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HSBC Investigated for Money Laundering

Furthermore, the investigators were also probing whether HSBC circumvented US law by transferring money through its American subsidiary for sanctioned nations, including Iran, Sudan and North Korea.

US regulations probed at forum

The event was organised by the Bahrain Association of Banks and accountancy practice KPMG Fakhro to update the delegates on the best approach for Bahrain.

Barclays Said to Face Possible U.K. SFO Probe Over Qatar Fees

The Serious Fraud Office, which prosecutes bribery and white collar crime, may inform the London-based bank about its decision on a probe this week, according to the people, who declined to be identified because the discussions are private.

Janata Bank recalls UAE chief

The bank's Dubai branch faces charges of fraud worth $1.3 million; a BB team visits Dubai to further probe the scam

Complaint filed with Israeli Banking Regulation against Bank HaPoalim

The conduct of the US government and Bank HaPoalim in this case is particularly unreasonable, given that the bank in question is located in Jerusalem - Corpus Separatum by international law.

Kuwaiti investment firm targets Carlyle in $25m claim

"NIG argues that the investment contract is void because Carlyle, despite doing business for years in the Middle East, has never had a securities licence in Kuwait," the firm said.

US investigates UniCredit over sanctions ‎

Unicredit has confirmed it is co-operating with a US investigation into a possible breach of sanctions.

Commerzbank admits Iran sanctions investigation

Commerzbank has become the latest bank to admit it faces being fined as part of a US investigation into sanctions busting by international financial institutions.

Iran looks to Armenia to skirt bank sanctions

With international sanctions squeezing Iran, the Islamic Republic is seeking to expand its banking foothold in the Caucasus nation of Armenia to make up for difficulties in countries it used to rely on to do business, according to diplomats and documents

UK's most wanted tax fugitives 'in Dubai'

HM Revenue & Customs published the details of the nineteen men and one woman, all wanted for payments totalling £765m.

Al Mulla calls for overhaul of DFSA, Nasdaq Dubai

In a comment piece in the Financial Times on the decision to split Dubai International Financial Centre Authority (DIFCA) - which governs the financial free zone - into two entities, Dr Habib Al Mulla, said a similar overhaul is needed at Nasdaq Dubai and

ADX achieves 100% in results disclosure compliance in second quarter

Investors can trade securities listed on ADX through any of its registered brokers and ADX has custody agreements with HSBC, National Bank of Abu Dhabi, Standard Chartered Bank, Deutsche Bank and Citi.

HSBC dealings in Middle East in spotlight

But the 335-page investigative report into money laundering violations contained a trove of information about HSBC’s dealings in the Middle East, including Iran and Syria.

Basel III Arrives Early For UAE

Central Bank orders regional banks to meet liquidity requirements from January 2013, in preparation for Basel.

DIFC Courts launches an appeal to all lawyers in the UAE

The DIFC Courts, the English language, common law judicial system based in Dubai, has launched an appeal to all lawyers in the UAE to lend their professional knowledge to help support the Courts' Pro Bono Clinic initiative and servethose in need.

Dubai investigates Standard Chartered

The move follows allegations the UK bank concealed as much as US$250 billion (Dh918.26bn) in transactions with Iran that violated US sanctions.

Clifford Chance advises on Saudi Binladin Group short-term sukuk

Clifford Chance LLP and Al-Jadaan & Partners have advised HSBC Saudi Arabia Limited on the issuance by SBG Sukuk Limited of its third short-term sukuk, guaranteed by Saudi Binladin Group Limited.

Fraud inquiry threat to Barclays over Arab bailout

Serious Fraud Office collaborating with City watchdog's investigation into controversial deal

Government watchdog claims some Israeli nonprofits used for money laundering

Claim included in the explanatory notes to a bill that would give the registrar new powers to regulate nonprofits and impose administrative sanctions.

Restoring confidence in investment funds, UAE paper

So, the fund management market needed a proper set of directions.

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