The fine by the DFSA was imposed for the period between June 2018 and October 2021
Financial regulations
Latest in Financial regulations
anti-money laundering
Information technology: Changing the financial crime landscape
Fighting financial crime appears a daunting prospect, but technology can help
anti-money laundering
Why API technology is key to tackling financial crime in the UAE
While the UAE’s push to tackle financial crime focuses on regulation, it also provides an opportunity for banks to digitalise and improve their offerings such as adopting APIs that support compliance and protect them from threats and exposure
crypto business
Regulators and crypto industry players must work together, says Binance CEO
Crypto regulatory frameworks could take decades to implement and the lack of awareness regarding their benefits could hinder their necessary adoption, according to Changpeng Zhao
Dubai Financial Services Authority
Why the UAE’s finance, insurance advisors should be prepared for change
As the sector develops, and more financial advisory firms set up shop in the Dubai International Financial Centre (DIFC), there is a need for clarification on the rules, according to a leading industry expert
Cashew Payments
Strategically implemented regulations will accelerate the growth of the fintech industry in the UAE and wider MENA region
With analysts predicting the industry might be worth $306bn by 2023, there’s no doubt that this is a booming sector, which has led to regulatory developments to ensure there isn’t a blurred line between fintechs and traditional financial institutions
