cfi 021/2023

DUBAI FINANCIAL SERVICES AUTHORITY v ARIF NAQVI [2023] DIFC CFI 021 — Regulatory enforcement and default judgment (18 September 2023)

The lawsuit concerns a significant regulatory enforcement action brought by the Dubai Financial Services Authority (DFSA) against Arif Naqvi. The claim, valued at USD 135,632,809, arises from the DFSA’s regulatory oversight mandate within the Dubai International Financial Centre.