• DFSA launches licence initiative for fintech firms

    The Dubai Financial Services Authority (DFSA) has today announced that it will allow financial technology (fintech) firms to apply for a class of financial services licence referred to as an Innovation Testing Licence (ITL).
    Source: Trade Arabia, 25/05/2017

  • US, Gulf countries form new group to stem flow of terror financing

    The United States and Persian Gulf countries have agreed to collaborate to stem the flow of terrorist financing as part of a new working group, the Treasury Department said on Sunday, with the U.S. and Saudi Arabia jointly chairing the initiative.
    Source: CNBC, 21/05/2017

  • Five start-ups picked for ADGM’s fintech regulatory lab

    The Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has announced its approval of its first batch of FinTech Regulatory Laboratory (Reglab) participants, comprised of five local and international fintech start-ups with various innovation offerings.
    Source: Gulf News, 16/05/2017

  • DFSA Takes Action against Senior Executive Officer

    The Dubai Financial Services Authority (DFSA) has accepted an Enforceable Undertaking (EU) from Mr S Ravishankar Naidu, Senior Executive Officer (SEO) at Royal Shield Limited (RSL), an Insurance Intermediary licensed by the DFSA.
    Source: DFSA, 15/05/2017

  • DIFC companies allowed dual licences to operate across Dubai

    Companies established in the Dubai International Conference Centre (DIFC) can now apply for a licence allowing them to operate in mainland Dubai.
    Source: Out Law, 11/05/2017