Saudi conglomerate aided fraud against 100 banks, judge rules
A Saudi conglomerate can’t collect damages from a former manager it blamed for a multibillion-dollar fraud against 100 banks because…
Fraud & Ethics
710 articles found
Cayman’s longest court case: A ‘cauldron of fraud’
The longest and most expensive trial in Cayman Islands history concluded Thursday, as Chief Justice Anthony Smellie handed down an…
Red Alert at Falcon Private Bank
A reputation in tatters, mounting losses, staff that are taking their leave and most recently rumors of an impending sale…
Abu Dhabi's Al Hilal Bank is said to uncover internal fraud
Abu Dhabi’s Al Hilal Bank uncovered internal fraud worth more than 500 million dirhams ($136 million), according to people with…
Dubai bank goes live with cheque blockchain project
Emirates NBD, Dubai's biggest bank, has become the first to successfully go live at scale with "Cheque Chain", a blockchain…
Winsome Group's Jatin Mehta is next; ED cracks UAE authorities to get evidences in hand
In last two months, diamantaires Nirav Modi and Mehul Choksi grabbed so much attention with its mega bank fraud of…
Beirut: Arab Banks Mobilize Efforts Against Money Laundering
Lebanon enjoys security and financial stability, said Lebanese Interior Minister Nouhad Machnouk during the inauguration of anti-money laundering forum organized…
Trillion dollar conman strikes Dubai
After stealing a football club, breaking into a bank and conning governments around the world, a convicted international fraudster -…
Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court
A judge in Dubai has green-lighted a trial that will determine whether a Deloitte member firm was negligent as auditor…
Barclays Bank charged over Qatar loans
The Serious Fraud Office has charged Barclays Bank PLC with "unlawful financial assistance" related to billions of pounds raised from…
Breakthrough in Removing Iran-China Banking Hurdles
After weeks of speculation about the banking problems of Iranian students and businesses in China, which ranged from difficulties in…
Businessman Saiful evading ACC summonses for quizzing in AB Bank money-laundering probe
Saiful is also a director of Sky Aviation Services, an agent of FlyDubai GSA Bangladesh. A former director of Standard…