Firms interested in managing funds from the ADGM are required to submit applications to the Financial Services Regulatory Authority, or FSRA.  The FSRA has a fast-track process for Fund Manager licenses, which come under Category 3C. The Fund Manager, if

Did you know that in 2019 alone, criminals moved a whopping $2.8 billion in Bitcoin? Yes, you read that right! Cryptocurrency is now one of the preferred destinations for illicit funds by criminals worldwide. Surprisingly, more than half of this amount wa

Click here to Subscribe now! Relevant links below: https://home.treasury.gov/news/press-releases/jy1391?utm_source=riffle.beehiiv.com&utm_medium=referral&utm_campaign=from-the-international-desk https://resources.hummingbird.co/product-updates-a

Click here to Subscribe now! A Fixed Penalty Regime (FPN) is coming. Put very simply, it works as follows: Breach occurs DFSA issues an FPN. Pay the penalty (maximum US$ 50,000) and remedy the breach. If you do 3, DFSA doesn’t sanction you. No

Click here to Subscribe now! The new consultation paper clarifies the DFSA’s stance on Payment Accounts for corporate clients, which allows greater flexibility for money service businesses to offer multiple functionalities to their customers, including la

Click here to Subscribe now! What kind of a name is Riffle? Is it Rifle? As in smoking gun? Err, actually that’s a great alternative name by the way. But no, it’s called Riffle - as in riffling through many pages, turning them over, having a quick look.

This episode is also available as a blog post: https://10leaves.ae/publications/difc/hedge-funds-in-the-difc The DIFC is a leading financial hub in the region. Besides offering a wide range of financial service activities, the centre also provides an int

This episode is also available as a blog post: https://10leaves.ae/publications/difc/difc-venture-studio-launchpad-license The DIFC has now announced the launch of the first global “Venture Studio Launchpad” to assist with the growth of the UAE’s financia

This episode is also available as a blog post: https://10leaves.ae/publications/difc/difc-venture-studio-framework  Last year, the DIFC announced the launch of the first global “Venture Studio Launchpad” to assist with the growth of the UAE’s financ

This episode is part of the 10 Academy training series. Here is a bit about how we at 10 Leaves can help you. We provide turnkey services for getting authorised, and staying authorised. Our GRC team is at hand to help you with ongoing compliances, prudent