Preventing fraud in new age banking
It’s no surprise that the global financial crisis of 2008 had a devastating impact on the world at large. Several…
Fraud & Ethics
710 articles found
Muscat accountant defrauds UAE-Oman joint venture of Dh3.7m
An Indian accountant working for a construction firm in Muscat defrauded his employers of Dh3.7 million by changing the company’s…
U.K. Serious Fraud Office to Decide Soon on Barclays Qatar Charges
The head of the U.K.’s Serious Fraud Office said Tuesday it would decide soon whether to file charges against Barclays…
Former Barclays bosses send pleas
Former Barclays executives sent final pleas to the UK Serious Fraud Office, arguing they should not face prosecution related to…
27 Britons and five others in Dubai ‘laundered more than Dh20m’
An international group of more than 30 business consultants and investors, and 18 companies, have been charged with laundering more…
Abu Dhabi Attorney-General orders arrest of suspects in connection with bogus investment portfolio
Ali Mohammed Al Balushi, Attorney-General of Abu Dhabi, ordered the arrest of 20 suspects involved in a bogus investment portfolio…
HSBC discloses tax evasion probes in India, other countries
Global banking giant HSBC has disclosed being probed by tax authorities in India and several other countries, including against its…
Deutsche Bank's Israel CEO detained over alleged tax fraud
Boaz Schwartz, Deutsche Bank’s chief executive officer in Israel, was detained over alleged value-added-tax violations involving the company’s clients, the…
Net closes on Barclays chiefs over £7bn deal involving glamorous financier Amanda Staveley
Former Barclays bosses have been hauled in again for interviews as investigators weigh up charges over an alleged £2.3billion fraud,…
Just one in five banks and insurers confident they could detect a cybersecurity breach
Banks and insurers enjoy a significantly higher level of trust from consumers in the cybersecurity of their systems (83%) than…
Model and her mother, face jail after launching a £1.2m fraud by moving into a dead millionairess's Kensington home
A mother who posed as a millionairess to pull off an 'audacious' property scam is facing jail with her model…
Boss of Dh50m foreign currency scheme in Dubai arrested
The man behind a Dh50 million foreign-exchange scheme that promised to double investors’ money has been arrested, fraud investigators say.…