DFSA warns of false investment bank named after an individual
The Dubai Financial Services Authority has alerted the financial services community and the public about a fraudulent scheme using false…
Fraud & Ethics
710 articles found
Volkswagen scandal costs Qatar's sovereign wealth fund £3.3bn
The collapse in Volkswagen’s share price as a result of the widening emissions scandal has cost Qatar’s sovereign wealth fund…
1MDB mystery deepens as Abu Dhabi questions another missing US$993m to IPIC
Controversy over 1Malaysia Development Berhad (1MDB) is likely to spike after the Wall Street Journal reported today a second missing…
ABN Amro fires more staffers in Dubai fraud investigation
ABN Amro has dismissed another employee of the bank’s Dubai office due to fraud, bringing the total of fired employees…
AHAB Files Evidentiary Response to TIBC Administrator
Today at a court hearing in Bahrain, Ahmad Hamad Algosaibi and Brothers submitted evidence refuting the legal case filed last…
Abu Dhabi hunts for $1.4bn payment in Malaysia scandal fallout
A corruption scandal that is engulfing Malaysia’s government and prime minister has pulled in a high-profile Abu Dhabi investment fund…
Finalists chosen for Ethical Finance Innovation Awards
The 2015 Ethical Finance Innovation Challenge Awards, which is supported by Abu Dhabi Islamic Bank and Thomson Reuters, has chosen…
Israeli banks named in Australian tax evasion affair
Former Nudie Juice CEO Andrew Binetter allegedly sought the destruction of incriminating files at Bank Hapoalim. The names of…
Atlas Jewellery group's woes multiply
Banks that were involved in extending credit facilities to Atlas Jewellery chain founder and chairman, MM Ramachandran are firm on…
Ethical Finance Experts to tackle question: Can Islamic Finance Governance Structures be used to Protect Reputation of Global Ethical Banking?
The global Islamic finance industry has enjoyed exponential growth over the past few decades, and the regulatory underpinnings of the…
Bank Leumi execs may have to hand back bonuses
A Bank of Israel report expects Eitan Raff, Galia Maor and Zvi Itskovich to return bonuses because of the US…
Kaspersky: Half of financial companies prefer to mitigate rather than prevent
During the survey, 48 per cent of financial organisations said they take measures to protect their clients from online fraud,…