IFS fined $100,000 by Qatar regulator
As the newly appointed chief executive works to get her house in order
As the newly appointed chief executive works to get her house in order
With the firm’s chairman also censured
Move aims to provide a ‘smoother’ application process for Indian jobseekers
Conduct of Business Code exclusions also applied to Argentina, South Africa and Qatar
Free office space, seed capital and tax incentives set to be on offer
Guardian Wealth has not lodged an appeal against the outstanding fine
The Qatar Financial Centre (QFC) has reported a 69% increase in new firms registering at the hub over the first half of 2018.
The Qatar International Court has ruled that Guardian Wealth Management Qatar is to pay its joint liquidators an additional £100,806.25 ($140,708, €115,163) in fees for work related to the company’s exit from the country.
The Qatar Financial Centre Regulatory Authority has imposed two fines plus costs on Guardian Wealth Management Qatar (in liquidation), a move the company suggests is in retaliation to its decision to cease operating in the country in 2015.
Qatar’s International Court has served a notice on Guardian Wealth Management Qatar LLC, setting a hearing date of Tuesday 24 April for the liquidators just over two years after the international adviser firm decided to exit the independent emirate state.
International financial advisory firm Globaleye has ceased operations in Qatar due to the “ongoing geo-political situation”, the company has told clients.
The move by the UAE to join other Gulf nations in cutting ties with Qatar affects travel by expatriate residents between both states and even extends to comments made by individuals on social media.