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AC Limited (Hayvn)
AC Limited (Hayvn), a VASP, was fined USD 3M and had its license revoked by the FSRA due to operating outside its FSP, poor controls, client money issues, and AML failings.
Date
2025-04-03
Entity type
VASP
Action type
Multiple
Fine (as written)
USD 3,000,000
Fine (normalised AED)
11,010,000
Personal fine
No
Regulations breached
FSMR 2015, GEN, COBS, AML Rules (unauthorised activities, weak controls, client money, AML/CDD, misleading info)
Scraped at
2026-07-04T14:13:15.237205+00:00