Deutsche Bank fined $8.4m by Dubai regulator

The Dubai Financial Services Authority ("DFSA"), announced today, that it has fined the DIFC branch of Deutsche Bank AG ("DBDIFC"), USD $8,400,000 (AED 30,849,000) for serious contraventions. Those contraventions include misleading the DFSA, failures in DBDIFC's internal governance and systems and controls and in its client take-on and anti-money laundering…