Dubai, UAE Financial crime is a major corporate and social issue and of extremely high focus of regulators worldwide. Indeed, many regulators have turned their supervisory spotlight on firms’ anti-money laundering processes, systems and controls and also on those who are involved or responsible for the prevention, detection and overall protection of their firm against [...]
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18 October 2012 – Notice of Consultation Paper Release TAKE NOTICE THAT: The DFSA has released the following for Consultation: Consultation Paper No. 86 – PROPOSED CHANGES TO THE DFSA’S ANTI-MONEY LAUNDERING AND ANCILLARY SERVICE PROVIDER REGIMES (The deadline for providing comments on this proposal is 16th December 2012) This paper can be viewed [...]
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The CCL Academy, Thomson Reuters and the ICMA Centre at Henley Business School have joined forces to deliver a comprehensive Advanced Diploma Programme in Compliance and Financial Crime specifically designed for the Middle East. The complete diploma programme consists of two stages. Stage 1 is designed for Compliance and AML staff with 0-5 years of experience [...]
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The Dubai Financial Services Authority (“DFSA”) announced, today, that it has accepted an Enforceable Undertaking (“EU”) from E*TRADE Securities Ltd (Dubai International Financial Centre Branch) (“E*TRADE”). The written undertaking follows a periodic risk assessment in 2010 conducted by the DFSA of E*TRADE, which identified a number of deficiencies in E*TRADE’s anti-money laundering (“AML”) systems and [...]
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Keep up to date with the latest regulatory developments through our DFSA Regulatory Updates. This edition includes the following: Saxo Bank Enforcement Action DFSA and Central Bank updates on Anti Money Laundering Update on SCA proposed new regulations for marketing of Funds in the UAE DFSA Launches Web Pages on “How To Avoid Being Scammed” [...]
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Financial crime is a major corporate and social issue and of extremely high focus of regulators worldwide. Indeed, many regulators have turned their supervisory spotlight on firms’ anti-money laundering processes, systems and controls and also on those who are involved or responsible for the prevention, detection and overall protection of their firm against all aspects [...]
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Dubai, UAE, 20 March 2010: The Dubai Financial Services Authority (DFSA) today censured Saxo Bank Dubai Limited (SBDL) for its failure to comply with the DFSA’s Rules regarding the on-boarding of clients. The censure followed admissions by SBDL that it had breached the client take-on and anti-money laundering (AML) systems and controls requirements in the [...]
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