The UAE broker was put in the US sanctions list earlier this month for working with persons from Russia.
Financial engineering boutique Arx Financial Engineering (ARX) has been suspended by the Dubai Financial Services Authority (DFSA) after its inclusion in the Specially Designated Nationals And Blocked Persons List (SDN) in the sanctions package published on 2 November by the US Treasury Department's Office of Foreign Assets Control (OFAC) for its dealings with individuals from Russia. Arx participated in determining ways to transfer Russian rubles from the sanctioned VTB bank and conve