DUBAI Feb 9 The regulator of Dubai's tax-free
financial centre said on Sunday that Deutsche Bank
had been found to be in "material non-compliance" with orders to
provide information as part of an investigation into alleged
The Dubai Financial Services Authority (DFSA) had in
November last year sued the lender, after almost one year of
investigations into the bank's wealth management division.
The material non-compliance was declared by the court which
covers the Dubai International Financial Centre (DIFC), home to
many large global banks and asset management who were lured by
the region's oil wealth and fast economic growth.
Deutsche Bank declined to comment.
(Reporting By Mirna Sleiman; Editing by David French)