{"id":53682,"date":"2023-05-16T14:49:40","date_gmt":"2023-05-16T10:49:40","guid":{"rendered":"https:\/\/www.uaebarq.ae\/en\/?p=53682"},"modified":"2023-05-16T14:49:42","modified_gmt":"2023-05-16T10:49:42","slug":"cbuae-imposes-administrative-sanctions-on-8-banks-operating-in-the-uae","status":"publish","type":"post","link":"https:\/\/www.uaebarq.ae\/en\/2023\/05\/16\/cbuae-imposes-administrative-sanctions-on-8-banks-operating-in-the-uae\/","title":{"rendered":"CBUAE imposes administrative sanctions on 8 banks operating in the UAE"},"content":{"rendered":"\n<p>The Central Bank of the UAE (CBUAE)\nimposed administrative sanctions on eight banks operating in the UAE, pursuant\nto Article 137 of the Decretal Federal Law No. (14) of 2018 Regarding the\nCentral Bank &amp; Organisation of Financial Institutions and Activities, and\nthe Central Bank notices regarding the beneficiaries of the Nationals Defaulted\nDebts Settlement Fund (NDDSF) facilities.<\/p>\n\n\n\n<p>The administrative sanctions take\ninto account the banks\u2019 failures to comply with the CBUAE\u2019s instructions not to\ngrant any loans or credit facilities to the beneficiaries of loans granted by\nthe NDDSF, including credit cards. <\/p>\n\n\n\n<p>The CBUAE, through its supervisory\nand regulatory mandates, works to ensure that all licensed financial\ninstitutions operating in the country, including banks, abide by the UAE laws,\nregulations and standards adopted by the CBUAE, to safeguard the transparency\nand integrity of the banks\u2019 business and enhancing the efficiency of the UAE\nfinancial system<strong>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of the UAE (CBUAE) imposed administrative sanctions on eight banks operating in the UAE, pursuant to Article 137 of the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank &amp; Organisation of Financial Institutions and Activities, and the Central Bank notices regarding the beneficiaries of the Nationals Defaulted Debts Settlement &hellip;<\/p>\n","protected":false},"author":5,"featured_media":42982,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53682","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/53682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=53682"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/53682\/revisions"}],"predecessor-version":[{"id":53683,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/53682\/revisions\/53683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/42982"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=53682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=53682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=53682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}