Regulation, Risk & Compliance
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Dubai regulator upholds $135mln fine against Abraaj founder
Dubai’s financial regulator said a $135 million fine against Abraaj founder Arif Naqvi has been upheld, saying its original findings set out in August 2021 are final. The Dubai Financial Services Authority (DFSA) said the Financial Markets Tribunal (FMT) upheld its actions against Naqvi following the Abraaj collapse in 2018. …
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