Sunbed boss ‘linked to £8bn fraud that helped bin Laden’
The lorry drivers were upstairs drinking tea when undercover agents broke in. The HM Revenue & Customs investigators found…
Legal
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Standard Chartered fined $1.1bn for money-laundering and sanctions breaches
Standard Chartered has been ordered to pay $1.1bn (£842m) by US and UK authorities to settle allegations of poor money-laundering…
Qatar sues Gulf foes over alleged currency manipulation
Qatar said Monday it has filed three lawsuits in London and New York against Saudi and United Arab Emirates banks…
Dubai Chamber opens representative office in Argentina
Argentina is Dubai’s seventh largest trading partner within Latin America with bilateral non-oil trade exceeding AED 827 million ($225 million)…
Mourant advises on energy takeover
Leading global offshore law firm, Mourant, has advised Kuwait Energy plc in relation to its acquisition by Gold Cheers Corporation…
Lawyer ordered to pay fine
A Bahraini lawyer was ordered by the Labour Court to pay over BD1,300 to a female Bahraini lawyer for arbitrarily…
DFSA and Standard Chartered Bank focus on curbing illicit wildlife trade
The Dubai Financial Services Authority recently hosted senior executives from Standard Chartered Bank to discuss how financial institutions and regulators…
Qatar bars FAB from adding clients amid probe
Qatar banned the United Arab Emirates’ biggest bank from growing its business in the country amid an investigation into the…
Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit
Abu Dhabi state investor Mubadala has suspended new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in…
Israeli bank to pay $195M for US tax-avoidance scheme
One of Israel's largest banks has agreed to pay $195 million for helping U.S. citizens avoid paying taxes by stashing…
Kuwait Refuses Release of Female CEO Held Over a Year on False Charges
The Port Fund confirmed today that a Kuwait court has refused to release Marsha Lazareva, a prominent member of the…
UK investigators criticised over Qatar fundraising probe
The UK’s top fraud investigation agency failed to take the proper steps to secure key documents from the lawyers of…