Central Bank Strips Malik Exchange of Licence, Slaps AED 2 Million Fine
Abu Dhabi’s financial regulator has delivered a decisive blow to Malik Exchange, revoking its licence and striking the company off the official register. Alongside the shutdown comes a hefty AED 2 million financial penalty. The move follows a deep-dive examination by the Central Bank of the UAE (CBUAE), which uncovered a series of violations tied …
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