The Ministry of Economy and Tourism said on Thursday that more than Dh42 million in administrative penalties were imposed in the first half of 2025 as a result of inspections targeting private sector enterprises that failed to comply with anti-money laundering (AML) legislation. A total of 1,063 infractions were reported in non-financial firms and professions, including those involved in precious metals and gemstone dealing, real estate brokerage, corporate service providers, and accounting.
Of the total, 473 infractions were found in the precious metals and gemstones industry, resulting in fines of Dh20 million. Real estate brokers faced 495 breaches totaling roughly Dh18.5 million. Another 95 violations, totaling more than Dh4 million, were discovered among corporate service providers and auditors.
According to the Ministry of Economy and Tourism, the fines are part of continuous efforts to tighten regulatory monitoring and encourage businesses to comply with the country’s anti-money laundering regulations.
“These results reflect how much progress we’ve made in upgrading our inspection system to ensure stronger compliance with financial crime legislation,” stated Safia Hashem Al Safi, Assistant Undersecretary for Commercial Control and Governance.
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