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Rudolfs Veiss vs Qatar Financial Centre Regulatory Authority

Appellate Division
RTFIC0002/2023 Rudolfs Veiss vs Qatar Financial Centre Regulatory Authority
Neutral Citation
[2024] QIC (A) 10
Date
04 September 2024
Status
Keywords
Appellate Division
Decision Notices
Financial services
Insurance mediation
Prohibition
Financial Penalty
Lack of integrity
Lack of due skill, care and diligence
AML/CFT Rules
Compliance
Judges
The Rt. Hon. The Lord Thomas of Cwmgiedd
Her Honour Frances Kirkham CBE
Laurence Li SC
Summary

The Qatar Financial Centre Civil and Commercial Court Appellate Division, led by Lord Thomas of Cwmgiedd, dismissed Rudolfs Veiss' appeal against the Qatar Financial Centre Regulatory Authority's (QFCRA) decision that he violated regulations. The financial penalty was reduced to $240,000, payable in installments, but the 5-year suspension was upheld. Veiss was found to have contravened regulations by obtaining letters of authority during a restriction period, altering documents, and failing to provide complete client lists. He is ordered to pay 75% of the QFCRA’s appeal costs.

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Judges

  • The Rt. Hon. The Lord Thomas of Cwmgiedd

    Wales

  • Her Honour Frances Kirkham CBE

    England

  • Laurence Li SC

    Hong Kong

Judgment Content

Other Judgments related to the same case

RTFIC0002/2023 Rudolfs Veiss vs Qatar Financial Centre Regulatory Authority

  • Judgment No:

    [2023] QIC (RT) 3

    12 October 2023
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