Dubai regulator fines Arqaam over money laundering rules

The Dubai Financial Services Authority (DFSA) has accepted an Enforceable Undertaking (EU) from Arqaam Capital Limited (Arqaam), a company incorporated in the Dubai International Financial Centre (DIFC), and a DFSA Authorised Firm. The EU resulted from a DFSA investigation following a periodic DFSA risk assessment that focused on Arqaam's compliance…