UAE wealth firms fined for regulatory breaches

The Financial Services Regulatory Authority of Abu Dhabi Global Market  has imposed penalties on two wealth managers for contraventions of the Common Reporting Standard (CRS) regulations. Sarwa Digital Wealth (Capital) Limited and ADS Investment Solutions Limited were fined AED36,000 (£8,451, $9,801, €9,778) and AED30,000, respectively. The Organisation for Economic Co-operation…