The Central Bank of the UAE (CBUAE) has officially revoked Gomti Exchange’s licence and removed the company from its register. This decision was made in accordance with Article (137) of Decretal Federal Law No. (14) of 2018 concerning the Central Bank and the Regulation of Financial Institutions and Activities, along with its amendments.
The revocation followed examinations conducted by the CBUAE, which revealed that Gomti Exchange had committed major breaches of the UAE’s framework for Anti-Money Laundering, Combating the Financing of Terrorism and Illegal Organisations, and compliance with sanctions.
Through its regulatory and supervisory role, the CBUAE works to ensure that all exchange houses, their proprietors, and staff adhere to UAE laws and the standards set by the Central Bank. This effort aims to preserve transparency and integrity in the exchange sector and protect the country’s financial system.
