AGDM regulator fines five financial institutions for breaching reporting requirements

Five financial institutions have been fined by Abu Dhabi Global Market's Financial Services Regulatory Authority for breaching reporting requirements. The FSRA has imposed penalties and administrative fees ranging from Dh30,000 to Dh119,000 ($8,169 to $32,403) on the institutions for contraventions of the Common Reporting Standard regulations, it said in a…