• ADGM recruits UAE Exchange as latest fintech partner

    Abu Dhabi Global Market (ADGM) has announced the latest initiative in the development of its fintech ecosystem, in the form of a partnership with leading remittance firm UAE Exchange, the freezone’s fifth major fintech announcement in the space of two weeks.
    Source: The National, 12/08/2017

  • DIFC takes a big leap forward in Fintech initiatives

    Financial technology or Fintech as it is more commonly known, has emerged as the buzzword of the decade in the rapidly changing financial services industry. Dubai International Financial Centre (DIFC) has been taking a pioneering role on the global and regional stage.
    Source: Gulf News, 30/07/2017

  • Arab states add more Qatari names to terror list

    The United Arab Emirates, the Kingdom of Saudi Arabia, the Kingdom of Bahrain and the Arab Republic of Egypt declare that in their firm and solid commitment to fight terrorism, cut off sources of funding, prosecute those who are involved in it, combat extremist ideologies and hate speech incubators; and in continuous assessment, the four countries have announced the designation of 9 entities...
    Source: Khaleej Times, 25/07/2017

  • Ex-UK trader faces more jail time if fails to pay confiscation order

    Damian Clarke, a former stock trader at Schroders Investment Management, must pay 350,000 pounds within three months or face three more years in jail for insider dealing, Britain's Financial Conduct Authority (FCA) said on Monday.
    Source: Reuters, 24/07/2017

  • French bank watchdog fines SocGen 5 million euros over anti-money laundering shortcomings

    French bank watchdog ACPR said on Friday it had fined Societe Generale 5 million euros (4.49 million pounds) for a number of shortcomings in its controls for preventing money laundering and financing of terrorism.
    Source: Reuters, 21/07/2017