Dubai FSA bans adviser to 'protect integrity' of Islamic Finance

Mark Battersby
clock • 2 min read

The Dubai Financial Services Authority withdrew the authorised Individual status and imposed a restriction on Trevor Conway, a senior executive officer at a DFSA-authorised firm Tradition, the interdealer broking arm of Compagnie Financière Tradition SA, a Switzerland-based global interdealer broker dealing in over-the-counter (OTC) financial and commodity related products. The regulator's decision, issued on 30 June, followed an investigation into Conway's conduct in relation to the firm's Commodity Murabaha Broking Desk (the Desk). Murabaha, also referred to as cost-plus financing, ...

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