Central bank asks banks to block cards on suspicion of data theft
The Central Bank of the UAE on Tuesday asked a few banks operating in the country to block the usage…
Regulation, Risk & Compliance
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Corpbank looks to Oman for restructuring
The majority owner of Bulgaria’s troubled Corporate Commercial Bank (Corpbank) said yesterday it was working with Oman’s sovereign wealth fund…
Bank funding no longer a function of liquidity alone
The context of the Middle Eastern debt market, bank lending has been a dominant component. The debt issuances, to date…
Germany-Israel Update Double Tax Arrangements
Israeli Finance Minister Yair Lapid and his German counterpart, Wolfgang Schäuble, signed a revised German-Israeli double taxation agreement in Berlin…
Bahrain banks 'are ready for Basel III'
Bahrain banks rank among leading global banking institutions in terms of readiness to implement Basel III international standards as they…
Dubious financial dealings on rise
A SPIKE in the number of suspicious transactions related to money laundering and terrorism financing has been recorded in Bahrain…
Saudi Financial Regulator Proposes Controlled Structure for Foreign Ownership
he Capital Market Authority, the main financial regulator for financial markets in Saudi Arabia, has issued new draft proposals for…
UAE Central Bank Says StanChart Can Face Legal Action
The bank had agreed to close some customers' UAE accounts in an anti-money laundering settlement with US regulators announced on…
Dubai eases fund manager restrictions
Dubai has eased its restrictions on asset managers in what appears to be a move to attract more hedge funds…
Standard Chartered fined $300 million over laundering controls
New York's banking regulator hit Standard Chartered Bank with a $300 million fine and restrictions on its dollar-clearing business today…
Standard Chartered fined $300 million over laundering controls
Benjamin M. Lawsky, Superintendent of Financial Services, announced an order today regarding Standard Chartered Bank's ("SCB") failures to remediate anti-money…
CEO of Dubai financial zone authority resigns
effrey Singer said on Wednesday that he had resigned as chief executive of the DIFC Authority, which oversees Dubai's financial…