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DFSA announces RegTech Live virtual event

Dubai Financial Services Authority to host RegTech Live event  27 May 2020 The Dubai Financial Services Authority (DFSA) will be hosting a virtual event on the 2nd and 3rd of June. The event, RegTech Live: Driving Compliance Through Innovation, will be held in partnership with the Dubai International Financial Centre Authority […]

DFSA Fraud Alert

ALERTS DFSA cautions against fake DIFC firms  23 Apr 2020 The Dubai Financial Services Authority (DFSA) informs the financial services community and the public of scams in which the scammers falsely claim to be an Authorised Firm, based in the Dubai International Financial Centre (DIFC) and regulated by the DFSA. […]

DFSA Enforcement Action: Le Tresorerie

DFSA Fines La Tresorerie for Serious Failings  23 Apr 2020 Serious and deliberate wrongdoing breached the prohibition against providing money services in or from the DIFC Firm’s activities increased risks of money laundering and endangered client money protections Following a lengthy investigation process, which commenced in 2017, the Dubai Financial […]

DFSA updates AML Rulemaking Instrument

Notice of Amendments to Legislation 05 Mar 2020 Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Paper No. 125, 129 and 130 the DFSA Board, after due consideration of consultees’ comments, made amendments to the DFSA Rulebook as described below. Please bear in […]

DFSA Fraud Alert: FFA (UK) Limited

ALERTS Website Misusing the DIFC Logo and Falsely Claiming that Company is Regulated by the DFSA 24 Nov 2019 The Dubai Financial Services Authority (DFSA) alerts the financial services community and members of the public about a fraudulent website which misuses the logo of the DIFC and falsely claims that […]

DFSA Fraud Alert: Melecoin not located in the DIFC

Cryptocurrency Platform Melecoin falsely claims to be located in the DIFC 14 Oct 2019 The Dubai Financial Services Authority (DFSA) alerts the financial services community and members of the public about MeleCoin, which falsely claims to be located in Dubai International Financial Centre.  On its website, MeleCoin: • invites people to […]

DFSA Alert: Impersonation Scam

Fake Letter Impersonating the DFSA and its Chairman 05 Aug 2019 The Dubai Financial Services Authority “DFSA” alerts the financial services community and members of the public about a fraudulent scheme in which the DFSA and its Chairman were impersonated. The scammers, using the DFSA logo, issued a fake letter […]

DFSA Alert: Skyo Microfinance advance fee scam

Skyo Microfinance Bank Limited Falsely Claims to be Incorporated by the DFSA in an Advance Fee Scam 09 Jul 2019 The Dubai Financial Services Authority (DFSA) alerts the financial services community and the public about a fraudulent scam promoted by “Skyo Microfinance Bank Limited” which offers easy loan approvals in […]