DFSA Personal Account Dealing Review

DFSA Personal Account Dealing Review

In this episode of The Riffle, we examine the Dubai Financial Services Authority’s (DFSA) thematic review on Personal Account Dealing (PAD) and its implications for brokerage firms, compliance officers, senior management, internal auditors, and other regulated entities operating within the DIFC. The discussion explores key supervisory findings, including risk-based PAD policies and procedures, governance and oversight expectations, management information requirements, independent monitoring mechanisms, and post-trade surveillance practices. It also addresses the importance of effective compliance assurance, tailored training programmes, comprehensive record-keeping obligations, and the role of technology in strengthening PAD controls. Further, the episode highlights common industry weaknesses identified by the DFSA, such as reliance on employee self-attestations, inadequate monitoring frameworks, policy gaps arising from business evolution, and insufficient oversight of digital assets and connected persons. The conversation also examines strategic considerations for firms, including conduct risk assessments, breach management processes, organisational culture, and the proportionality of monitoring arrangements. A concise briefing for compliance professionals, MLROs, senior executives, legal advisors, internal auditors, risk managers, and regulated firms seeking to understand the DFSA’s expectations for Personal Account Dealing frameworks and the broader implications for governance, market integrity, and conduct risk management within the DIFC. 🎙️ Presented by 10 Leaves.

UAEFIU Regulation No. (1) of 2026- Suspension of Suspicious Transactions & Freezing of Funds.

In this episode of The Riffle, we examine UAEFIU Regulation No. (1) of 2026 and its implications for financial institutions, Designated Non-Financial Businesses and Professions (DNFBPs), Virtual Asset Service Providers (VASPs), compliance professionals, and other Reporting Entities operating within the UAE’s AML/CFT framework. The discussion explores the key regulatory measures introduced by the Regulation, including the new Postponement Suspicious Transaction Report (PSTR) framework, enhanced reporting obligations, and the UAE Financial Intelligence Unit’s expanded powers to issue Suspension Orders, Freezing Orders, and Monitoring Orders. Topics include the circumstances requiring urgent reporting, transaction postponement requirements, operational timelines, and the responsibilities of Reporting Entities when responding to FIU directives. Further, the episode highlights customer due diligence considerations, restrictions on tipping-off, customer notification requirements for freezing orders, asset management obligations, recordkeeping standards, governance expectations, and the requirement for 24/7 operational readiness. Special attention is given to compliance officer responsibilities, internal controls, auditability requirements, and the sanctions that may arise from non-compliance under the UAE AML framework. A concise briefing for compliance officers, MLROs, financial institutions, DNFBPs, VASPs, legal advisors, risk professionals, internal auditors, and regulated entities seeking to understand the UAEFIU’s enhanced powers and the practical implications of the latest regulatory framework for suspicious transactions and fund freezing measures. 🎙️ Presented by 10 Leaves

AML/TFS Compliance Gaps Identified by ADGM RA in 2025

In this episode of The Riffle, we examine the key findings emerging from the ADGM Registration Authority’s 2025 DNFBP AML/TFS Onsite Assessments and their implications for Designated Non-Financial Businesses and Professions (DNFBPs) operating within ADGM. The discussion explores recurring compliance gaps identified across 35 onsite assessments, highlighting the difference between having documented AML/TFS frameworks and effectively implementing them in practice. Topics include deficiencies in Business Risk Assessments (BRAs), Customer Risk Assessments (CRAs), Enhanced Customer Due Diligence (ECDD), governance oversight, and the treatment of Targeted Financial Sanctions (TFS) risks. Further, the episode examines regulatory expectations surrounding risk-based methodologies, ongoing customer monitoring, source of wealth and source of funds verification, senior management approvals for high-risk relationships, and the importance of substantive annual AML/TFS reviews. It also discusses the Registration Authority’s recommended good practices, including independent testing of AML controls, dynamic risk assessments, and strengthened governance frameworks. Special attention is given to the Registration Authority’s expectation that all DNFBPs conduct a risk-based self-assessment, implement remediation plans where necessary, and demonstrate active senior management oversight to address identified weaknesses. A concise briefing for compliance professionals, MLROs, risk officers, legal advisors, auditors, corporate service providers, real estate firms, accounting practices, and other ADGM-regulated DNFBPs seeking to understand the Registration Authority’s supervisory priorities and strengthen the effectiveness of their AML/TFS compliance frameworks. 🎙️ Presented by 10 Leaves.

DFSA Rulebook Amendments 2027

In this episode of The Riffle, we examine the DFSA’s Rulebook Amendments and their implications for banks, financial institutions, fintech firms, Islamic finance operators, and regulated entities operating within the DIFC. The discussion explores the key regulatory enhancements introduced across the General (GEN), Prudential – Investment, Insurance Intermediation and Banking (PIB), Glossary (GLO), and Islamic Finance (IFR) modules, with implementation scheduled for January 2027. Topics include strengthened governance requirements, mandatory risk management functions for large and complex firms, Governing Body-approved Risk Appetite Statements, and enhanced expectations surrounding corporate and risk culture. Further, the episode highlights new standards for management information systems (MIS), internal audit independence, credit classification and provisioning requirements, concentration risk management, large exposure limits, and capital adequacy considerations. Special attention is given to the incorporation of climate-related financial risks, digitalization risks, stress testing expectations, and amendments affecting Islamic finance institutions and Profit Sharing Investment Accounts (PSIAs). A concise briefing for compliance professionals, risk officers, financial institutions, fintech operators, legal advisors, internal auditors, and DIFC-regulated entities seeking to understand the DFSA’s evolving supervisory expectations and the practical impact of its latest Rulebook reforms. 🎙️ Presented by 10 Leaves

ADGM FSRA Guidance & Policy Manual

Here's a description in the same style and tone as your previous The Riffle episodes, based on the uploaded AML Framework Enhancements document: In this episode of The Riffle, we examine the ADGM Financial Services Regulatory Authority’s AML Framework Enhancements and their implications for financial institutions, virtual asset service providers, DNFBPs, compliance professionals, and regulated entities operating within the ADGM. The discussion explores the key amendments introduced to the Financial Services and Markets Regulations 2015 (FSMR) and the Anti-Money Laundering and Sanctions Rulebook, effective May 2026. Topics include the alignment of ADGM’s AML framework with updated UAE federal legislation and FATF standards, strengthened governance and accountability requirements, and the continued emphasis on a robust risk-based approach to AML and sanctions compliance. Further, the episode highlights enhanced expectations relating to customer due diligence, high-risk jurisdiction controls, record-keeping obligations, suspicious activity reporting, sanctions compliance, and the responsibilities of Governing Bodies, Senior Management, and Money Laundering Reporting Officers (MLROs). Special attention is given to Virtual Asset Service Providers (VASPs), targeted financial sanctions, and the increasing focus on operational resilience and regulatory oversight. A concise briefing for compliance officers, MLROs, risk professionals, legal advisors, fintech operators, financial institutions, and ADGM-regulated entities seeking to understand the latest AML, CTF, and sanctions compliance developments within the UAE regulatory landscape. 🎙️ Presented by 10 Leaves