Citibank Loses Key Decision in Investor Lawsuit; Court to Appoint Expert Panel
Citibank this month lost a key decision in its defense of a lawsuit in Abu Dhabi accusing the bank of…
Fraud & Ethics
710 articles found
Deutsche Bank fined $8.4m by Dubai regulator
The Dubai Financial Services Authority ("DFSA"), announced today, that it has fined the DIFC branch of Deutsche Bank AG…
DFSA Takes Action Against Former Licensed Directors
The Dubai Financial Services Authority (DFSA) announced today, that it has imposed restrictions on Mr Abdul Rahman Al Ansari (Mr…
Nine Saudi expats held in $20m money laundering scam
Nine Asian expats have been arrested in Saudi Arabia for transferring SR77m ($20.5m) to foreign bank accounts in what is…
Rising costs facing Mideast firms in fight against financial crime
Companies in the Middle East and North Africa are facing rising costs to fight financial crime, with more than half…
Thomson Reuters Releases 2014 Financial Crime Report For Middle East & North Africa
Thomson Reuters has released the findings of a financial crime report covering the Middle East and North Africa region in…
Court orders deportation of expatriates
The Misdemeanor Court, presided over by Judge Saud Al-Maimuni, sentenced a businessman and two expatriates to two years in prison…
Israeli Company Equips Boardroom Executives in Latin America With the Tools to Counter Ever-Growing Cyber Threats
Cytegic, a developer of cybersecurity management solutions, and Scitum -- an affiliate company of Telmex, the largest telecommunication company in…
Sri Lanka traces stolen RM3.7b in public funds to Dubai
Sri Lanka said on Thursday it had traced more than a US$1 billion in public funds allegedly stolen by members…
Sri Lanka says US$1b stashed in Dubai
Sri Lanka said it had traced more than a billion US dollars in public funds allegedly stolen by members of…
World Bank praises Saudi Arabia for fighting graft
World Bank Vice President for Integrity Affairs Leonard McCarthy praised Saudi Arabia’s efforts in its fight against corruption. Addressing Saudi…
Sri Lanka’s ‘Stolen wealth’ uncovered in Ukraine, UAE and Switzerland
The Sri Lankan government has named Ukraine, the United Arab Emirates and Switzerland as three countries where it has reportedly…