Dubai FSA fines and bans financial services firm director pending tribunal outcome

Mark Battersby
clock • 3 min read

A former senior executive officer and director of financial services firm La Tresorerie Limited, Gilles Rollet, was provisionally fined $175,000 and prohibited from holding office in or being an employee of a regulated DIFC entity, Dubai Financial Services Authority (DFSA) said in a decision notice today (1 November). But the DFSA said Rollet disputes the DFSA's findings and has referred the Decision Notice to the Financial Markets Tribunal (FMT) where the parties will present their respective cases. "The DFSA's decision is therefore provisional and reflects the DFSA's belief as to w...

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