Dubai regulator fines firm $600,000 for illegal activities
It provided physical cash to its clients and breached anti-money laundering rules
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Dubai regulator fines director of failed wealth firm
He carried out client transactions without approval and ‘engaged in misleading and deceptive conduct’
Just 1% of mini-bonds victims to be compensated
Action group says it’s ‘bad news’ but it will use the decision as strong political leverage
Dubai regulator fines defunct wealth firm nearly $250,000
After it was suspended for, among other things, illegally promoting an unregulated foreign fund
DFSA decision upheld over ex-Deutsche Bank compliance head
Tribunal found she ‘recklessly misled’ the Dubai regulator about details of the bank’s wealth arm