DFSA fines La Tresorerie Dh2.25m for illegal cash services, regulatory failings

Dubai Financial Services Authority, the regulator of the Dubai International Financial Centre fined La Tresorerie Ltd $612,790 (approximately Dh2.25 million) for serious regulatory failings. The total fine includes $261,154 (approximately Dh960,000) disgorgement of the financial benefit La Tresorerie received, plus interest. The penalty follows an investigation process that commenced in…