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…
Legal
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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…
International law firm bolsters Middle East Corporate offering
International law firm Taylor Wessing LLP today announces that it has strengthened its corporate and commercial offering with the addition…
Japan-Oman tax treaty to be in force next month
A double-taxation avoidance agreement between Japan and Oman is expected to enter into force next month, the Japanese Foreign Ministry…
Herbert Smith Freehills down to one partner in Abu Dhabi after Clydes secures Islamic finance hire
Clyde & Co has announced the appointment of Islamic finance specialist, Adil Hussain as a partner based in the firm's…
Turkey Banks Group Head Expects Fee Restrictions Within Month
Huseyin Aydin, head of the Turkish Banks’ Association, said that he expects the regulator to publish new rules restricting fees…
Largest Middle East law firm signs with BFH
Bahrain Financial Harbour Holding Company (BFHHC) has signed a tenancy agreement with Al Tamimi& Company, the largest and most dynamic…
Fraud alerts sounded by DFSA with scams on the rise in UAE
The UAE is being targeted by international criminals using increasingly sophisticated methods to defraud companies and investors, one of the…
Swiss Banking giant joins Qatar World Cup debate
Banking giant Credit Suisse has warned of the consequences should Qatar lose the rights to host the World Cup in…
Handwriting expert will prove my innocence, claims jailed former Leeds Utd boss
David Haigh, the former Leeds United chief currently in jail in Dubai, is set to fight court orders freezing his…
UAE – Tax treaty with Mexico, FATCA update
An income tax treaty between the UAE and Mexico has an effective date of 1 January 2015, following the treaty’s…
Former Bahrain Banker Pleads Guilty to $1.3 Million Federal Income Tax Fraud
A former executive of a bank in Bahrain pleaded guilty to federal income tax fraud, admitting that he filed three…