QFC 003/2011

Seifeldin Abdelkareem v QFC Regulatory Authority-1

7 May 2012

Mr Seifeldin Abdelkareem; Mr Seifeldin Abdelkareem (Appellant in Person)

Mr Ben Jaffey, Counsel, Blackstone Chambers, UK and Mr Shane Sibbet, Counsel, Blackstone Chambers, UK

DECISION

This Appeal

1. By a Notice of Appeal dated 23 May 2011, the Appellant (''Mr. Abdelkareem") appeals from a decision of the QFC Regulatory Authority (the "Authority") dated 28 March 2011 (the "Decision").

2. In the Decision, the Authority imposed on Mr. Abdelkareem:

(1) a penalty ofUS$100,000 (the "Financial Penalty"); and

(2) an order prohibiting Mr. Abdelkareem from performing any function for, or being employed by, any Authorised Firm in the Qatar Financial Centre (the "Prohibition Order").