Tackling money laundering in the Gulf
The world of compliance with anti-money laundering (AML) legislation, which entails the laws, regulations and procedures to prevent criminals from…
Fraud & Ethics
711 articles found
UAE Financial Intelligence Unit in pact with China counterpart
The UAE Financial Intelligence Unit (FIU) has signed a Memorandum of Understanding (MoU) with the China Anti-Money Laundering Monitoring and…
Foreigners file slew of lawsuits against alleged Israeli investment scammers
A new spate of lawsuits suggests that despite legislation and prosecutions by foreign governments, alleged investment fraud remains a lucrative…
Data on Maltese nationals’ Dubai offshore holdings given to police
Information on around 20 Maltese nationals’ offshore holdings in Dubai has been passed on to the financial crime police by…
NMC founder sues EY, banks and execs for $8bln over alleged fraud
B.R. Shetty, the founder of stricken UAE hospital operator NMC Health, has sued auditor EY, two former top executives of…
6 Indians arrested in Riyadh over illegal money transfers
The suspects had illegally transferred the money outside the kingdom via a bank account of a commercial establishment owned by…
Banking fraud awareness and prevention
ADIB believes that it is imperative to dedicate substantial resources not only in building a secure and resilient infrastructure, but…
UAE Central Bank issues guidance on anti-money laundering
The Central Bank of the UAE has issued a new guidance on anti-money laundering and combatting the financing of terrorism…
UAE, UK seek to identify, tackle money laundering and terrorist financing
The Executive Office of the Anti-Money Laundering and Counter Terrorism Financing has concluded an initial two-week programme with Her Majesty’s…
Central Bank of UAE seeks private sector participation in anti-money laundering efforts
The Central Bank of UAE (CBUAE) is actively seeking the participation of UAE’s private sector in its anti-money laundering and…
Whistleblowing protections in the UAE
Laws around whistleblowing and protection for whistleblowers are developing in the United Arab Emirates (UAE) as the country seeks to…
UAE central bank sets up 'whistleblowing' portal for misconduct, unethical practices
The UAE Central Bank has set up a special platform for whistleblowers to anonymously report misconduct and other wrongdoings that…