UAE launches money-laundering crackdown
United Arab Emirates banks have been banned from doing business with some Islamist groups including the Muslim Brotherhood, their representative…
Fraud & Ethics
710 articles found
HSBC loses 2.7mn users’ data in Turkey cyber attack
HSBC Holdings’ Turkish unit said it lost 2.7mn customers’ bank data in a cyber-attack. The hack resulted in the…
Mashreq establishes Corporate Alliance with anti-fraud organisation
H.E. Abdul-Aziz Al-Ghurair, CEO of Mashreq, commented, “We are proud to be the first Bank in the Middle East to…
SocGen Denies Bribing Qaddafi Friend in Libya Fund Case
Societe Generale SA (GLE) denied paying bribes to Libya’s sovereign wealth fund, saying $58 million in payments to a family…
Israel probes ‘millions of euros’ hidden in Switzerland
Israel is investigating whether nationals are evading taxes by hiding money in unreported accounts at Swiss banks including UBS AG…
Premier client’s personal adviser loses appeal in embezzlement case
A banker lost his appeal on Wednesday and will spend five years in jail for abusing his banking job and…
U.S. probing Standard Chartered over Dubai banking -sources
U.S. authorities are investigating London-based Standard Chartered Plc for potential U.S. sanctions violations connected to its banking for Iranian-controlled entities…
Saudi Sheikh launches $10bn lawsuit against Barclays over banking licence fraud
A wealthy Saudi businessman is seeking $10billion (£6.2billion) in damages from Barclays after claiming the bank ‘hatched a fraudulent’ scheme…
Banks need to boost vigil against financial crimes: Seetharaman
Seetharaman addressing the session on “Customer Risk Ratings and Evolving Nature of Financial Crime” at BNY Mellon, New York yesterday.…
Banks need to boost vigil against financial crimes: Seetharaman
The Union of Arab Banks hosted the 5th US-MENA Private Sector Dialogue on correspondent banking at BNY Mellon, New…
HBL launch new internet banking platform
During the e-Crime and Information Security Congress in Abu Dhabi last month, cyber security experts predicted an increase in cyber…
Goldman Sachs 'charmed Gadaffi-era sovereign wealth fund employees with girls and alcohol' in trip to Morocco
Goldman Sachs took naive employees of the Gadaffi-era Libyan sovereign wealth fund on an all-expenses paid visit to Morocco where…