The Dubai Financial Services Authority (DFSA) said it fined Wael Abdelmohsen Abdellatif Mohamed Emara, also known as Mohsen, $139,722 (Dh513,129). The regulator said the original fine was reduced from $285,149 after Mohsen agreed to settle with the DFSA and requested a reduction on grounds of financial hardship. The DFSA also prohibited him from holding office or working at any DFSA-authorised firm. He has also been restricted from carrying out any function connected to financial services in or from DIFC. Alan Linning, Managing Director of Enforcement at the DFSA, said: “The DFSA expects employees of Authorised Firms to observe the highest standards of integrity in carrying out Financial Services in or from Dubai International Financial Centre (DIFC)." Linning added, "In misleading and deceiving clients and reinsurers as he did, Mr Mohsen failed to meet those standards.…