The Dubai Financial Services Authority (DFSA) announced, this week, that it had commenced proceedings in the DIFC Courts in respect of a DIFC Authorised Firm.
The announcement stated that the DFSA had brought the proceedings for the purpose of enforcing compliance with two investigative Notices.
The DFSA’s Particulars of Claim filed in the DIFC Courts makes reference to Mr Munir Kaloti, who was a customer of the Firm.
The DFSA confirms that neither Mr Munir Kaloti nor the Kaloti Group of companies are or were the subjects of the DFSA’s investigation.
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