Dubai regulator imposes restrictions on private bank

clock • 1 min read
Dubai regulator imposes restrictions on private bank

The Dubai Financial Services Authority (DFSA) has imposed restrictions on FFA Private Bank (Dubai) Limited (FFA) prohibiting it from receiving, arranging or executing orders from or on behalf of specific clients. In a notice issued today (23 June), the DFSA imposed the restrictions by way of a prohibition due to concerns about the adequacy of its systems and controls to identify, assess and report trading giving rise to suspicions of market abuse relating to certain clients. The prohibi...

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