Regulatory updates
New rules, circulars, consultations and notices from UAE regulators, each summarised with who is affected and what to do. Collected by Arakan Lexara from the regulators' own websites.
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The DFSA has imposed a fine of USD 585,825 on Moody’s Investors Service Middle East Limited for breaches related to data confidentiality. This enforcement action highlights the importance of maintaining data confidentiality and serves as a warning to other firms about the consequences of non-compliance.
Gary Joseph Peters was fined for providing misleading information to the DFSA and failing to produce required documents. This enforcement action underscores the importance of transparency and compliance with regulatory requirements.
The DFSA has issued a waiver and modification notice to Evolution Markets Limited (DIFC Branch), exempting them from certain rules in the AML Module and modifying specific rules in the GEN Module. This notice is significant as it alters compliance obligations related to the residency of certain authorized individuals and the roles of the Money Laundering Reporting Officer and Compliance Officer.
Updates are found automatically on regulators' websites and summarised by AI. Check the official source before relying on any item.
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