UAE firms must disclose ultimate owners by next month in anti-money laundering crackdown
UAE companies must disclose the identity of their real owners by next month amid an anti-money laundering crackdown. The…
Fraud & Ethics
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Qatar National Bank removes ex finance minister from board after arrest
Qatar National Bank said on Tuesday that former Qatar Finance Minister Ali Sherif al-Emadi has been removed from the bank's…
Bahrain probes $1.3bn Iranian money laundering network
Bahrain’s attorney general said that public prosecutors had uncovered a $1.3 billion money laundering racket linked to officials at Future…
Qatar finance minister arrested over alleged embezzlement -statement
Qatari Finance Minister Ali Sherif al-Emadi was arrested for questioning over allegations of embezzlement, abuse of power and crimes related…
Qatar Emir sacks finance minister over corruption charges
Qatar’s Emir Sheikh Tamim bin Hamad Al Thani on Thursday sacked his finance minister over charges of corruption, state media…
New Saudi law boosts efforts to combat financial fraud
Authorities in Saudi Arabia last week approved a new law designed to combat financial fraud and breach of trust. …
Lebanon central bank chief says French properties bought prior to becoming governor
Lebanon’s central bank chief said on Monday his properties in France were all acquired prior to him being appointed governor.…
UAE introduces guidelines on anti-money laundering
The United Arab Emirates has issued new guidelines on anti-money laundering (AML) and combatting the financing of terrorism to raise…
UAE Government to enforce anti-money laundering rules with AED5m fines
The UAE's Ministry of Economy has initiated inspection campaigns to ensure firms under its scrutiny comply with the registration procedures…
UAE Ministry of Economy starts inspections at brokers, consultants on anti-money laundering compliance
Businesses registered as real estate brokers, auditors and consultants are coming under inspection by the UAE Ministry of Economy for…
UAE, UK host anti-money laundering training sessions
The Ministry of Foreign Affairs and International Cooperation and UK's Her Majesty's Revenue and Customs held a series of joint…
UAE Central Bank fines an exchange house almost Dh500,000
The Central Bank of the UAE fined an exchange house operating in the country almost Dh500,000 ($136,000) for failing to…