Tag: DFSA

February 23, 2017 BY Valentina Kirilova

Dubai FSA signs MoU with ESMA

The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have entered into information sharing and cooperation arrangements regarding DIFC based central counterparties (CCPs) compliance with conditions set out in The European Union’s Market Infrastructure Regulation (EMIR). The MoU was signed on behalf of the DFSA by Chief Executive, Mr Ian…

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DFSA fines individual US$52,500
February 13, 2017 BY Valentina Kirilova

Dubai DFSA launches second consultation into crowdfunding framework to support SME financing

The Dubai Financial Services Authority (DFSA) has launched the next phase of consultations on its proposed framework for regulating crowdfunding platforms in the Dubai International Financial Centre (DIFC), with a paper detailing its approach to investment-based crowdfunding. The consultation is the second in a series of papers which outline the DFSA’s measures to support the…

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December 29, 2015 BY Maria Nikolova

Nasdaq Dubai applies for designation as National Numbering Agency in DIFC

The Dubai Financial Services Authority (DFSA) today announced that it has received a request from Nasdaq Dubai Ltd to obtain designation as the National Numbering Agency (NNA) for the jurisdiction of the Dubai International Financial Centre (DIFC). The role of the NNA is to accept registration information from issuers of new financial instruments such as…

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December 29, 2015 BY Maria Nikolova

Dubai regulator warns against fraudsters claiming to work at Barclays

The Dubai Financial Services Authority (DFSA) today published a warning regarding an online scam involving abuse of the name of the DFSA’s Chief Executive and fraudulent impersonation of employees of Barclays Bank PLC UAE. The case is defined as an advance fee scam, with fraudsters sending e-mails to apparent customers of Barclays telling them to…

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November 04, 2015 BY Maria Nikolova

Dubai regulator imposes $640,000 fine on ABN AMRO for AML deficiencies

The Dubai Financial Services Authority (DFSA) announced today that it has imposed a fine of US$ 640,000 (AED 2,350,720) on ABN AMRO Bank N.V. DIFC Branch (ABN) over deficiencies concerning anti-money laundering. DFSA has conducted an investigation which found that, over the period from January 1, 2013 to December 31, 2014, ABN violated a number…

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