VCG Markets Hires Mohammed Chouikh to Lead Its Regulatory…
By Rick Steves
AI summary of the source article
Broker VCG Markets has appointed Mohammed Chouikh as its Head of Compliance and Money Laundering Reporting Officer, starting 5 October. In this dual role, Chouikh will oversee licensing, governance, contact with regulators, and anti-money laundering and counter-terrorist financing controls. Chouikh holds accreditation under the UAE Capital Market Authority framework and possesses over nine years of experience across brokerage, banking, and investment firms. The hire comes as VCG Markets approaches its fifth anniversary and prepares to expand its regulatory footprint in the Middle East. However, the firm has not yet disclosed specific target licences, entities, or application timetables.
Why it matters
The appointment reflects an increasing trend of international brokers hiring accredited compliance executives as they compete to establish locally supervised operations under diverse UAE regulatory frameworks.
Key facts
- Mohammed Chouikh assumes the dual role of Head of Compliance and MLRO at VCG Markets on 5 October.
- Chouikh has over nine years of financial sector experience and is accredited under the UAE Capital Market Authority framework.
- VCG Markets currently presents itself as regulated in the UAE and Mauritius as it nears its fifth anniversary.