Ziraat Bank’s New York branch quits retail banking after FED pressure
Turkey's state-run Ziraat Bankası New York branch, which has been subjected to strict US Federal Reserve (Fed) inspections over accusations…
Regulation, Risk & Compliance
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New Central Bank chief ‘will not affect’ financial system debate
The appointment of a new Central Bank governor will not affect an upcoming FNC debate on the UAE’s banking system,…
Tax data demand risk to bank secrecy
A leading banker warned Thursday that some of the proposed laws on the exchange of tax information could pose a…
Forum explores Turkey’s growing Islamic finance sector
Domestic and international bankers convened at the IFN Turkey Forum 2014 in İstanbul on Thursday to discuss Turkey's growing Islamic…
Kazakh bank to comply with principles of Islamic finance – Baidaulet
In 2015, Kazakhstan's Zaman-Bank JSC will operate in accordance with the principles of Islamic finance, announced Chairman of the Islamic…
Improving Kuwait's business environment in the making
Permanent Committee for Streamlining Business Environment made major steps towards improving business media in the country, Kuwait Foreign Investment Bureau…
Compliance With FATCA ‘Inevitable,’ Says Withers
Compliancy inevitably and absolutely the first step’ with regards to the US Foreign Account Tax Compliance Act (FATCA), stated Kristin…
Qatar joins RQFII party with $4.9 billion quota
Petro state Qatar became the first Middle Eastern nation to be awarded RQFII status by Chinese financial regulators, receiving an…
Israel arrested UBS adviser, 13 others, in tax evasion investigation
Israel arrested 14 people, including a senior UBS investment adviser, as part of an investigation into Israelis allegedly holding undisclosed…
Compliance With FATCA ‘Inevitable,’ Says Law Firm
‘Compliancy inevitably and absolutely the first step’ with regards to the US Foreign Account Tax Compliance Act (FATCA), stated Kristin…
World’s top SWFs failing on transparency
Sovereign wealth funds (SWFs) across Asia and the Middle East, which count themselves among the world’s top institutional investors, are…
U.S. probing Standard Chartered over Dubai banking -sources
U.S. authorities are investigating London-based Standard Chartered Plc for potential U.S. sanctions violations connected to its banking for Iranian-controlled entities…