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Waqar Siddique has withdrawn his Financial Markets Tribunal review and will not contest the regulator’s findings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