DFSA fines FFA Private Bank $370,000 over system failures

DFSA hits FFA Private Bank with $370,000 fine over system failures

The financial watchdog said the fine follows and is connected to the prohibition that was imposed on the lender in May 2021


DFSA fines bank Mirabaud $3m for anti-money laundering controls failings

The penalty includes disgorgement of $975,000, reflecting the economic benefit Mirabaud gained from its violations in the form of fees and commissions


AllianceBernstein opens new office in DIFC to expand Middle East presence

The global investment firm has secured DFSA licence to locally service and advise clients

Dubai’s DFSA signs MoU with Bangladesh Securities and Exchange Commission

The agreement provides a framework for facilitating cross-border collaboration between the two authorities on supervision and enforcement actions

Dubai's DFSA partners with Thai Securities and Exchange Commission

Dubai’s DFSA partners with Thai Securities and Exchange Commission

The agreement provides a framework for further co-operation between the two authorities on regulation, policy and trends in financial services and markets

Lord Abett to open office at DIFC receives DFSA nod

Asset management firm Lord Abbett to open its first Middle East office at DIFC

US-based Lord Abbett joins more than 250 leading wealth and asset managers at DIFC

DIFC-based Tarabut gateway

DIFC-based fintech Tarabut Gateway receives DFSA licence

This licence marks the first time the DFSA has authorised a firm to provide account information services and payment initiation services activities

Former Abraaj managing partner Mustafa Abdel-Wadood fined $1.9m by Dubai’s DFSA

Abraaj, which was one of the biggest private equity firms in the MENA region, went into liquidation in 2019

Dubai regulator DFSA hits ex-Abraaj finance chief with record $1.7m fine

Abraaj, which was headed by financier Arif Naqvi, went into liquidation in 2018

Dubai Financial Services Authority

Dubai’s DFSA fines former DIFC employee $165,000

The authority has also restricted him from performing any function in connection with the provision of financial services in or from the DIFC


Financial tribunal delivers verdict against Al Masah; issues statement regarding Shailesh Dash

The tribunal noted that Shailesh Dash exhibited “a formidable mastery of the arguments”