DFSA enforcement action against Al Masah upheld

DUBAI 8 November 2020: The Financial Markets Tribunal (FMT), a specialist independent tribunal, has affirmed a decision by the Dubai Financial Services Authority (DFSA) to take enforcement action against two firms and three individuals for […]

DFSA action against two firms and three persons

DUBAI 17 May 2020: The Dubai Financial Services Authority (DFSA) has published Decision Notices in respect of two firms (Al Masah Capital Limited and Al Masah Capital Management Limited) and three individuals (Shailesh Dash, Nrupaditya […]

DFSA fines firm $105,000 for unauthorised activity

DUBAI 26 February 2020: The Dubai Financial Services Authority (DFSA) announced that it has fined Enness Limited (Enness DIFC), a DIFC Representative Office. The DFSA fined Enness DIFC US$105,000 (approximately¬† Dh386,000) for engaging in unauthorised […]

Abraaj firms fined $315m for deceiving investors

DUBAI 31 July 2019: The Dubai Financial Services Authority (DFSA), yesterday imposed financial penalties of US$299.30 million (Dh1,098,431,000) and $15,275,925 (Dh56,062,645) on Abraaj Investment Management Limited (AIML), and Abraaj Capital Limited (ACLD), respectively. DFSA said […]

DFSA suspends licence of Rasan Capital for one year

DUBAI 20 June 2019: The Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from the Dubai International Financial Centre (DIFC), announced that it has suspended the licence of Rasan […]

DFSA Suspends licence of Morgan Gatsby Limited

DUBAI 5 February 2019:¬†The Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from the Dubai International Financial Centre (DIFC), has announced the suspension of the licence of Morgan Gatsby […]