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Clements (Dubai) Limited
Clements (Dubai) Limited was fined for intermediating direct insurance for UAE risks outside the DIFC without a license and for failures in systems, controls, and AML.
Date
2016-09-21
Entity type
insurance
Action type
Fine
Fine (as written)
US$85,191
Fine (normalised AED)
312,651
Personal fine
No
Regulations breached
DFSA COB Rule 7.2.2(b), AML, GEN Rules 4.2.2, 4.2.3, Federal FFZ Law Art 4(4)
Scraped at
2026-07-04T16:55:58.811928+00:00