Turkey Arrests hundreds of Suspects in Money-Laundering Probe
Turkish police detained 280 suspects in a money-laundering investigation into the transfer of about 2.5 billion lira ($419 million) worth…
Fraud & Ethics
710 articles found
Saudi Arabia’s measures to fight money laundering and the financing of terrorism and proliferation
The Kingdom of Saudi Arabia is achieving good results in fighting terrorist financing, but needs to focus more on pursuing…
Dubai Papers: French media unveils UAE based International Money Laundering network
The French magazine L’Obs has exposed an international tax evasion and money laundering network, which is based in the United…
‘Wilful defaulter’ Winsome Diamonds diverted $750 million to dummy companies, says probe
Winsome Diamonds and Jewellery, one among the biggest ‘wilful defaulters’, diverted at least $750 million to six companies in Hong…
Alleged head of BitConnect cryptocurrency scam arrested in Dubai
If it sounds too good to be true, it probably is -- and certainly appears to have been the case…
Lebanese and Iraqi authorities bust fraud ‘mafia’ that targeted Beirut bank
An Iraqi fraud network that blackmailed a Lebanese bank, claiming ownership of millions of dollars of funds, has been uncovered…
Founder of Middle East's Abraaj faces fresh criminal action
Arif Naqvi, the founder of Abraaj, the Middle East's largest private equity firm, is facing fresh criminal charges over accusations…
Jury Hears Closing Arguments in Transition Fraud Trial
A Boston jury heard closing arguments today in the trial of Ross McLellan, the former State Street executive accused of…
‘Dubai leak’ exposes $110m dirty money
Dubai’s property market is being abused by money launderers, according to a campaign group which has published a report based…
Kuwaiti public entity aims to liquidate Cayman-registered firm
The Cayman-registered Abraaj Holdings – a Middle Eastern private equity firm facing allegations that it has misused hundreds of millions…
Atlas Jewellery owner let off after 3 years in Dubai jail
NRK industrialist and owner of a transnational jewellery network, Atlas Ramachandran, 75, who has been in a Dubai jail for…
Israelis among nearly 500 arrested over alleged online fraud in Phillipines
Philippine police say they have arrested nearly 500 people, including eight Israeli nationals, who they say are involved in an…