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…
Fraud & Ethics
711 articles found
Call for strict control ‘measures’ in banks
MP Abdullah Al-Tureiji has requested the Minister of Finance Anas Al-Saleh to take instant measures on the case involving a…
Bank of Beirut UK unit fined for misleading UK regulator
The Bank of Beirut (UK) Ltd (Bank of Beirut) has been fined £2.1m by the Financial Conduct Authority (FCA) and…
Saudi Market Regulator Says Suspects Insider Trading In Mobily Shares
Saudi Arabia’s market regulator is investigating possible insider trading in shares of telecommunications operator Mobily relating to its shock earnings…
Al-Jarallah reiterates Kuwait commitment to fight money laundering
Foreign Ministry Undersecretary Khaled Al-Jarallah on Wednesday chaired a meeting for the committee in charge of implementing the UN Security…
Kuwait bank manager accused of embezzling $2.76m
The Commercial Bank of Kuwait is investigating claims a branch manager embezzled KD815,000 ($2.76m) from customers’ accounts over two years,…
Dubai Islamic Bank Partners with SAS to Combat Money Laundering
SAS, the leader in business analytics software and services, announced its collaboration with Dubai Islamic Bank to help prevent money…
Your smartphone is a paradise for corporate hackers
Smartphones are increasingly becoming popular as a communication tool in the workplace. Many companies no longer require their employees…
Banking giant HSBC sheltered cash linked to dictators and arms dealers
Secret documents reveal that global banking giant HSBC profited from doing business with arms dealers who channeled mortar bombs to…
Cybercrime still major risk despite record ICT investment by Middle East police forces
Paul Ellis, IT security expert at PA Consulting Group, has said that while technology can and will assist in the…
Bank Muscat raises awareness on corporate fraud
Bank Muscat in association with the Economic Crime Unit of the Criminal Enquires and Investigation Directorate of the Royal Oman…
Kuwait freezes assets of former AUB chairman
Kuwaiti authorities have reportedly issued orders to freeze the property and assets of the former head of a Bahraini bank.…