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Dubai regulator fines E*trade $200,000 - ASHARQ AL-AWSAT English Archive
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DUBAI (Reuters) – E*Trade Financial Corp has been fined $200,000 by a regulator in the United Arab Emirates for breaching anti-money laundering controls, the local regulator said on Sunday.

Dubai Financial Services Authority (DFSA), which is the regulator for the Nasdaq Dubai bourse, said it fined E*Trade for failing to obtain sufficient evidence of its clients’ source of wealth and for not providing adequate address details for some of its clients.

No one at E*Trade could immediately be reached for comment.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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