HSBC subsidiary hired senior staff with unaccredited degrees
Two senior compliance staff hired by HSBC Saudi Arabia, a subsidiary of the main British bank, have unaccredited business degrees,…
Fraud & Ethics
710 articles found
Key financial mis-selling case in Dubai nears conclusion
One of the biggest financial mis-selling cases in the Gulf region between a wealthy Kuwaiti family and Switzerland’s Bank J.…
Arab Israel Bank CEO resigns after Leumi merger
Meanwhile, an ongoing Bank Leumi inquiry is investigating allegations of money laundering against Danny Gitter. Arab Israel Bank CEO…
Sophos Encryption Survey Reveals Employee Banking Data and Other Personal Information Is at Risk
Sophos has announced the findings of its recent survey, The State of Encryption Today. The survey polled 1,700 IT…
Billions of dollars of the “Royal” family deposited in a Dubai Bank
Appropriate legal measures will be taken in connection with the massive amounts of US dollars deposited in a Dubai Bank…
Swiss Attorney General to address restitution of frozen embezzled funds
In his forthcoming visit to Egypt next Saturday, Swiss Attorney General Michael Lauber will address the CHF 700m that the…
Al Zarooni Exchange UAE licence revoked for money laundering violations
The central bank of the United Arab Emirates on Monday said it had revoked the licence of local money exchange…
Cyber attacks pose a grave risk to GCC banks
Innovation has become the key for banking to offer customers an enriching experience. GCC banks have leveraged on technology to…
HSBC snaps ties with Islamic Relief over 'terror' fears
HSBC has snapped banking ties with UK's largest government-funded Muslim charity, Islamic Relief, over alleged fears of terror funding. …
Gulf Companies Aware of Corruption Challenges – New Pearl Initiative Report
More than 80% of business leaders across the Gulf Region identify corruption as a problem, demonstrating a growing awareness of…
CMA: The Capital Market Law Prohibits Violating Acts in the Stock Exchange, Refers Violators to Bureau of Investigation and Public Prosecution
The Capital Market Authority confirms its commitment to ensure fairness in securities transactions and limit cases of fraud, deceit, cheating,…
Turkish banks fend off cyberattacks, some transactions hit
Turkish banks reported sporadic disruption to credit card transactions on Friday as hackers stepped up a two-week barrage of cyberattacks,…