Swiss and Saudis dragged into 1MDB scandal
Two foreign nations, Switzerland and Saudi Arabia, have been dragged into the 1Malaysia Development Berhad (1MDB) scandal, reports the Gulf…
Fraud & Ethics
710 articles found
Arab Bank says report of $1b settlement is ‘inaccurate’
Arab Bank Plc on Friday described as “inaccurate” a report that it would pay “slightly more” than $1 billion to…
Geneva prosecutor ends six-year Saad/Algosaibi probe with no further action
A Geneva prosecutor has closed a six-year investigation into a criminal complaint by Saudi Arabia's Ahmad Hamad Algosaibi and Brothers…
Israeli Bank Leumi Execs Warned Over US Money Laundering – Report
Israeli Supervisor of Banks has sent warning letters to three former top executives at Bank Leumi former chairman Eitan Raff,…
Arab Bank Settles US Litigation on Middle East Attacks
Arab Bank has reached a settlement with hundreds of US victims of attacks in Israel and the Palestinian territories who…
CISI in talks with a number of banks to teach integrity and ethics
Chartered Institute of Securities and Investment is in talks with a number of banks to teach integrity and ethics to…
Fraud Alert: UAE banks replace credit cards following security breach
Several credit cards are being replaced across the UAE by some banks following a possible security beach involving online hackers.…
Tax Authority plans up to 10 years prison for tax dodgers
A new amendment to Israel's economic arrangements bill classifies all tax evasion as money laundering. Despite opposition in recent…
Barclays considers DPA agreement with Serious Fraud Office over Qatar dealings
The Serious Fraud Office has presented the bank with a deferred prosecution agreement. If Barclays accepts the deal it…
UK Foreign Office says loses $1.3m in Dubai scam
The UK’s foreign office was conned out of $1.3 million (£870,572) after officials fell victim to a major fraud in…
Anonymous cyber hackers hit UAE banking websites
Several UAE banks were hit by a co-ordinated cyber attack, known in the trade as a distributed-denial-of-service attack, on Tuesday,…
Dubai foils 901 e-crime bids, secures Dh9 million
The Dubai Police helped secure Dh9 million of the emirate’s citizens and residents by foiling the plans of cyber thieves…