairness, security, and transparency in the UAE’s financial markets. The authority wants to ensure that investors are protected and that all companies follow proper financial practices. By enforcing strict regulations, the SCA is working to create a stable and trustworthy investment environment that meets international standards.

Waleed Saeed Al Awadhi, CEO of the SCA, stated: “Our goal is to protect the financial markets by making sure companies follow the rules. We are sending a clear message that we will not tolerate violations. These measures are necessary to protect investors and maintain the credibility of the UAE’s financial system.”

He further explained that the SCA will continue working towards increasing transparency in the market and ensuring that businesses operate with integrity. The organization remains committed to enforcing regulations that promote ethical conduct and compliance with financial laws.

The SCA follows a world-class regulatory system that applies to all companies involved in the UAE’s financial markets. It will continue to take strong actions against those who do not follow the rules while also providing clear guidelines to help businesses operate lawfully. These efforts aim to strengthen investor confidence and reinforce the UAE’s position as a top global financial hub.

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