DFSA: The watchdog fighting financial crimes.The regulator of the Dubai International Financial Centre The Dubai International Financial Centre (DIFC) is a near-shore financial hub for the MENA containing a capital market designated as a financial free zone in Dubai. It is established to create an environment for growth, progress and economic development in the UAE and the wider (DIFC DIFC Dubai International Financial Centre ) is joining forces with global agencies in order to fight money laundering.Bryan Stirewalt, Director of Supervision, DIFC, said the Dubai Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. (DFSA DFSA Dubai Financial Services Authority (Dubai International Financial Centre) DFSA Direct File System Access (MOSIX) DFSA Drug-Facilitated Sexual Assault DFSA Deterministic Finite State Automaton ) is a young entity - so criminals may regard it as exploitable, at least initially. "But people with less than good intentions will find out it's not the case," he said. Since 2004, when the DFSA was set up, around 25 Suspicious Transaction Reports were filed with the UAE Central Bank by DIFC-registered companies. DFSA has agreements with counterparts in 30 countries to fight financial crimes. The DFSA meets the standards of international anti-money laundering groups like the Paris-based Financial Action Task Force (FATF FATF Financial Action Task Force on Money Laundering FATF Fuel Assembly Transfer Form (nuclear power) ). Stirewalt said bilateral agreements, global reviews and in-house laws should put the business environment at DIFC through DFSA on a par with New York, London and Hong Kong. a A[umlaut] Copyright 2007 Al Nisr Media FZ LLC. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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