Oman-Japan pact to avoid double taxation takes effect on Sept. 1
Muscat The agreement to avoid double taxation and prevent tax evasion between Oman and Japan is to come into effect…
Legal
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Germany-Israel Update Double Tax Arrangements
Israeli Finance Minister Yair Lapid and his German counterpart, Wolfgang Schäuble, signed a revised German-Israeli double taxation agreement in Berlin…
UK recovers $498,000 from sale of criminal's Dubai home
UK prosecutors have recovered more than £300,000 ($498,000) from the sale of a convicted drug trafficker’s home in Dubai in…
Bahrain banks 'are ready for Basel III'
Bahrain banks rank among leading global banking institutions in terms of readiness to implement Basel III international standards as they…
Dubious financial dealings on rise
A SPIKE in the number of suspicious transactions related to money laundering and terrorism financing has been recorded in Bahrain…
Kuwait's Khorafis win Dubai judgement against Swiss bank
A court in Dubai's financial centre ruled in favour of Kuwait's Khorafi family in a suit against Switzerland's Bank Sarasin…
UAE Central Bank Says StanChart Can Face Legal Action
The bank had agreed to close some customers' UAE accounts in an anti-money laundering settlement with US regulators announced on…
$25M Bahraini Judgment Valid In Pa., Appeals Court Rules
The Pennsylvania Superior Court ruled Wednesday that a $25 million judgment entered in Bahrain against a group of currency traders…
Bank Sarasin-Alpen to appeal DIFC court ruling on miss-selling
The Dubai International Financial Centre Court (DIFC Court) on Thursday ruled in favour of Al Khorafi, a prominent Kuwait-based business…
Standard Chartered faces UAE action over shutdown
Standard Chartered is facing legal action from the authorities in the United Arab Emirates days after the lender was told…
Standard Chartered fined $300 million over laundering controls
New York's banking regulator hit Standard Chartered Bank with a $300 million fine and restrictions on its dollar-clearing business today…
Standard Chartered fined $300 million over laundering controls
Benjamin M. Lawsky, Superintendent of Financial Services, announced an order today regarding Standard Chartered Bank's ("SCB") failures to remediate anti-money…