Abu Dhabi unveils intense plan for combating commercial fraud
The Abu Dhabi Department of Economic Development has announced that they are increasing the intensity of inspection and monitoring campaigns…
Fraud & Ethics
710 articles found
UAE adopts guidelines to combat money laundering and financial crimes
The National Committee for Combating Money Laundering and Financing of Terrorism and Illegal Organisations of the UAE adopted anti-money laundering…
Swiss money laundering probe eyes Lebanon central bank chief: report
From the British Virgin Islands to Geneva, Swiss prosecutors are tracking the suspected fund movements of Lebanon's central bank chief…
Ministry of Economy extends deadline for registration in anti-money laundering regulations until April 30
The Ministry of Economy announced the extension of the deadline granted to Designated Non-Financial Businesses and Professions to register in…
Gold hub UAE toughens fight against financial crime
The United Arab Emirates, one of the world’s largest gold hubs, is strengthening its defences against financial crime, including new…
Anti-Money Laundering Laws and Penalties in the UAE
Following a number of suggestions made by the Financial Action Task Force, the UAE published the Federal Decree Law No.…
28-year sentence for Saudis and expats in a $182 million corruption case
Two Saudi citizens have been sentenced to 28 years in jail and fined up to $3.47 million after an investigation…
Banking on SAMA’s advice to combat financial crime
The advances in modern communications technology have been incredible, such as high-speed internet, text messaging, social networking sites, WhatsApp, and…
UAE businesses that must register in anti-money laundering systems
Referred to as designated non-financial businesses and professions (DNFBPs), they have been asked to register in the Financial Intelligence Unit…
Bank Muscat continues anti-fraud campaign to raise public awareness
In line with its commitment to social responsibility, Bank Muscat, the leading financial services provider in the Sultanate, is continuing…
UAE Takes a Stand Against Illicit Finance
The UAE Higher Committee Overseeing the National Strategy on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) has…
The General Tax Authority and the Qatar Financial Information Unit sign the Memorandum of Understanding
The General Tax Authority and the Qatar Financial Information Unit signed a Memorandum of Understanding on information sharing to combat…