In a major enforcement action, the UAE's Securities and Commodities Authority (SCA) has fined a licensed company AED 5 million and referred it to the Public Prosecution for misleading investors.
The move comes after investigators uncovered serious violations, including breaches of anti-money laundering laws and counter-terrorism financing rules.
The company was found to have misled investors by falsely implying that an overseas partner was licensed by the SCA—an act aimed at misappropriating client funds.
The SCA said the deceptive scheme directly targeted investors in the UAE and undermined market integrity.
The authority has emphasised its ongoing strategy of proactive oversight and risk-based supervision, aligning with global standards to maintain the UAE’s reputation as a trusted financial hub.
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