We interview compliance headhunter Nick Litwinek in the first of a series designed to help compliance, risk, and legal practitioners to find, secure, and manage high-quality compliance talent across regulated industries.
Dubai
A practical guide on the impact of advanced AI such as Mythos on business functions, from cybersecurity to legal to AI governance to risk to the board.
New framework will align regulatory requirements with broader national objectives, including the UAE Strategy for Islamic Finance and Halal Industry as well as Dubai's Economic Agenda (D33).
A thematic review looked at capacity and resources, policies and procedures, examples of good practice, and advice on where improvements can be made.
Proposals reflect established international approaches to operational resilience and will be familiar to Authorized Firms that are already subject to regimes in the UK and EU.
DFSA fines two firms for inadequate system controls, reporting failure and deceptive conduct.
Review reveals shortcomings including lack of clarity in existing policies, failure to carry self-assessment, and narrow scope on what counts as conflict of interest.
The Financial Services Authority wants to move responsibility onto firms, and has published guidelines on what criteria they should follow for determining token suitability.