Investors panic as Heera Group chairperson is arrested in India
Hundreds of investors in the UAE are believed to have been affected by the Heera Group ponzi scam which has…
Legal
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MD of investment firm behind Dh7 billion project held for fraud
Police have reportedly arrested the managing director (MD) of a boutique investment firm in Al Ithraa Tower in Al Garhoud…
Jamal Khashoggi: Richard Branson and Uber CEO suspend ties with Saudi Arabia
Sir Richard Branson and Uber CEO Dara Khosrowshahi are among the business leaders to have suspended ties with Saudi Arabia…
UAE President Issues A Federal Law On Public Debt
President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued Federal Decretal Law No. (9) of 2018 on public debt,…
New debt law will help UAE financial markets
The new Public Debt Law enabling the UAE to issue sovereign bonds will help to deepen the capital markets in…
Basel AML Index reveals slow progress in combating money laundering
The results of the seventh annual Basel Anti-Money Laundering Index released today support the growing concern that governments worldwide are…
NY fines UAE's largest bank over lax money-laundering safeguards
Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services has fined United Arab Emirates-based Mashreqbank…
Dubai enacts changes to anti-money laundering rules following review
The Dubai government has enacted changes to the Dubai International Financial Centre's anti-money laundering laws following a self-assessment of the…
Global Financial Institutions Fined $26 Billion for AML, Sanctions & KYC Non-Compliance Since 2008 Financial Crisis
Fenergo publishes 10-year analysis of global regulatory fines for AML, KYC and sanctions-related fines on financial institutions, charting the regulatory…
Turkey Arrests hundreds of Suspects in Money-Laundering Probe
Turkish police detained 280 suspects in a money-laundering investigation into the transfer of about 2.5 billion lira ($419 million) worth…
Saudi Arabia’s measures to fight money laundering and the financing of terrorism and proliferation
The Kingdom of Saudi Arabia is achieving good results in fighting terrorist financing, but needs to focus more on pursuing…
Saffery Champness opens fourth international office
Saffery Champness Registered Fiduciaries has opened a representative office in The United Arab Emirates within the Dubai International Financial Centre…