Fraud & Ethics

Fraud & Ethics

Tough anti-money laundering frameworks require public-private alliances

September 19, 2024

In the fast-paced financial world, the battle against financial crime gets more urgent than ever. With criminals becoming increasingly sophisticated…

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Fraud & Ethics

UAE fines foreign bank Dhs5m for money laundering breaches

September 17, 2024

The UAE central bank said on Monday it fined a foreign bank operating in the country $1.4m (Dhs5m) for failing…

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Fraud & Ethics

Turkey removed from FATF money laundering grey list

July 1, 2024

The international crime watchdog Financial Action Task Force (FATF) removed Turkey from its “grey list” of countries that require special…

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Fraud & Ethics

Sharjah Islamic Bank joins 'haifin' platform to combat fraud, support digital transformation in banking sector

May 20, 2024

In a move to enhance efforts to combat fraud and continue digital transformation plans in the banking sector, aligning with…

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Fraud & Ethics

Two jailed for laundering cash in suitcases from UK to Dubai

April 30, 2024

Two money laundering cash couriers were imprisoned on 26 April 2024 for their role in transporting illegally obtained money out…

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Fraud & Ethics

Insights: Here’s how to fight fraud with tokenisation

January 12, 2024

Residents of the UAE have undoubtedly experienced their fair share of fraudulent phone calls and text messages from scammers attempting…

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Fraud & Ethics

Internal Auditors Chapter hosts ‘The Anti-Fraud Strategies Masterclass’

November 6, 2023

Managing Fraud Risk by Preventing, Detecting, and Responding to Fraud was the learning objective for the Masterclass by Iyad Mourtada…

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Fraud & Ethics

Internal Auditors Chapter hosts ‘The Anti-Fraud Strategies Masterclass’

November 3, 2023

Managing Fraud Risk by Preventing, Detecting, and Responding to Fraud was the learning objective for the Masterclass by Iyad Mourtada…

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Fraud & Ethics

Credit card fraud costs global economy $32bn, says AMF

September 14, 2023

Global credit card fraud losses incurred by financial institutions and individuals reached an estimated $32.3bn in 2021, according to the…

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Fraud & Ethics

UAE scam alert: Residents warned of online shopping fraud, here's how to stay safe

August 15, 2023

UAE residents have been warned of electronic fraud and scam by the Abu Dhabi Prosecution.   The authority has asked…

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Fraud & Ethics

DFSA fines bank Mirabaud $3m for anti-money laundering controls failings

August 1, 2023

The Dubai Financial Services Authority issued a statement stating that it imposed a fine of $3,022,500 (Dhs11,100,131) on the bank…

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Fraud & Ethics

Goldman Lampe Private Bank Shields Clients from Scams and Fraud, Saving 150 Million Euros in 2022

July 13, 2023

Goldman Lampe Private Bank has revealed that its robust fraud detection and prevention measures have been instrumental in saving approximately…

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