- in the category: Regulatory Update: Middle East
This edition includes - DIFC Issues Amendments to the Common Reporting Standard Law and Regulations, ADGM and Sunline Collaborate on the Development of FinTech Solutions in the Digital Lab, IOSCO Examines the Evolution of Liquidity Provision in Equity Securities Markets, High Court Orders Illegal Pension Introducers to Pay £10,715,000 Restitution to Consumers.
This edition includes - DFSA’s 2020 Summer Innovation Testing Licence Programme Update, CBUAE and ADGM Invite Applications for the 2020 Innovation Challenge, SCA Embarks on a Project to Restructure the Legislative System for Broker Classification, 12 Month Review of Revised FATF Standards - Virtual Assets and VASPs, Hong Kong Regulator Imposes $25.2M Fine on Guotai Junan Securities.
This edition includes - DFSA and Deloitte Middle East Publish Discussion Paper on Digital Assets Custody, ADGM and FSRA Make Amendments to Regulations, SCA Launches a New Version of its Digital Platform, FATF Proposes Amendment to Recommendation 1 to Include Proliferation Financing Risk, Deutsche Bank Fined $150million for Compliance Failures.
This edition includes - DFSA Takes Action Against Two Firms and Three Individuals, Entities Required to Notify ADGM Regarding New Economic Substance Regulations, SCA Discusses Initiatives to Regulate OTC Market and Measures to Contain COVID-19 Consequences, FATF Releases COVID-19 Challenges Good Practice and Policy Response Paper, BNP Paribas Chinese Unit Fined for Anti-Money Laundering Violations.
This edition includes - DFSA Release Joint Guidance Dear SEO Letter, ADGM Announces Further Incentives to Support Businesses, SCA Hold Meeting on Internal and External Actions for COVID-19 Measures, ESMA Releases COVID-19 Recommendations, Australian Bank WestPac Anticipates US$578 Million Money Laundering Fine.
This edition includes - DFSA Implements Changes to the SME Listing Regime, ADGM Launches Support Measures for Registered Businesses to Counter the Impact of COVID-19, UAE Central Bank Issues Regulation on Dormant Accounts, FCA and PRA Provide COVID-19 Guidance for Firms, Swedbank Fined $397 Million Over Anti-Money Laundering Measures.
This edition includes - DFSA Communications Regarding UN Security Council Sanctions, FSRA Publishes Miscellaneous Amendments to its Regulatory Framework, SAMA Releases Rules and Consultation Papers to Develop Insurance Sector, FATF Updates Countries on List of Jurisdictions with Strategic Deficiencies, FCA Fines Moneybarn £2.77M for Unfair Treatment of Customers in Arrears.
This edition includes: DFSA Takes Action Against Morgan Gatsby Limited, Summary of Proposed FSRA Changes in Consultation Paper No. 5 of 2019, Economic Substance Update, FATF Hosts Forum for Regulators on Supervising Virtual Assets, Bank of China Settles Money Laundering Case for $4 Million.
This edition includes - Introduction of CPD Requirements for SEOs and COMLROs, ADGM Publishes Consultation on Proposed Amendments to Commercial Legislation, Saudi Arabia Bans Firms from Having Both Insurance and Reinsurance Businesses, FCA Fines PPC for Misleading Consumers and Banks.
This edition includes: DFSA Releases Consultation Paper No. 125 – Proposal for Money Services, FSRA Makes Amendments to AML, GEN, COB Modules, FATF Updates Countries on List of Jurisdictions with Strategic Deficiencies, ADGM Signs Collaboration Agreements.
This edition includes - DFSA Opens Applications for its 2020 Regulatory Sandbox Winter Cohort, FSRA Publishes Regulatory Guidance for APIs, FCA Fines Tullett Prebon £15.4 million, FATF Releases Best Practices on Beneficial Ownership for Legal Persons.
This edition includes - Saudi Capital Market Authority Approves Multiple FinTech “Experimental Permits” for Equity Crowdfunding, Thirty One Start-ups to Participate in DIFC FinTech Hive’s 2019 Accelerator Programme, Insider Dealer Sentenced in the UK for Money Laundering Charges.