Saudi campaign against illegal insurance deals and fraud
Insurance firms operating in Saudi Arabia have launched a campaign aimed to raise public awareness against unlicenced insurance amid tough…
Fraud & Ethics
710 articles found
Lebanon central bank chief’s brother skips fraud probe hearing
The brother of Lebanon’s central bank governor did not attend a hearing in Beirut on Tuesday with European investigators probing…
French prosecutors accuse Lebanon central bank chief of hiding fraud
French prosecutors have told Lebanon's central bank governor Riad Salameh they plan to press preliminary fraud and money laundering charges…
UAE Central Bank issues new guidelines to combat money laundering
The UAE Central Bank has issued new guidelines for licenced financial institutions, including banks, finance companies, exchange houses and insurance…
6 UAE firms fined $871,000 for anti-money laundering law violations
The UAE government has imposed fines worth 3.2 million UAE dirhams ($871,270) on six companies for violating anti-money laundering and…
Beware of fraudsters while banking, warns ROP
The Royal Oman Police (ROP) has warned people against opening bank accounts and allowing unknown people to use them. …
SAMA cautions bank customers amid surge in financial fraud
There has been a surge in incidents of financial fraud being practiced by unscrupulous people to cheat bank customers, according…
Deloitte event informs financial services leaders on financial crime
Professional services giant Deloitte recently hosted its Financial Crime Symposium in Dubai, bringing together leaders from the across the financial…
Six ways to protect yourself against online fraud
There are different types of fraud; below is a list of the most common ones and steps that can be…
Contracts show Lebanon's central bank obscured recipients of commissions
For more than a decade, Lebanon's central bank charged commercial banks in the country commissions when they bought government securities…
AML UAE launches Anti-Money Laundering Consulting Services in UAE
AML UAE has launched Anti-Money Laundering Compliance services in UAE to help Financial Institutions and Designated Non-Financial Businesses and Professions…
17 Black-linked company used Pilatus Bank to wire millions – report
Up to $10 million in potentially “suspicious” transactions were wired to a mystery company linked to 17 Black through the…