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Dubai regulator highlights compliance issues among fintech firms

Dubai skyline
The review assesses the effectiveness of compliance frameworks across Authorised Firms. Photo: Ross Kinnaird/Getty Images

Hameed Shuja

3 min read
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A thematic review looked at capacity and resources, policies and procedures, examples of good practice, and advice on where improvements can be made.

Dubai’s financial regulator says the majority of fintech firms operating within the Dubai International Financial Centre (DIFC) are moving in the right direction on compliance culture, but there are multiple areas for improvement.

These include allocating sufficient resources to compliance, closing the gaps in regulatory understanding among compliance officers, and

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