Three Abraaj Executives Charged in U.S. Fraud Investigation
Three additional former executives of The Abraaj Group were charged in New York in a fraud investigation into the firm’s…
Fraud & Ethics
710 articles found
Executives in Dh619m share fraud ordered to pay Dh1.24b
The Abu Dhabi Criminal Court has sentenced two former senior executives of a government-owned company in Abu Dhabi to prison…
New system to boost UAE finance sectors's integrity
The Central Bank of the UAE has developed a Persona Non Grata System in order to restrict persons with questionable…
TPG agrees to manage Abraaj’s $1bn healthcare fund despite fraud cases
US private equity group TPG has agreed to manage Abraaj’s $1bn healthcare fund despite criminal fraud cases against the collapsed…
ED files money laundering charge sheet against Zakir Naik
The Enforcement Directorate on Thursday filed a charge sheet against controversial preacher Zakir Naik in a Mumbai court, saying it…
Fraudulent bank employee fined Dhs612,000
A bank employee who siphoned Dhs306, 000 from a client’s account was on Monday jailed for six months and ordered…
Abu Dhabi Global Market enacts enhanced anti-money laundering regime
Abu Dhabi Global Market has announced that it has enacted and published changes to the ADGM’s regulatory framework for combatting…
Sunbed boss ‘linked to £8bn fraud that helped bin Laden’
The lorry drivers were upstairs drinking tea when undercover agents broke in. The HM Revenue & Customs investigators found…
Watch: Dubai warns residents of these top 3 scams
Scammers will go to great lengths to lure victims; make sure you read these tips to avoid falling into their…
UK investigators criticised over Qatar fundraising probe
The UK’s top fraud investigation agency failed to take the proper steps to secure key documents from the lawyers of…
Abu Dhabi Global Market updates anti-money laundering rules
The proposed revisions to the existing anti-money laundering regime follow on from a recent review of the UAE's federal laws…
EU set to remove Saudi Arabia from blacklist
The adoption of a European Union money-laundering blacklist which includes Saudi Arabia could be blocked after virtually unanimous opposition from…