Virtual assets platform Hayvn and related entities fined $12.45m by Abu Dhabi's ADGM authorities

Abu Dhabi imposes Rs 107 crore fine on Hayvn Group, ex-CEO

In a significant joint enforcement action, the Financial Services Regulatory Authority (FSRA) and the Registration Authority (RA) of Abu Dhabi Global Market (ADGM) have imposed penalties totalling USD 12.46 million (Rs 1,07,27,62,760) on the virtual asset trading platform Hayvn Group, its former CEO Christopher Flinos, and related entities for serious regulatory breaches in their operations. The investigation revealed that Hayvn ADGM, a subsidia…

Virtual assets platform Hayvn and related entities fined $12.45m by Abu Dhabi's ADGM authorities

Group founder Christopher Flinos is banned from conducting business in financial free zone after 'serious breaches'

NEWS: Crypto firm HAYVN fined $12.45M in Abu Dhabi for AML failures - AML Intelligence

This content is for members only. Visit the site and log in/register to read. The post NEWS: Crypto firm HAYVN fined $12.45M in Abu Dhabi for AML failures appeared first on AML Intelligence.

ADGM regulator fines HAYVN Group and its CEO for regulatory breach and unlicensed crypto activities

The Financial Services Regulatory Authority (FRSA) of Abu Dhabi Global Market (ADGM) has sanctioned HAYVN group and its founder, Christopher Flinos. In a press release on Monday, ADGM confirmed the development. The statement revealed that FSRA imposed a fine of $8.85 million after conducting an investigation. The regulator also took proactive measures to ensure that the clients of ADGM were not affected by the misconduct. As part of the enforcem…

Virtual assets platform Hayvn, related entities fined $12.4mln in Abu Dhabi ADGM crackdown

Former CEO Christopher Flinos has barred indefinitely conducting business in the financial free zone

Abu Dhabi regulator fines crypto firm and its CEO over $12m over unlicensed activity

Abu Dhabi’s financial regulator has fined crypto firm Hayvn and its CEO more than $12 million for AML breaches and unlicensed activity. The Financial Services Regulatory Authority of Abu Dhabi Global Market has taken enforcement action against Hayvn Group and…