OCS International Finance Ltd.: $721K Fine (Dubai)

Decision Notice by the Dubai Financial Services Authority imposing a fine of $720,905 on OCS International Finance Ltd. for regulatory breaches, including lying on a license application form to conceal that its owner, Christian Franz Thurner, who is a citizen of Austria, had a prior criminal conviction “outside the UAE” for fraud and other offenses, for which “Mr Thurner was sentenced to 15 months imprisonment”.

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Pages: 47

Topic: Regulatory

Allegation: Fraud

Date: September 17, 2024

Defendant(s)/Respondent(s): OCS International Finance Ltd.

Plaintiff(s)/Applicant(s): Dubai Financial Services Authority

Topics

Austria Fraud Regulatory United Arab Emirates

Keywords

Christian Thurner OCS International

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OCS International Finance Ltd.: $721K Fine (Dubai)

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