Partner with WMS — Whether you are a financial institution, securities broker, introducer, promoter, insurer, virtual asset service provider, precious metals dealer, real estate firm, or corporate service provider, compliance is not optional. AML/CFT is essential.
Partner with WMS — Whether you are a financial institution, securities broker, introducer, promoter, insurer, virtual asset service provider, precious metals dealer, real estate firm, or corporate service provider, compliance is not optional. AML/CFT is essential.
DFSA
Regulatory Update from DFSA
By Dr. Tooba Akram|02 Jun 2026
Regulatory Update from DFSA
Regulatory Update from #DFSA: Compliance Officer No Longer a Licensed Function The Dubai Financial Services Authority (DFSA) has published Consultation Paper No. 165, proposing significant changes to its approach to Licensed Functions within DIFC-based financial institutions.
#Key#Highlight: The role of the Compliance Officer is proposed to no longer be a licensed function. However, the Money Laundering Reporting Officer (MLRO) will continue to require DFSA approval as an accredited individual.
This shift reflects DFSA’s evolving risk-based supervisory model and aims to streamline governance requirements while maintaining strong AML/CFT oversight.
Professionals in the DIFC compliance and AML space should review the paper to understand how these changes may affect their roles and licensing obligations.
