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…
Fraud & Ethics
711 articles found
Abu Dhabi Global Market updates anti-money laundering rules
Abu Dhabi's financial freezone, the Abu Dhabi Global Market, has begun a public consultation on changes to its rules for…
Updated anti-money laundering laws in UAE to face some challenges
As long ago as 2008, the Financial Action Task Force reviewed the legal measures the UAE had implemented to counter…
United Arab Emirates: Are You Criminally Liable For Bounced Cheque?
Just as threatening the title of this article may seem, the consequences of a returned cheque or a bounced cheque…
John Varley faced walking ‘the plank’ if Qatar rescue had failed
A senior Barclays executive speculated that his former chief executive John Varley would have to “walk the plank” if the…
Qatari media tiptoes around reporting of Hamad bin Jassim, Barclays scandal
Qatari media tiptoed around covering the role of former Prime Minister Hamad bin Jassim in their reporting of the Barclays…
Barclays banker made Qatar PM wait – so as not to look desperate, court hears
A former Barclays banker said he pretended to be busy to avoid appearing panicked while negotiating a £2 billion ($2.6…
Dubai Called Out for Being “Money-Laundering” Capital of the World
Dubai has been in the news for being home to what is now the world's tallest building the Burj Khalifa-and…
Dubai Has Become A "Money Laundering Paradise" Says Anti-Corruption Group
The Gulf city of Dubai has been slammed as a “money laundering paradise” by leading anti-corruption group Transparency International. …
EU puts Saudi Arabia on blacklist for lax control on money laundering
Saudi Arabia is to be included in the EU's blacklist of countries that pose a threat to the bloc because…
UAE to implement new technology to reduce cheque fraud
Banks in the UAE are expected to soon start implementing new technology – including the use of QR codes to…
Heera Ponzi scheme victims welcome charge sheet against CEO
Heera Group Ponzi scheme victims in the UAE have welcomed the charge sheet filed against the company’s CEO in India…