ADGM

Mr. Christopher Flinos

Mr. Flinos was fined USD 750,000 and prohibited from performing regulated functions in ADGM for his direct involvement in unlicensed activities, operating outside FSP scope, and client asset mismanagement.

Date

2025-04-03

Entity type

VASP

Action type

Multiple

Fine (as written)

USD 750,000

Fine (normalised AED)

2,752,500

Personal fine

Yes

Individual role

Senior Executive Officer / Licensed Director

Regulations breached

FSMR sections 16, 20, 220; GEN Rule 2.2.9; COBS Rule 14.2.1

Scraped at

2026-07-04T14:13:06.26991+00:00

View original notice →