In accordance with the provisions of the decision of the Board of Directors of the Central Bank of the UAE No. 56/3/93 of 19/4/1993 concerning the reorganization of the institution, the Central Bank includes seven departments namely supervision and inspection of banks, banking operations, research and statistics, administrative affairs, financial control , Treasury, and Internal Audit. It includes seven departments: Information Technology, Personnel, Correspondent Banking, Public Relations, Secretariat and Legal Affairs, Emirates Electronic Division and the Governor’s Office. Also it includes seven units: Money Laundering and Suspicious Cases Unit IT projects Strategic Unit, Law Development Unit, Banking and Monetary Statistics Unit, Financial Stability Unit and Standard Indicators Unit, The Central Bank also has a Risk Center.
The Banking Supervision and Inspection Department is responsible for verifying the financial condition of financial institutions, including local banks, branches and representative offices of foreign banks, money exchangers, finance companies, stock brokers, investment companies and financial advisors.
The provisions of this section shall apply to:
The provisions of this section shall not apply to: