#TogetherAgainstFraud: UAE launches fraud awareness campaign amid COVID-19 pandemic
UAE Banks Federation, the Central Bank of the UAE, Abu Dhabi Police, and Dubai Police have announced the launch of…
Fraud & Ethics
710 articles found
Victims reveal huge losses after falling for Dubai property scam
Victims of a property rental scam in Dubai could lose tens of thousands of dirhams after falling foul of fake…
Coronavirus Job Listings and Money Laundering Schemes
Criminals never cease to amaze us. If the recent outbreak wasn’t enough to fill your plate, picture yourself tricked into…
Dubai regulator fines director of failed wealth firm
The Dubai Financial Services Authority has announced that it has fined Mr Ajay Arora USD87,500 (approximately AED321,000), prohibited him from…
Corruption And The Coronavirus
As communities around the world face an unprecedented global health crisis with the rapid spread of the coronavirus or COVID19…
Former Pilatus Bank chair Ali Sadr convicted of fraud
Former Pilatus Bank chair Ali Sadr has been convicted of bank fraud, conspiracy to commit bank fraud, defrauding the United…
Muddy Waters founder calls new NMC Health debt 'a massive fraud'
NMC Health uncovered $2.7 billion of debt hidden from its board that was used for unknown purposes, tipping the troubled…
Barclays executives fend off fraud charge
In a “fresh blow to the credibility of the Serious Fraud Office [SFO]”, three senior Barclays bankers have been acquitted…
Middle East businesses see biggest rise in customer fraud
Fraud and economic crime rates remain at record highs in the Middle East, impacting companies in more ways than ever,…
Middle East businesses see biggest rise in customer fraud
Fraud and economic crime rates remain at record highs in the Middle East, impacting companies in more ways than ever,…
Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks
Bahrain launched legal proceedings on Thursday against a number of individuals and businesses involved in a vast money laundering scheme…
UAE bank fined $600k over money laundering risk
The Jersey branch of a Middle Eastern bank has been fined £475,000 ($613,000) for failing to intervene appropriately when two…