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.
Killing of Qassem Suleimani
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
Match info
UAE v Bolivia, Friday, 6.25pm, Maktoum bin Rashid Stadium, Dubai
'Worse than a prison sentence'
Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.
“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.
“They were living in perpetual mystery as to how their futures would pan out, and what that would be.
“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.
“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.
“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”
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Killing of Qassem Suleimani
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
Bert van Marwijk factfile
Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder
Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia
Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands
'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
Barcelona 3
Messi (27’, 32’, 87’)
Leganes 1
El Zhar (68’)
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
House-hunting
Top 10 locations for inquiries from US house hunters, according to Rightmove
- Edinburgh, Scotland
- Westminster, London
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- Fife, Scotland
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