ADGM’s Registration Authority has imposed financial penalties totalling $37,500 on Half Moon Investments Limited and its three directors for failing to file its 2023 financial statements by the statutory deadline.
The penalties, effective August 26, 2025, comprise $7,500 against Half Moon and $10,000 each for directors Shaukat Murad, Zia Murad, and Manuel Mateos.
This follows a similar action in March 2023, when the RA fined the same company and individuals for missing filing deadlines on 2021 accounts. That earlier fine amounted to $38,000.
ADGM requires all entities licensed in its jurisdiction to submit annual accounts and reports by explicitly defined deadlines, in compliance with both local rules and international standards, including those set by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes.
The RA’s CEO emphasised the ongoing expectations on directors to file accurately and on time, citing the penalties as an enforcement mechanism to uphold regulatory integrity and transparency.
