Kuwait – Female bank manager jailed in fraud, money-laundering
The Court of Cassation sentenced a female local bank manager to 10 years in prison with KD900,000 fine for obtaining…
Fraud & Ethics
710 articles found
Varley refuses to give witness statement in £1.5bn Barclays case
The former chief executive of Barclays, John Varley, who was recently acquitted of fraud charges, has refused to give a…
Saudi Bank customers warned of online fraudsters
Fraudsters are now applying innovative ways to cheat people via email. They used to make mobile calls and send…
PNB scam: Enforcement Directorate attaches Mehul Choksi's Dubai assets worth Rs 24.8 cr
The Enforcement Directorate attached immovable properties and bank account worth Rs 24.77 crore of Mehul Choksi under Prevention of Money…
Dubai financial regulator warns of easy loan scam
The DFSA is advising members of the public to not respond to kyo Microfinance Bank Limited or any person or…
Scam alert: Fake bank operating in Dubai claims to offer easy loans
The financial authority in Dubai has warned residents not to deal with a fake bank, which claims to offer easy…
Dubai Police: Over 800 bank fraud cases in three years
More than 800 bank fraud cases have been reported in Dubai over the last three years, Dubai Police said on…
New system to curb money laundering in UAE
All financial institutions in the country have to now report any suspicious transactions through “goAML” (Anti-Money Laundering), a newly UN-developed…
Dubai regulator warns investors about Cyprus scam
The Dubai Financial Services Authority has issued a warning about scammers posing as representatives of the Cyprus Securities and Exchange…
Fraudulent company attempted to swindle money in Bahrain
An attempt of massive bank fraud was successfully busted by the Central Bank of Bahrain (CBB) on June 18, 2019.…
Fraudster behind $50m Bitcoin scam that duped UAE investors admits crimes
The fraudster behind a $50m bitcoin fraud which duped hundreds of investors around the world and dozens in the UAE…
When corruption strikes Dubai
One of the problems that keeps developing nations from developing is corruption. When crooked leaders don’t honor deals with foreign…