Search Results for: DFS
DFSA host seminar on FinTech in the Middle East
May 10th, 2017
The Dubai Financial Services Authority (DFSA) hosted an outreach session on the opportunities financial technology (FinTech) presents in the Middle East. The seminar was held jointly with the FinTech Hive at DIFC, Hawkamah Institute for Corporate Governance and the ...
DFSA Signs MoU with European Securities and Markets Authority
February 23rd, 2017
The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have entered into information sharing and cooperation arrangements regarding DIFC based central counterparties (CCPs) compliance with conditions set out in The European Union’s Market Infrastructure ...
DFS grants virtual currency license to Coinbase
January 18th, 2017
Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has approved the application of Coinbase, Inc., a wholly owned subsidiary of Coinbase Global, Inc., for a virtual currency and a ...
Bank fined $215 Million by DFS for violating Anti Money Laundering Laws
November 7th, 2016
DFS Investigation Uncovers Intentional Actions to Obscure U.S. Dollar Clearing Transactions, Including Counterfeit and Falsified Invoices involving China and Russia and Omission of Information Regarding Possible U.S. Dollar Trades with Sanctioned Counterparties Bank Management Silenced and Severely Curtailed the ...
Scammers Impersonate the DFSA’s Chief Executive and Barclays Bank PLC UAE, in an Advance Fee Scam
December 29th, 2015
The DFSA alerts the financial services community and the public to an Advance Fee Scam in which: the DFSA’s Chief Executive; and the name of Barclays Bank PLC UAE (Barclays), and one of its employees, are fraudulently impersonated. The way ...
NYDFS Announces Goldman Sachs to Pay $50 Million
October 30th, 2015
NYDFS Announces Goldman Sachs to Pay $50 Million; Accept Three-Year Regulatory Consulting Abstention; Admit Failure to Supervise For Banking Law Violations Goldman Sachs Employee Schemed to Steal Confidential Regulatory Information, and Improperly Shared that Information with Other Goldman Employees ...
DGCX Group receives recognised body status by DFSA
June 8th, 2015
Recognition allows DIFC registered entities access to DGCX Group to trade and clear wide ranging products The Dubai Gold and Commodities Exchange (DGCX) and its CCP Operator arm, Dubai Commodities Clearing Corporation (DCCC) has been granted the status of ...
NYDFS Announces Final Bitlicense Framework for Regulating Digital Currency Firms
June 4th, 2015
Benjamin M. Lawsky, Superintendent of Financial Services, today announced the release of the New York State Department of Financial Services’ (NYDFS) final BitLicense – the first comprehensive framework for regulating digital currency firms. The BitLicense – which is the ...
NYDFS Expects Final BitLicense ‘Very Soon’
April 17th, 2015
The New York State Department of Financial Services (NYDFS) suggests it is moving steadily toward the release of a finalized BitLicense under which digital currency businesses would be regulated in the state. Following the end of a comment period ...
DFSA Fines Deutsche Bank AG for Serious Breaches
April 16th, 2015
The Dubai Financial Services Authority (“DFSA”), announced, that it has fined the DIFC branch of Deutsche Bank AG (“DBDIFC”), USD $8,400,000 (AED 30,849,000) for serious contraventions. Those contraventions include misleading the DFSA, failures in DBDIFC’s internal governance and systems ...