Findings from DFSA risk assessments of DIFC Private Banks
On 23 February 2024 the DFSA released a “Dear SEO letter” presenting its key findings following its 2023 on-site risk assessments of Authorised Firms (firms) operating private banking businesses in the DIFC. The Dear SEO letter shares the DFSA’s key themes and findings, and is designed to promote best practice, high standards of regulatory compliance, and wider improvements across firms in the DIFC.