A Real Estate Empire Built on Dark Money
Since 2012, hundreds of millions of dollars from Kyrgyzstan — one of the poorest countries on earth — have poured…
Fraud & Ethics
711 articles found
Hackers target WhatsApp users in Saudi Arabia with new phone scam
WhatsApp users in Saudi Arabia have witnessed a rise in cases of hacking. The problem begins when users receive…
DFSA fines former compliance officer
The Financial Markets Tribunal (FMT), a specialist independent tribunal, has affirmed a decision by the Dubai Financial Services Authority (DFSA)…
Financial watchdog urges Turkey to step up efforts against money laundering
Turkey has understood the risks it faces from money laundering and terrorist financing but serious shortcomings remain, including the need…
UAE bank told to pay for Dh4.7 million after SIM swap fraud
A recent judgment by a Dubai court, which held a local bank responsible for a Dh4.7 million SIM card swap…
Jury dismissed in Barclays Qatar fraud trial
The jury in the fraud trial against four former Barclays bankers – including the former chief executive, John Varley –…
Nine arrested in Yorkshire over Dubai money-smuggling plot
Nine men have been arrested in Yorkshire as part of a money-laundering investigation into a gang who was smuggling money…
Saudi banks’ crackdown on financial fraud sees big fall in cases
Saudi banking organizations are winning the fight against financial fraud after figures showed a significant fall in the number of…
Malaysia Gets Abu Dhabi's IPIC Into Court Over 1MDB
In a major triumph for Malaysia’s prosecutors the British Court of Appeal ruled in their favour to overturn an earlier…
Ex-Barclays executive: Qatar wanted to be bank's 'special' Gulf
At a fraud trial over undisclosed payments by Barclays, Roger Jenkins, one of its former executives, said Qatar had wanted…
Barclays’ Jenkins Told SFO Qatar Fees Justified by Opportunities
Former Barclays Plc executive Roger Jenkins thought that fees paid to Qatar, which prosecutors say were fraudulent, were justified by…
$2m fraud in Dubai: How two men conned bank customers
A bank manager and an investor have both been convicted by a Dubai court on Monday on charges of fraud…