CBUAE revokes licence of Muthoot Exchange
ABU DHABI, 22nd August, 2024 (WAM) -- The Central Bank of the UAE (CBUAE) has revoked the licence of Muthoot Exchange, an exchange house operating in the UAE, and struck its name off the Register, pursuant to Article 137 (1) of the Decretal Federal Law No. (14) of 2018 regarding the Central Bank and Organisation of Financial Institutions and Activities and its amendments.
The revocation results from the findings