Was Bank Leumi too hasty in revealing U.S. clients' info to the IRS?
The issue of whether Israeli banks should take the Swiss approach and refuse to disclose customer identities may be a…
Tax
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Moroccan king hits back at Swiss HSBC bank account accusations
Morocco's King Mohammed VI on Wednesday hit back at accusations of wrongdoing saying that holdings made with HSBC’s Swiss banking…
Grant Thornton Abdulaal appoints new director
Grant Thornton Abdulaal, a leading professional services firm that offers audit and advisory services, has appointed Sunil Thakkar as the…
UAE banks to comply with Fatca before deadline
The UAE’s financial institutes are set to comply with the US’s Foreign Account Tax Compliance Act (Fatca) before the deadline…
The real ‘housewives’ of HSBC
It was just a day in the life of a housewife. Hanne Tox, a Danish woman then 57 years…
Estimated 6,500 Israelis held $10 billion in secret HSBC bank accounts
A cache of secret bank files shows that HSBC's Swiss banking arm helped wealthy customers avoid taxes and hide millions…
Revealed: Wealthy Arab royals embroiled in HSBC Swiss bank scandal
The secret Swiss bank accounts of numerous wealthy Arabs have been revealed in an international expose into HSBC Private Bank’s…
Dubai Islamic Bank Partners with SAS to Combat Money Laundering
SAS, the leader in business analytics software and services, announced its collaboration with Dubai Islamic Bank to help prevent money…
Banking giant HSBC sheltered cash linked to dictators and arms dealers
Secret documents reveal that global banking giant HSBC profited from doing business with arms dealers who channeled mortar bombs to…
UK stamp duty changes to have impact on Middle East investors
Recent alterations to the UK's stamp duty tax are expected to have a significant impact on the investment geography across…
AAOIFI Standards go digital with Thomson Reuters
In an unprecedented move in the development of the Islamic finance industry, the Accounting and Auditing Organisation for Islamic Financial…
HSBC the latest bank to implement FATCA
Many people, including American citizens working in the Gulf state, received recently letters from their UAE-based banks asking them for…