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DIFC regulator announces action against Stuart Coles and 3 related companies

Fintech company director fined Dh881,400 for obstruction of investigation

DFSA fines director $240,000 and censures three related firms

Dubai regulator fines director $240,000 over unauthorised financial services activity

The Dubai Financial Services Authority today (6 July) continued its growing enforcement activity imposing a hefty fine of $240,000 on director Stuart Coles and censuring.

Dubai Financial Services Authority Fines Director USD 240,000 And Censures Three Related Firms For Obstruction

<p><span>The Dubai Financial Services Authority (DFSA) has today published Decision Notices taking action against Mr Stuart Coles (Mr Coles) and three related companies of which Mr Coles was the sole owner and director.&nbsp; The three firms are Coworth Fintech Ltd, Coworth Investments Ltd and Novus Fintech Ltd.</span></p>

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