Beware: You can be guilty of money laundering if you do this in the UAE
The UAE Public Prosecution on Friday issued a clarification on money laundering, saying any person having the knowledge that any…
Fraud & Ethics
710 articles found
Swiss authorities ask Lebanon to co-operate on central bank probe
Swiss authorities have opened an investigation into money transfers by Lebanon’s central bank Governor Riad Salameh, a Lebanese government official…
CMA creates new department to combat money laundering
The Capital Market Authority has created a new administrative structure for combating money laundering and for keeping an eye on…
Oman: Seven arrested on charges of online fraud
Seven expats have been arrested by the Royal Oman Police (ROP), on charges of online fraud. A statement issued…
Abu Dhabi jails six, slaps fines of Dhs160m on money laundering charges
Six expats have been imprisoned in Abu Dhabi and slapped with hefty fines on charges of money laundering. The…
UAE jails 6 expats, issues fines up to Dh160 million for money laundering
The Abu Dhabi Criminal Court has convicted six expats, and two companies owned by one of the accused, for committing…
Fraud, corruption tackled during COVID-19: Saudi Central Bank
The governor of the Saudi Central Bank on Wednesday revealed measures taken by the Kingdom to combat the “risks and…
UAE Sets Up Special Courts to Combat Money Laundering
The UAE has set up a series of special federal courts to tackle the issue of money laundering, as part…
AB Bank siphons Tk 236cr more
The Anti-Corruption Commission has found another incident of money laundering, to the tune of about Tk 236 crore, by AB…
The Sentry: African Conflict Gold is Being Laundered in Dubai
The years-long rise in international gold prices has driven a new artisanal gold mining and refining rush in conflict-affected areas…
Central Bank of UAE sets December 2 deadline for registration of all Hawala providers
The Central Bank of the UAE has urged non-registered Hawala providers operating in the UAE to register to obtain the…
Saudis targeted in new wave of financial scams
Convincing-looking fraudulent messages and misleading online adverts are rife in the digital world, so it is not surprising that some…