Government watchdog claims some Israeli nonprofits used for money laundering
Nonprofit organizations in Israel are increasingly serving as a vehicle for money laundering, the Registrar of Associations asserts. …
Fraud & Ethics
711 articles found
Standard Chartered rejects Iranian 'scheming' claims: statement in full
STANDARD CHARTERED PLC STRONGLY REJECTS THE POSITION AND PORTRAYAL OF FACTS MADE BY THE NEW YORK STATE DEPARTMENT OF…
Investment funds need monitoring
The latest set of regulations on fund transfers issued by the Securities and Commodities Authority (SCA) last month is a…
Standard Chartered faces suspension over Iran transactions
Standard Chartered bank illegally "schemed" with Iran to launder as much as $250bn (£161bn) for nearly a decade, a US…
Iran sentences four to death over banking scandal
An Iranian court has sentenced four people to death for their roles in a billion-dollar banking fraud scandal that forced…
Libor scandal forces Barclays from UAE rate panel
British bank Barclays plans to pull out of the rate-setting panel for interbank lending in the United Arab Emirates because…
Transparency in Corporate Reporting index ranks the world's 105 largest companies
Transparency International have ranked the world's 105 largest companies in their Transparency in Corporate Reporting index. Researchers evaluated each organisation…
Michael Jackson memoribilia part of U.S. case against African leader
The U.S. government’s recent filing in Los Angeles for civil forfeiture in an attempt to recover $71 million from Equatorial…
UAE banks to complete due diligence on accounts of Syrians
Abu Dhabi Banks and financial institutions operating in the UAE will do a full due dilgence by Sunday in compliance…
Financial fraud: When gatekeepers see no evil, hear no evil and speak no evil
Last fall, I argued that the violent reaction to Occupy and other protests around the world had to do with…
Syrian funds come under UAE scanner
Banks and financial institutions in the UAE have started searching for any accounts, investments, money deposited and transferred by 139…
UAE banks violating blank cheque regulations
Some UAE banks are flagrantly violating rules that prohibit them from taking blank cheques from customers who apply for personal…