Foreign banks in Iran face risk of US penalties
For years, the United States struggled to get foreign bankers to comply with its effort to throttle Iran's economy -…
Legal
2651 articles found
Cold calling still rife in UAE despite ban
The United Arab Emirates Central Bank’s ban on cold calling for all its licensed financial services organisations is not working…
HSBC Investigated for Money Laundering
Based on the New York Times report on Saturday, US prosecutors are looking into whether British bank HSBC was involved…
US regulations probed at forum
More than 50 leading bankers yesterday took part in a high-level seminar looking into the implications for the kingdom's banks…
Barclays Said to Face Possible U.K. SFO Probe Over Qatar Fees
U.K. fraud prosecutors may open a criminal probe as soon as this week into payments Barclays Plc made in…
Janata Bank recalls UAE chief
Janata Bank has finally withdrawn the chief executive officer of its UAE operations on charges of fraud worth nearly $1.3…
Complaint filed with Israeli Banking Regulation against Bank HaPoalim
Joseph Zernik, PhD, of Human Rights Alert (NGO) has filed a complaint with Israeli banking regulation against Bank Hapoalim. The…
Kuwaiti investment firm targets Carlyle in $25m claim
A Kuwaiti investment company wants a US court to allow it to pursue legal action against Carlyle Group in the…
US investigates UniCredit over sanctions
Unicredit has confirmed it is co-operating with a US investigation into a possible breach of sanctions. The bank…
Commerzbank admits Iran sanctions investigation
Germany’s second-largest lender has become the latest bank to be caught up in a US investigation into sanctions-busting by…
Iran looks to Armenia to skirt bank sanctions
With international sanctions squeezing Iran, the Islamic Republic is seeking to expand its banking foothold in the Caucasus nation of…
UBS Seeing Moat Of Secrecy Run Dry Vows Results To Lure Wealthy
Chief Investment Officer Alexander Friedman is masterminding a push by Switzerland’s biggest bank to develop a performance track record that…