Fraud & Ethics Archives - Managers of Wealth Middle East

Kuwait tightens anti-money laundering rules for gold, real estate sectors

September 3, 2026

Kuwait has introduced stricter anti-money laundering and counter-terrorism financing rules for gold and precious metals traders and the real estate…

Fraud & Ethics

Dubai man loses Dh800,000 bank loan cash in fake banking app scam

June 12, 2026

A man who had just secured a Dh800,000 bank loan lost the entire amount after fraudsters tricked him into downloading…

Fraud & Ethics

Dubai Police warn against sharing banking details in new anti-fraud campaign

March 23, 2026

Dubai Police has launched a strategic initiative to combat financial fraud in collaboration with more than 40 government, semi-government and…

Fraud & Ethics

Kuwait moves to crush bank fraud

December 16, 2025

Attorney General Saad Al-Safran announced the establishment of the Banking Affairs Prosecution Office, which specializes in investigating banking crimes, including…

Fraud & Ethics

Egypt proactively ensures technology is not misused in financial crimes

November 21, 2025

Head of the Anti-Money Laundering and Terrorism Financing Unit Ahmed Said Khalil asserted that Egypt adopted a proactive approach to…

Fraud & Ethics

Gulf Bank highlights the advancement of fraud and cyberattacks

October 24, 2025

In recognition of Cybersecurity Awareness Month and in alignment with the nationwide Diraya campaign led by the Central Bank of…

FinTech

How Online Marketplaces Face Escalating Fraud Threats

October 7, 2025

Fintech firms and online marketplaces are battling sophisticated fraud from account takeovers to application fraud with AI proving a double-edged…

Fraud & Ethics

Gulf Bank warns of rising fraud attempts during summer and travel seasons

August 18, 2025

Gulf Bank is reinforcing its commitment to raising awareness about electronic fraud through the “Diraya” campaign, an initiative by the…

Fraud & Ethics

QNB’s approach to fighting cyber fraud in Qatar: Awareness and technology

December 30, 2024

QNB Group continues to strengthen its role in protecting customers from fraudulent activities by spearheading initiatives to combat phishing scams…

Fraud & Ethics

Saudi banks warn against falling in the trap of scammers impersonating charity firms or public figures

December 23, 2024

The Saudi Banks Media and Awareness Committee has warned customers against falling in the trap of scammers who impersonate charitable…

Fraud & Ethics

How AI is transforming the banking industry and leading the fight against fraud

October 4, 2024

Artificial intelligence is transforming the banking industry by creating seamless customer experiences, automatically detecting fraudulent activity, and completing time-consuming tasks…

Fraud & Ethics

UAE customers complain as banks issue credit cards without proper ID verification

September 27, 2024

Fraudsters are believed to be using a loophole found in some UAE banks to pose as customers to take out…

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