Fraud & Ethics

Fraud & Ethics

Fraudster David Haigh told he faces jail if he fails to provide financial details to a UK court

July 28, 2020

David Haigh, the former executive of Bahrain’s GFH Financial Group and a convicted fraudster, has been told he faces jail…

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FinTech

Scams and fraudsters on the rise, UAE central bank warns

July 22, 2020

Scammers are back and targeting hapless UAE consumers during a time of heightened uncertainty, according to the UAE Central Bank.…

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Comment & Analysis

Think tank skewers Dubai as hub for ‘dirty money’

July 17, 2020

US-headquartered global think tank Carnegie Endowment for International Peace has said that Emirati leaders and the international community have turned…

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Fraud & Ethics

Kuwait authorities crackdown on money laundering cases

July 16, 2020

The bust of a money laundering gang in Kuwait masterminded by an Iranian in collusion with others, including Kuwaitis, helped…

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Fraud & Ethics

Saudi company sues Natwest over ‘$5m scam’

July 15, 2020

A Saudi engineering business that claims it was tricked into sending $5 million to a Natwest bank account at a…

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Fraud & Ethics

1MBD scandal: Kuwait royal family member arrested for money laundering

July 13, 2020

Sheikh Sabah Jaber Al Mubarak Al Sabah, son of the former prime minister, and his business partner Hamad Al Wazzan,…

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Fraud & Ethics

Think tank skewers Dubai as hub for ‘dirty money’

July 10, 2020

US-headquartered global think tank Carnegie Endowment for International Peace has said that Emirati leaders and the international community have turned…

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FinTech

Saudi Arabian Monetary Authority quashes rumors of bank account freezes

July 7, 2020

The Saudi Arabian Monetary Authority (SAMA) on Monday quashed rumors it would freeze bank accounts of expatriate workers whose incomes…

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Fraud & Ethics

Wirecard Probe Expands with Arrest of Head of Dubai-Based Subsidiary

July 7, 2020

German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of Wirecard, widening the circle of…

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Coronavirus

COVID-19: Corruption prevails as Kuwait fights pandemic

June 30, 2020

“We would have shut our eyes to an unwarranted smile on the face of our Prime Minister, had we not…

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Fraud & Ethics

Dubai Police arrest 12 international cybercriminals in operation ‘Fox Hunt 2’

June 26, 2020

Dubai Police recently arrested Raymond Igbalode Abbas, also known as "Hushpuppi" and Olalekan Jacob Ponle aka "Woodberry" in a special…

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Fraud & Ethics

Paris art experts arrested over looted antiquities

June 25, 2020

Five eminent Parisian antiques specialists have been arrested on suspicion of selling looted Middle Eastern artefacts worth tens of millions…

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