Browsing: enforcement action

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has announced the imposition of enforcement measures following an investigation into serious regulatory breaches and misconduct involving the Hayvn Group of Companies—trading as “HAYVN”—its former Chief Executive Officer, Christopher Flinos, and associated entities.

DIFC has fined OCS International Finance Ltd AED 2.64M, and CEO Christian Thurner must pay an additional AED 682,631 after a 30% settlement discount.