CBK requests for monthly report from banks on money sent to local charities from abroad
Central Bank of Kuwait has requested all banks to submit a detailed list of money transfers made to charity accounts…
Legal
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NAB obtained evidence from UAE against Zardari money laundering
The National Accountability Bureau (NAB) has obtained important evidences from the United Arab Emirates (UAE) citizen who was allegedly involved…
Standard Chartered faces £10m Treasury fine
The Treasury is to slap Standard Chartered, the emerging markets lender, with a multimillion-pound fine for failing to prevent sanctions…
DIFC – the End to End of Service Gratuity
Hot on the heels of recent updates to the Dubai International Financial Centre (DIFC) employment law, DIFC Employment Law No.…
Prosecutors add fraud charges to former Barclays executives accused in Qatar case
Three former top Barclays executives due to stand trial over the bank’s deals with Qatari investors during the financial crisis…
Kuwait hit in Pyongyang cyberattack
UN experts say they are investigating at least 35 instances in 17 countries of North Koreans using cyberattacks to illegally…
Clifford Chance has advised Oman on its return to the international debt capital markets
Clifford Chance has advised the Government of the Sultanate of Oman on its return to the international debt capital markets…
Crypto criminals rake in $4.3 billion in 2019 so far, says new report
Crypto criminals are having a big year, according to the Silicon Valley-based cybersecurity firm CipherTrace. The firm’s quarterly Cryptocurrency…
Abraaj’s Naqvi sentenced to prison by UAE court
Arif Naqvi, the founder of defunct Dubai-based private equity firm Abraaj Group, was sentenced in absentia to three years in…
Ex-Barclays bankers face extra charge in Qatar fraud case
The Serious Fraud Office has increased the stakes of a high-profile case against three former Barclays executives by adding an…
Why Expats Shouldn’t Run Away From Debt In The Gulf
Expats in the United Arab Emirates are horrified to find out that unpaid debts can end up in a criminal…
Abraaj founder sentenced to prison in absentia by UAE court
Arif Naqvi, the founder of defunct Dubai-based private equity firm Abraaj Group, has been sentenced in absentia to three years…