Bahraini Court Fines Central Bank of Iran in Money Laundering Case
The Bahraini High Criminal Court has sentenced three Iran-owned Future Bank officials charged with financial crimes and money laundering to…
Fraud & Ethics
710 articles found
CBO warns against unlicensed money collection
The Central Bank of Oman has warned the public against dealing with the money transfer services that are not licensed…
Never share bank details over the phone, cops in UAE warn
Scammers are on the prowl again as another of batch of fraudulent ‘bank’ messages have circulated in recent weeks, the…
UAE Central Bank fines 2 exchange houses for violating rules
The UAE Central Bank on Monday said it imposed administrative sanctions on two exchange houses for violating rules pertaining to…
CBUAE imposes administrative sanctions on two exchange houses operating in the UAE
On 4th of October 2020, the Central Bank of the UAE has imposed sanctions on two exchange houses operating in…
Report indicates an increase in banking fraud in Africa and Middle East region
Back in August, Kaspersky reported an increase in targeted phishing attacks in the African region with over 2 Million detected…
Hong Kong fines Goldman Sachs record $350m over 1MDB
The Securities and Futures Commission (SFC) has reprimanded and fined Goldman Sachs (Asia) L.L.C. (Goldman Sachs Asia) US$350 million (HK$2.71…
8 types of fraud to watch out for in the UAE
Earlier this year, the UAE Banks Federation (UBF), Central Bank of the UAE (CBUAE), and Abu Dhabi and Dubai Police…
UAE central bank urges banks to step up anti-money laundering efforts
The United Arab Emirates central bank said banks should increase anti-money laundering efforts to safeguard financial stability in the country.…
Turkey's Akbank selects Featurespace for fraud prevention
Featurespace™, the leading provider of Enterprise Financial Crime prevention software announced that Istanbul-based Akbank has selected the ARIC™ Risk Hub…
Saudi Arabia tightens anti-money laundering curbs
Saudi authorities have approved a set of new rules for the operation of foreign exchange offices in the kingdom as…
UAE and Pakistani finance authorities join hands to combat money laundering
The Financial Intelligence Unit of the UAE has signed an agreement with the Financial Monitoring Unit of Pakistan to combat…