Dubai Financial Services Authority
The DFSA fines Vault Wealth Limited USD 109,200 for carrying on unauthorised financial services in Dubai International Financial Centre
The DFSA imposed a fine of USD 109,200 on Vault Wealth Limited for providing financial services in or from DIFC without DFSA authorisation. The firm was found to have breached the Financial Services Prohibition by advising on financial products and arranging deals in investments without the necessary licence. The fine was reduced by 30% as VWL agreed to settle the matter.
What firms should do
Firms must ensure they have the appropriate DFSA authorisation before undertaking regulated activity in DIFC.
- Regulator
- Dubai Financial Services Authority
- Type
- Enforcement Notice
- Status
- Enacted
- Published
- 1 Oct 2026
- Topic
- Enforcement
- Impact
- High
Found automatically on the regulator's website and summarised by AI by Arakan Lexara. Not legal advice; check the official source before relying on it.
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