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…
Fraud & Ethics
711 articles found
Kuwait corruption case: Swiss banks avoid UK bribery trial
Two private Swiss banks have successfully avoided standing trial in London over bribery claims linked to the alleged plunder of…
United Arab Emirates: How To Be Protected From Bank Fraud And Procedures To File A Complaint
Bank frauds are of different kinds and can include different types of financial crimes. It is critical to build awareness…
Appeal dismissed in landmark multi-billion dollar fraud trial
The Cayman Islands Court of Appeal has dismissed an appeal by Saudi Arabia’s Algosaibi Group in its litigation against Cayman-based…
Etisalat’s blockchain arm crosses Dhs10bn
Etisalat Digital’s blockchain arm UAE Trade Connect (UTC) has handled over Dhs10bn worth of invoices in its first eight months…
UAE Central Bank imposes penalty on bank under strict anti-money laundering rules
UAE’s Central Bank has imposed a Dh19.5 million sanction on a bank in the UAE under the country’s Anti Money…
2 former government officials appear before Seychelles' Supreme Court in missing $50 million case
Two former high government officials appeared before the Seychelles' Supreme Court on Wednesday in connection with the ongoing investigation of…
Standard Chartered facing court case
Standard Chartered is facing a court case after investors accused the bank of making misleading statements about breaching US sanctions…
Liechtenstein Confirms Probe into Lebanon’s Central Bank Governor
Liechtenstein’s judicial authorities have a “pending money laundering investigation” in relation to Lebanese central bank governor Riad Salame, the country’s…
Fraudulent activity spirals due to digitisation and remote working
The number of fraud cases in Middle East businesses has risen significantly during the Covid-19 pandemic, according to Deloitte’s latest…
Pandora Papers reveal Emirati royal families’ role in secret money flows
The glass-and-steel office towers and luxury hotels along Sheikh Zayed Road are glittering reminders of Dubai’s rise from a cluster…
Deloitte releases its latest Fraud Survey for the Middle East
We have pleased to launch the Middle East Fraud Survey report, illustrating how organisations in the Middle East have been…