Bahraini court rules on Iran-linked money laundering
Bahrain’s Major Criminal Court has passed jail sentences and fines against bank officials over involvement in money laundering linked to…
Fraud & Ethics
710 articles found
Extradition hearing of former Abraaj CEO to start in London
A four-day extradition hearing is set to get underway in London on Monday involving the founder and former chief executive…
Iranian finance firm’s CEO pleads guilty to multimillion-dollar fraud conspiracy
The chief executive of an Iranian online financial services company pleaded guilty Tuesday to fraud conspiracy charges that federal prosecutors…
The United Arab Emirates: A Key Piece in the Gobal Money Laundering Puzzle
By the normal standards of the Financial Action Task Force (FATF), a recent report into attempts by the United Arab…
Bank Hapoalim to Pay $874 Million to Settle U.S. Tax Charges
Geoffrey S. Berman, the United States Attorney for the Southern District of New York, Jeffrey A. Rosen, the Deputy Attorney…
Beware of 'phishy' numbers
As digital solutions disrupt the banking industry, fraudsters have become increasingly sophisticated resulting in a surge in the number of…
Do not click that link if you are not sure
In the last three months, there has been a 25 to 26 per cent rise in malicious activities online in…
UAE doing too little to stem money laundering and terrorist finance: watchdog
The United Arab Emirates is not doing enough to prevent money laundering despite recent progress, and causing concerns about its…
Coronavirus: Hackers pose as Dubai Police to steal bank details
Cybercriminals are exploiting the anxiety over coronavirus by posing as UAE government officials to get people to disclose their bank…
Combating coronavirus: Dubai warns of $10mln loan scheme fraud
The UAE residents and financial services community have been warned against a scam offering $10 million loan to support young…
A.I. to fight security breaches
Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 per cent since 2014 and…
UAE banking sector joins law enforcement agencies to fight fraud
UAE Banks Federation, the Central Bank of the UAE, Abu Dhabi Police and Dubai Police have launched the UAE’s first…