close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

E*Trade to close Dubai office

E*Trade to close Dubai office

E*Trade Financial Corp is closing its Dubai branch, just months after it was fined in the emirate for breaching anti-money laundering controls, the online U.S. broker said on Tuesday.

0

August 2, 2011 4:20 by



“We made a business decision to close the branch in Dubai as the current and projected opportunity does not support the investment required to maintain a local branch,” Susan Hickey, E*Trade’s senior vice-president for corporate communications told Reuters in an e-mailed statement.

“We have fewer than 400 customer accounts in Dubai. We have 2.7 million brokerage accounts globally so its immaterial to our business,” she said.

It has not yet been decided when the firm’s office in the Dubai International Financial Centre (DIFC) would close, but she added it was working towards a “smooth transition”.

In May the Dubai Financial Services Authority (DFSA), which is the regulator for the Nasdaq Dubai bourse, said it fined E*Trade $200,000 for breaching anti-money laundering controls.

The regulator fined the firm for failing to obtain sufficient evidence of its clients’ source of wealth and for not providing adequate address details for some of its clients.



0

Tags: , , , , ,

Leave a Comment