DIFCA

AcronymDefinition
DIFCADubai International Financial Centre Authority
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Both individuals pursued claims again the DIFCA arising out of the termination of their employment and although the claims were heard at separate hearings, both cases were heard before Deputy Chief Justice Sir Anthony Colman.
However, DIFCA also said that the picture was not quite so bright as far as occupancy of office space owned by third-party developers in the
The new law also provides specific provisions clarifying that DIFCA is now responsible for establishing, regulating and developing the Centre's payment systems.
Abdulla Mohammed Al Awar, chief executive officer of DIFCA, said: "This move further portrays the co-operation between DIFC bodies to ensure that the highest standards of compliance are achieved.
At the DIFCA, Mark provided support and guidance to Lloyd's Managing Agents setting up in Dubai in preparation for the launch of Lloyd's Dubai platform.
Summary: The Dubai International Financial Centre Authority, or DIFCA, announced on Tuesday key shake-up in its structure and senior management team.
Previously DNFBPs were supervised for AML/CFT compliance by the Dubai International Financial Centre Authority ( DIFCA ).
Abdullah Mohammad Al Awar, Chief Executive Officer of DIFCA, said: "This move further portrays the co-operation between DIFC bodies to ensure that the highest standards of compliance are achieved.
Such funds can only have 100 or fewer unitholders and cannot be offered to the public -- distribution being only by way of private placement, the DIFCA said.
Very strong' link with the Dubai government, which fully owns DIFCI through DIFCA, assigns managers, and closely supervises the group.
The statistical data was compiled using DIFC's secure, web-based online portal DIFCSTAT, which manages all official and administrative communications between DIFCA and licensed companies.
Following a tour of the DIFC, the Bankseta delegation heard from Kevin Birkett and Aathira Prasad, respectively Head of Financial Services and Director of Macroeconomics and Statistics at DIFCA, as well as Chris Mouchbahani, managing partner at M Capital Group, and Venkatesh Srikantan, director of consumer banking at Barclays.