Credit card fees under UAE Central Bank scrutiny
A sharp expansion in fees imposed by banks in the UAE on credit card holders has prompted the central bank…
Fraud & Ethics
710 articles found
Dubai courts stay busy with debris of real estate crisis
As the financial free zone Dubai International Financial Center (DIFC) welcomed dozens of new banks and companies this year, the…
What to look for when choosing a wealth management system
In this fourth article of the series on what to look for when choosing a wealth management system, the focus…
FSA hits Dubai-based investor with GBP4m fine
The Financial Services Authority has imposed its biggest-ever fine on an individual, ordering a Dubai-based investor to pay £6m for…
British banks facing claims risk in Saudi fraud case
HSBC and Standard Chartered could be dragged into a multi-billion dollar dispute between warring Saudi factions after the banks were…
Ten Trends in Regulatory Risk – SunGard Research
Tony Scianna, deputy head of strategy for SunGard’s capital markets business, said, “The financial regulations that are being introduced around…
Court upholds longest fraud jail terms
The longest jail terms handed out in a single UAE fraud case have been upheld by an appeals court. Six…
DFSA Withdraws Licence of Siraj Capital (Dubai) Limited
The Dubai Financial Services Authority (DFSA) today announced that it has withdrawn the Licence of Siraj Capital (Dubai) Limited (Siraj)…
Dubai World unit sued by US-based hedge fund
A US-based hedge fund has launched legal action against Dubai’s Drydocks World for repayment of about $45.5m after the unit…
Standard Chartered 'not guilty' of over lending, CEO says
Standard Chartered has said it was not guilty of over lending during the UAE’s five year real estate boom and…
Citigroup Sues to Block Arbitration of Saudi Investors’ Claim
A Citigroup Inc. unit sued two Saudi investors seeking to block Financial Industry Regulatory Authority arbitration of their $383 million…
Government of Dubai Joins Hands With Ethica Institute of Islamic Finance
The Government of Dubai has announced that it is partnering with e-learning and certification specialist Ethica Institute of Islamic Finance.…