Fraud & Ethics

Fraud & Ethics

The General Tax Authority and the Qatar Financial Information Unit sign the Memorandum of Understanding

March 4, 2021

The General Tax Authority and the Qatar Financial Information Unit signed a Memorandum of Understanding  on information sharing to combat…

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Fraud & Ethics

UAE to train anti-money laundering professionals under new programmes

February 28, 2021

The UAE Higher Committee Overseeing the National Strategy on Anti-Money Laundering  and Countering the Financing of Terrorism has launched two…

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Comment & Analysis

UAE's zero-tolerance on money laundering is netting results

February 26, 2021

The actions by the UAE Central Bank to fine 11 banks Dh45.76 million is a strong signal that as a…

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Fraud & Ethics

UAE Executive Office to combat money laundering, terrorism funding

February 26, 2021

In a major step to combat money laundering and financing terrorism, the UAE Cabinet, chaired by His Highness Sheikh Mohammed…

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Fraud & Ethics

UAE Central Bank imposes Dh600,000 penalty on individual linked to exchange house

February 26, 2021

The  Central Bank of the UAE imposed sanctions on a non-authorised individual related to an exchange house operating in the…

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FinTech

Qatar regulator launches platform to monitor human understanding of financial crime

February 17, 2021

Financial services professionals in Qatar can now measure their understanding of how to prevent financial crimes through an online platform,…

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Fraud & Ethics

Exchange house in UAE fined Dhs504,000 by Central Bank

February 12, 2021

The Central Bank of the UAE (CBUAE) said on Wednesday that it had fined an exchange house operating in the…

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Fraud & Ethics

Former Dubai banker fined $165,000 for anti-money laundering breaches

February 9, 2021

A former staff of a Dubai bank has been fined $165,000 for violations of the anti-money laundering law (AML).  …

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Fraud & Ethics

Swiss Lebanon Probe Grinds On

February 5, 2021

Switzerland is moving forward with an investigation into possible money laundering connected to Lebanon's central bank. The Middle East nation…

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Fraud & Ethics

Two Abu Dhabi execs fined Dhs8bn, jailed for 15 years in money laundering case

February 4, 2021

The Abu Dhabi Criminal Court has sentenced the former chairman of the Board of Directors of a government-owned Abu Dhabi…

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Fraud & Ethics

Central Bank of UAE imposes Dh45.7 million fines on 11 banks in the UAE

February 1, 2021

The Central Bank of the UAE  imposed financial sanctions on 11 banks operating in the UAE.   The action is…

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Fraud & Ethics

11 UAE banks fined Dh45 million for breaking anti-money laundering rules

February 1, 2021

The UAE Central Bank has imposed financial sanctions of over Dh45.75 million on 11 banks for violating anti-money laundering (AML)…

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