Dubious financial dealings on rise
A SPIKE in the number of suspicious transactions related to money laundering and terrorism financing has been recorded in Bahrain…
Fraud & Ethics
710 articles found
UAE Central Bank Says StanChart Can Face Legal Action
The bank had agreed to close some customers' UAE accounts in an anti-money laundering settlement with US regulators announced on…
Standard Chartered fined $300 million over laundering controls
Benjamin M. Lawsky, Superintendent of Financial Services, announced an order today regarding Standard Chartered Bank's ("SCB") failures to remediate anti-money…
Fraud alerts sounded by DFSA with scams on the rise in UAE
The UAE is being targeted by international criminals using increasingly sophisticated methods to defraud companies and investors, one of the…
Swiss Banking giant joins Qatar World Cup debate
Banking giant Credit Suisse has warned of the consequences should Qatar lose the rights to host the World Cup in…
Handwriting expert will prove my innocence, claims jailed former Leeds Utd boss
David Haigh, the former Leeds United chief currently in jail in Dubai, is set to fight court orders freezing his…
Former Bahrain Banker Pleads Guilty to $1.3 Million Federal Income Tax Fraud
A former executive of a bank in Bahrain pleaded guilty to federal income tax fraud, admitting that he filed three…
Arab Bank Plc faces Hamas financing trial in U.S.
Arab Bank Plc goes on trial next week in New York over claims that it provided material support to the…
UK's SFO says Bruce Hall sentenced to 16 months in prison
Bruce Hall sentenced to 16 months in prison Bruce Hall was today sentenced to 16 months in prison for…
Debt trap in UAE: to repay or to run away?
If you are steeped in debt and are thinking of fleeing the UAE, think again. As simplistic as it…
Dubai's GFH Capital defends action against ex-Leeds Utd chief
GFH Capital executive Jinesh Patel has defended the Dubai investment bank’s legal action against former employee and Leeds boss David…
Mena task force lauds Qatar’s measures in anti-money laundering
Qatar has said it is committed to the highest standards of anti-money laundering and combating the financing of terrorism (AML/CFT)…