Statutory Risk Dashboard

Liability exposure zones derived strictly from DIFC statutory penalties and enforcement provisions.

Refcon 1: Critical Exposure Zones

Wrongful Trading ⚠️
Insolvency Law Art 113

Director knew/ought to have known there was no reasonable prospect of avoiding insolvent liquidation and failed to minimise loss to creditors.

Liability: Personal Contribution to Company Assets (Unlimited)
Insider Dealing ⚠️
Markets Law Art 52

Dealing in securities on basis of Inside Information. Includes tipping off or encouraging others to deal.

Liability: Unlimited Fine + Restitution + Public Censure
AML System Failure ⚠️
DFSA AML Rule 4.1

Failure to implement effective AML systems and controls (KYC, CDD, SAR reporting).

Liability: Severe Financial Penalty + License Revocation

Refcon 2: High Operational Risk

False Solvency Statement
Companies Law Art 45(5)

Director making a solvency statement without reasonable grounds for the opinion.

Liability: Contravention of Law (Fine) + Personal Liability for Debt
Accounting Records Failure
Companies Law Art 103

Failure to keep records sufficient to show and explain transactions and financial position.

Liability: $25,000 Administrative Fine
UBO Non-Compliance
UBO Regulations

Failure to maintain accurate and up-to-date Register of Ultimate Beneficial Owners.

Liability: Strike Off + Administrative Fine

Refcon 3: Administrative Compliance

Late Filing (Annual Return)
Companies Law Art 26

Failure to file Confirmation Statement upon license renewal.

Liability: $2,000 Fine
Improper Name Use
Operating Law Art 10

Trading under a name other than the registered name (or without "Limited"/"PLC" suffix).

Liability: $2,000 Fine

Compliance Monitoring Calendar

DAILY
Solvency Check: Directors must constantly monitor cash flow solvency (Insolvency Law Art 3).
EVENT
14 Days: File notice of change of Director or Registered Office (Companies Law).
EVENT
30 Days: File Return of Allotment of Shares (Companies Law Art 47).
ANNUAL
License Renewal: File Confirmation Statement / UBO Confirmation (Companies Regs).
ANNUAL
Audited Accounts: Reporting Entities must file within 4 months of YE (Markets Law).