Christie’s expert hunts for stolen millions in lawsuit against Bank of Valletta
An international hunt for millions in cash stolen from an art specialist in New York has found its way into…
Fraud & Ethics
710 articles found
U.S. sanctions Lebanon's Jammal Trust Bank for ties to Hezbollah
The U.S. Department of the Treasury’s Office of Foreign Assets Control sanctioned Jammal Trust Bank SAL (Jammal Trust), a Lebanon-based…
Qatar-controlled bank investigated by UK over money laundering
The UK's finance watchdog is investigating a British Qatari-controlled bank that has been acting as a platform for extremists’ interests…
PayThink Middle Eastern M&A heightens payment fraud and laundering risk
The correspondent banking network in the Middle East has been complicated recently by the flurry of consolidation. Around 20 institutions…
Qatari Regulator Fines the UAE's Biggest Lender $55 Million
The QFC Regulatory Authority has announced that it has imposed a financial penalty of (USD 54,945,055 on First Abu Dhabi…
Phone scam warning for UAE residents
Scammers and fraudsters have become bolder and are now using scare tactics to extract money from unsuspecting people. Many gullible…
NAB obtained evidence from UAE against Zardari money laundering
The National Accountability Bureau (NAB) has obtained important evidences from the United Arab Emirates (UAE) citizen who was allegedly involved…
Prosecutors add fraud charges to former Barclays executives accused in Qatar case
Three former top Barclays executives due to stand trial over the bank’s deals with Qatari investors during the financial crisis…
UAE shuts down 115 websites, social media accounts
Fraudsters, illegal online sellers and promoters better watch out. Abu Dhabi's Department of Economic Development just shut down 115 websites…
Abraaj’s Naqvi sentenced to prison by UAE court
Arif Naqvi, the founder of defunct Dubai-based private equity firm Abraaj Group, was sentenced in absentia to three years in…
Ex-Barclays bankers face extra charge in Qatar fraud case
The Serious Fraud Office has increased the stakes of a high-profile case against three former Barclays executives by adding an…
Fraudsters target UAE jobseekers with fake migration offers
An official with VFS Global said there are plenty of cases of people being cheated with bogus offers. Fraudsters…