Скачать или смотреть The Watchful Eye. How the UAE Central Bank Protects Your Money

Every international transfer rests on trust. People send money believing the system works, rules hold, and oversight remains firm. Rarely does anyone stop to ask who guards this process.

This video examines a real case from the UAE. In late 2023, the Central Bank of the UAE shut down Omda Exchange, a well known remittance provider. The action included licence revocation, removal from the official register, and a financial penalty of AED 10 million. Such measures reflect a clear regulatory stance.

The explanation focuses on why the intervention occurred. Supervisory inspections identified repeated breaches of financial regulations and serious failures in anti money laundering controls. These were not technical errors. They posed risks to the integrity of the financial system and to public confidence.

Attention then shifts to why this matters for everyday users. Strong enforcement improves confidence in licensed providers. It lowers exposure to misuse of funds. It also protects the international standing of the UAE as a regulated financial centre aligned with FATF standards.

The video closes with a broader reflection on regulatory oversight as a permanent function rather than a reactive tool. Financial supervision works quietly in the background, yet its impact reaches every transaction.

Source
Based on the full transcript of “The Watchful Eye” video

The Watchful Eye

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