#Dubai Financial Services Authority
The entity, a leader in enterprise blockchain and crypto solutions, will be the first blockchain-enabled payments provider licensed by the DFSA
The DFSA plans to continue its rigorous enforcement measures and provide clear regulatory guidance to all entities operating within the DIFC
The regulator said the probe was closely coordinated between the FSRA and the Dubai Financial Services Authority
The regulator licenced and registered a record-breaking 117 firms during the 12 months. This reflected an increase of 25 per cent from the previous year.
The waiver applies to all new and repeat issuers who make a relevant application to the Dubai Financial Services Authority
The new CBUAE guidance related to the virtual assets sector is aimed at strengthening the supervisory and regulatory frameworks of the country’s central bank and other relevant bodies in line with global best practices
The agreement aims to enhance co-operation, co-ordination and information sharing between the DFSA and FIU to fulfill their respective obligations related to AML/CFT compliance
The penalty includes disgorgement of $975,000, reflecting the economic benefit Mirabaud gained from its violations in the form of fees and commissions
Verition manages approximately $7.3bn across its strategies, with over 400 employees globally
Waqar Siddique has withdrawn his Financial Markets Tribunal review and will not contest the regulator’s findings
Since its inception in 2017, a total of 130 companies have applied to enter the ITL programme, with 67 applicants being accepted so far
DFSA’s regime aims to improve the whistleblowing culture among its regulated entities by increasing transparency around how they handle regulatory concerns
The agreement will facilitate knowledge exchange on technologically enabled financial innovation
The agreement sets a framework for mutual assistance and exchange of information in areas, including money laundering and terrorism financing
Abraaj, which was one of the biggest private equity firms in the MENA region, went into liquidation in 2019
The DIFC is now home to more than 3,200 companies and nearly 28,000 staff, while the DFSA regulates 521 financial services firms
He will succeed Bryan Stirewalt with effect from October 1, 2021
A stable financial sector is key to sustainable growth