Fraud & Ethics Archives - Page 25 of 60 - Managers of Wealth Middle East

Dubai enacts changes to anti-money laundering rules following review

October 4, 2018

The Dubai government has enacted changes to the Dubai International Financial Centre's anti-money laundering laws following a self-assessment of the…

Fraud & Ethics

Turkey Arrests hundreds of Suspects in Money-Laundering Probe

October 4, 2018

Turkish police detained 280 suspects in a money-laundering investigation into the transfer of about 2.5 billion lira ($419 million) worth…

Fraud & Ethics

Saudi Arabia’s measures to fight money laundering and the financing of terrorism and proliferation

October 2, 2018

The Kingdom of Saudi Arabia is achieving good results in fighting terrorist financing, but needs to focus more on pursuing…

Fraud & Ethics

Dubai Papers: French media unveils UAE based International Money Laundering network

September 9, 2018

The French magazine L’Obs has exposed an international tax evasion and money laundering network, which is based in the United…

Fraud & Ethics

‘Wilful defaulter’ Winsome Diamonds diverted $750 million to dummy companies, says probe

August 24, 2018

Winsome Diamonds and Jewellery, one among the biggest ‘wilful defaulters’, diverted at least $750 million to six companies in Hong…

FinTech

Alleged head of BitConnect cryptocurrency scam arrested in Dubai

August 22, 2018

If it sounds too good to be true, it probably is -- and certainly appears to have been the case…

Fraud & Ethics

Lebanese and Iraqi authorities bust fraud ‘mafia’ that targeted Beirut bank

August 1, 2018

An Iraqi fraud network that blackmailed a Lebanese bank, claiming ownership of millions of dollars of funds, has been uncovered…

Fraud & Ethics

Founder of Middle East's Abraaj faces fresh criminal action

August 1, 2018

Arif Naqvi, the founder of Abraaj, the Middle East's largest private equity firm, is facing fresh criminal charges over accusations…

Fraud & Ethics

Jury Hears Closing Arguments in Transition Fraud Trial

June 26, 2018

A Boston jury heard closing arguments today in the trial of Ross McLellan, the former State Street executive accused of…

Fraud & Ethics

‘Dubai leak’ exposes $110m dirty money

June 14, 2018

Dubai’s property market is being abused by money launderers, according to a campaign group which has published a report based…

Fraud & Ethics

Kuwaiti public entity aims to liquidate Cayman-registered firm

June 13, 2018

The Cayman-registered Abraaj Holdings – a Middle Eastern private equity firm facing allegations that it has misused hundreds of millions…

Fraud & Ethics

Atlas Jewellery owner let off after 3 years in Dubai jail

June 10, 2018

NRK industrialist and owner of a transnational jewellery network, Atlas Ramachandran, 75, who has been in a Dubai jail for…

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