DFSA

Unnamed entity

DFSA fined Mr Wassef El Sawaf USD 131,600 for knowingly being concerned in Adenium entities' breaches of financial services prohibitions, AML, CDD, capital, and governance rules.

Date

2022-03-16

Entity type

—

Action type

Fine

Fine (as written)

USD131,600

Fine (normalised AED)

482,972

Personal fine

Yes

Individual role

CEO / SEO / Director

Regulations breached

Regulatory Law 2004, Collective Investment Law 2010, AML, COB, PIB Rules, Principles for Authorised Individuals

Scraped at

2026-07-04T16:49:39.922335+00:00

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