Arakan Forensic

UAE regulatory enforcement database

A growing, independently compiled record of fines, warnings, suspensions and reprimands published by CBUAE, DFSA, VARA, ADGM and SCA.

Last updated 03 Sep 2026, 07:32 UTC

This is not an official regulatory record. Arakan Forensic is an independent, automated compilation of enforcement notices published by CBUAE, DFSA, VARA, ADGM and SCA. It is not exhaustive — coverage depends on what each regulator has published and what our automated collection process has captured to date — and entries may contain extraction errors, omissions, or outdated information. Nothing on this site constitutes legal, financial, investment or compliance advice, and no representation or warranty is made as to the accuracy or completeness of any entry. Always verify against the original regulator publication (linked from each entry) before relying on any information here.
Total actions
333
Actions in 2026
9
Last 6 months
5
Total fines
AED 2.32B
Reset

Showing 50 of 333 actions

# Regulator Date Fine (AED) Entity Entity type Action type Source
151 DFSA 2023-12-26 5,023,375 R.J. O’Brien (MENA) Capital Limited broker Fine
152 CBUAE 2023-12-14 Cogent Insurance Broker broker Revocation
153 DFSA 2023-12-01 R.J. O’Brien (MENA) Capital Limited broker
154 DFSA 2023-11-01
155 ADGM 2023-09-28 10,000 Tech Holding Limited other Fine
156 ADGM 2023-09-27 1,783,620 Pyypl Ltd fintech Fine
157 VARA 2023-09-26 JP-ex Crypto Asset Platform Pty Ltd + JPEX Technical Support Co. Pty Ltd [collectively “JPEX”] VASP Warning
158 ADGM 2023-09-13 95,420 Emirates Advocates LLP other Fine
159 ADGM 2023-08-11 49,545 Prada Emirates L.L.C other Fine
160 ADGM 2023-08-11 49,545 Prada Emirates L.L.C other Fine
161 CBUAE 2023-08-10 4,800,000 exchange Fine
162 DFSA 2023-08-09 121,917 Remi Ishak fund manager Fine
163 ADGM 2023-07-20 264,240 Equiom Corporate Services (Middle East) Ltd other Fine
164 DFSA 2023-07-18 11,092,575 Mirabaud (Middle East) Limited bank Fine
165 VARA 2023-07-10 BitOasis Technologies FZE VASP Warning
166 DFSA 2023-06-09 92,484 Alessandro Faro Trading Ltd other Fine
167 DFSA 2023-06-01 Fius Fine
168 CBUAE 2023-05-23 insurance Suspension
169 CBUAE 2023-05-16 bank
170 VARA 2023-04-12 OPNX VASP Warning
171 CBUAE 2023-02-02 1,800,000 other Multiple
172 DFSA 2023-02-01 164,416 Mr Stuart Coles Multiple
173 DFSA 2023-01-31 Zachary Cefaratti fund manager Multiple
174 DFSA 2023-01-31 596,375 Dalma Capital Management Limited fund manager Fine
175 DFSA 2023-01-10 30,828 EY Law LLP other Fine
176 DFSA 2023-01-04 20,552 Nasco France SAS - DIFC Representative Office other Fine
177 CBUAE 2022-12-09 1,050,000 exchange Fine
178 CBUAE 2022-12-07 1,925,000 exchange Fine
179 DFSA 2022-11-02 1,835,000 Mr Milind Ajit Navalkar other Fine
180 ADGM 2022-11-02 Elia fund manager
181 ADGM 2022-11-02 Elia Investments Limited fund manager
182 DFSA 2022-11-01
183 DFSA 2022-11-01
184 CBUAE 2022-08-31 exchange Multiple
185 ADGM 2022-08-25 1,321,200 Wise Nuqud Ltd. payment firm Fine
186 ADGM 2022-07-19 DSV fund manager
187 ADGM 2022-07-19 ADSI fund manager
188 ADGM 2022-07-19 Sarwa fund manager
189 CBUAE 2022-06-16 insurance Multiple
190 CBUAE 2022-06-14 other Multiple
191 ADGM 2022-06-09 ATME broker
192 ADGM 2022-06-09 ACL broker
193 DFSA 2022-05-18 Multiple
194 DFSA 2022-03-17 4,610,342 Adenium Energy Capital Ltd (In Official Liquidation) (Adenium Cayman) fund manager Fine
195 DFSA 2022-03-16 354,096 Adenium Energy Capital Advisors Limited broker Fine
196 DFSA 2022-03-16 482,972 Fine
197 DFSA 2022-03-16 271,286 Mr Youssef Fouad Chaker fund manager Fine
198 DFSA 2022-03-15 Coworth Fintech Ltd fintech Reprimand
199 DFSA 2022-03-15 Novus Fintech Ltd fintech Reprimand
200 DFSA 2022-03-15 Coworth Investments Ltd fund manager Reprimand