Appeals court increases fine on four banks, three officials in money laundering case
AN appeals court in Bahrain has increased the fines imposed on three officials and four banks in connection with a…
Fraud & Ethics
711 articles found
Fraudster David Haigh told he faces jail if he fails to provide financial details to a UK court
David Haigh, the former executive of Bahrain’s GFH Financial Group and a convicted fraudster, has been told he faces jail…
Scams and fraudsters on the rise, UAE central bank warns
Scammers are back and targeting hapless UAE consumers during a time of heightened uncertainty, according to the UAE Central Bank.…
Think tank skewers Dubai as hub for ‘dirty money’
US-headquartered global think tank Carnegie Endowment for International Peace has said that Emirati leaders and the international community have turned…
Kuwait authorities crackdown on money laundering cases
The bust of a money laundering gang in Kuwait masterminded by an Iranian in collusion with others, including Kuwaitis, helped…
Saudi company sues Natwest over ‘$5m scam’
A Saudi engineering business that claims it was tricked into sending $5 million to a Natwest bank account at a…
1MBD scandal: Kuwait royal family member arrested for money laundering
Sheikh Sabah Jaber Al Mubarak Al Sabah, son of the former prime minister, and his business partner Hamad Al Wazzan,…
Think tank skewers Dubai as hub for ‘dirty money’
US-headquartered global think tank Carnegie Endowment for International Peace has said that Emirati leaders and the international community have turned…
Saudi Arabian Monetary Authority quashes rumors of bank account freezes
The Saudi Arabian Monetary Authority (SAMA) on Monday quashed rumors it would freeze bank accounts of expatriate workers whose incomes…
Wirecard Probe Expands with Arrest of Head of Dubai-Based Subsidiary
German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of Wirecard, widening the circle of…
COVID-19: Corruption prevails as Kuwait fights pandemic
“We would have shut our eyes to an unwarranted smile on the face of our Prime Minister, had we not…
Dubai Police arrest 12 international cybercriminals in operation ‘Fox Hunt 2’
Dubai Police recently arrested Raymond Igbalode Abbas, also known as "Hushpuppi" and Olalekan Jacob Ponle aka "Woodberry" in a special…