AAF MENA Ltd.: $5K Fine
Public Notice by the Abu Dhabi Global Market Financial Services Regulatory Authority that it has imposed a fine of $5,000 on AAF MENA Ltd. for regulatory breaches.
Emirates Advocates LLP: $10K Fine
Public Notice by the Abu Dhabi Global Market Financial Services Regulatory Authority that it was imposed a fine of $10,000 on Emirates Advocates LLP for regulatory breaches.
Crowe Mak LLP: $5K Fine
Public Notice by the Abu Dhabi Global Market Financial Services Regulatory Authority that it has imposed a fine of $5,000 on Crowe Mak LLP for regulatory breaches.
World Credit Solutions Ltd.: $5K Fine
Public Notice by the Abu Dhabi Global Market Financial Services Regulatory Authority that it has imposed a fine of $5,000 on World Credit Solutions Ltd., which claims on its website at www.worldcredit.solutions to offer "regulatory compliance services", for regulatory breaches, including a failure to "be open and cooperative in all its dealings with the Regulator". Editor's Note: Research by OffshoreAlert in the National Economic Register of the United Arab Emirates showed that World Credit Solutions Ltd. was incorporated on April 19th, 2018 and operated as a "management consultancy" and "compliance consultancy". No information about the company's officers, directors, or shareholders was available on the NER or on the firm's website and the ownership of its domain name is concealed using a privacy service.
Elmar Capital SPV Ltd.: $10K Fine
Public Notice by the Abu Dhabi Global Market Financial Services Regulatory Authority that it was imposed a fine of $10,000 on Elmar Capital SPV Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the National Economic Register of the United Arab Emirates showed that Elmar Capital SPV Limited was incorporated on December 19th, 2018. No details of individual participants are publicly available from the register or from Elmar Capital SPV's website at www.elmarcapital.ae, where the company offers 'investment programs', but the site's domain name is registered to Ammar Salem, with an email address of ammar.s.bak@gmail.com.
AT Capital Markets Ltd.: Fine
Final Notice by the Abu Dhabi Financial Services Regulatory Authority regarding a financial penalty against AT Capital Markets Limited.
Man Chung Tsui: Fine
Final Notice by the Abu Dhabi Financial Services Regulatory Authority regarding a financial penalty of Man Chung Tsui, of AT Capital Markets Limited.
Alexander Guy: Fine
Final Notice of the Abu Dhabi Global Market Financial Services Regulatory Authority regarding a financial penalty against Alexander David Guy, a citizen of the United Kingdom and "Senior Executive Officer and a Licensed Director of Eshara Capital Limited".
Eshara Capital Ltd.: Fine
Final Notice by the Abu Dhabi Global Market Financial Services Regulatory Authority regarding a financial penalty against Eshara Capital Limited.