Dubai Financial Services Authority, the regulator of the emirate's financial hub, tied up with business information services provider Thomson Reuters to develop a learning portal for regulatory and compliance training.
The “collaborative” project is one of the first for a financial services regulator, the DFSA said in a statement on Wednesday.
“Our role in maintaining DFSA’s reputation as a leading global financial centre requires rigorous monitoring of regulatory standards for more than 500 authorised firms located within this financial free zone,” Peter Smith, managing director and head of strategy, policy and risk at DFSA, said.
“Our work with Thomson Reuters for the development of this digital learning portal is an effective and efficient means of providing access to training that can assist DFSA-authorised firms to maintain staff competence and expertise.”
The UAE has been strengthening its framework of regulations governing the prevention of money-laundering and terrorism financing.
In February, the Emirates set up a new Executive Office of Anti-Money Laundering and Counter Terrorism Financing, to work alongside multilateral bodies such as the Paris-based Financial Action Task Force. The office is linked to the Ministry of Foreign Affairs and International Co-operation.
Thomson Reuters has developed five training courses that are available in Arabic and English. These will cover anti-money laundering and counter terrorist financing, sanctions, information security and cyber risk awareness, data privacy and code of conduct (ethics), the statement said.
Registration to the digital learning portal starts on May 19.
The website will offer employees at DFSA-authorised firms, such as senior executives, money laundering reporting and compliance officers, access to training courses on compliance and business conduct, according to the statement.
Our work with Thomson Reuters is an effective and efficient means of providing access to training that can assist DFSA-authorised firms to maintain staff competence and expertise
“A well-functioning financial services industry is crucial to supporting other industries and, consequently, economic growth,” Hamed Halawani, head of risk for the Middle East and North Africa at Thomson Reuters, said.
“Our collaboration with the DFSA enables us to contribute our expertise in regulatory and compliance training to an organisation that maintains the highest industry standards.”
Meanwhile, the UAE's Ministry of Economy has started inspections of designated non-financial businesses and professions to ensure they are following anti-money laundering and combating terrorism financing rules.
Businesses including brokers, property agents, auditors, dealers of precious metals and gemstones, and corporate service providers such as company formation agents were urged to register with the relevant anti-money laundering bodies before April 30 to avoid being fined.
FIRST TEST SCORES
England 458
South Africa 361 & 119 (36.4 overs)
England won by 211 runs and lead series 1-0
Player of the match: Moeen Ali (England)
Sun jukebox
Rufus Thomas, Bear Cat (The Answer to Hound Dog) (1953)
This rip-off of Leiber/Stoller’s early rock stomper brought a lawsuit against Phillips and necessitated Presley’s premature sale to RCA.
Elvis Presley, Mystery Train (1955)
The B-side of Presley’s final single for Sun bops with a drummer-less groove.
Johnny Cash and the Tennessee Two, Folsom Prison Blues (1955)
Originally recorded for Sun, Cash’s signature tune was performed for inmates of the titular prison 13 years later.
Carl Perkins, Blue Suede Shoes (1956)
Within a month of Sun’s February release Elvis had his version out on RCA.
Roy Orbison, Ooby Dooby (1956)
An essential piece of irreverent juvenilia from Orbison.
Jerry Lee Lewis, Great Balls of Fire (1957)
Lee’s trademark anthem is one of the era’s best-remembered – and best-selling – songs.
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
The specs: 2017 Maserati Quattroporte
Price, base / as tested Dh389,000 / Dh559,000
Engine 3.0L twin-turbo V8
Transmission Eight-speed automatic
Power 530hp @ 6,800rpm
Torque 650Nm @ 2,000 rpm
Fuel economy, combined 10.7L / 100km
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
GCC-UK%20Growth
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Heather, the Totality
Matthew Weiner,
Canongate
INDIA%20SQUAD
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Prophets of Rage
(Fantasy Records)
