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Tag Archives: DFSA

Macquarie Bank receives Category 4 Branch License to operate from DIFC

Jun
14
2011
Posted by Michael Greenberg in Brokers
0 Comments

Macquarie Bank owns a stake in the American RFED Advanced Markets (amifx) and may help it penetrate the local market as well as possibly use its technology. DFSA is recently becoming more and more strict in its oversight having penalized …
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OANDA attains FSA registration

May
31
2011
Posted by Michael Greenberg in Brokers,Regulation
0 Comments

OANDA, the largest North American broker in terms of accounts, has recently achieved an FSA license. FSA licensing process is a very lenghty and costly procedure and OANDA probably initiated it well over a year ago – prior to leverage …
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E*Trade fined up to $300,000 by Dubai FSA for AML failings

May
3
2011
Posted by Michael Greenberg in Brokers,Regulation
4 Comments

Much like Saxo being ‘censured‘ by the Dubai FSA for similar procedural deficiencies DFSA just announced that it settled a case with E*TRADE which agreed to pay a $300k fine. It’s odd that both cases, though seemingly identical at first …
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Dubai FSA Censures Saxo Bank for Client Take-On and AML Systems and Controls Failings

Mar
20
2011
Posted by Michael Greenberg in Brokers,Regulation
4 Comments

We do not know the exact details by Saxo Bank has probably paid some sum to settle these charges. The Dubai Financial Services Authority (DFSA) today censured Saxo Bank Dubai Limited (SBDL) for its failure to comply with the DFSA’s …
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