Dubai cracks down: Financial firm fined Dh5 million for compliance lapses
R.J. O’Brien (Mena) Capital Limited was fined Dh5,023,375 by DFSA. Senior management didn’t address compliance resource deficiencies. The initial fine of Dh10,251,789 was reduced due to the commitment to rectify issues. A company that disregarded compliance system laws was fined Dh5,023,375 by the Dubai Financial Services Authority (DFSA). It was discovered that the company, R.J. … Read more