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…
Regulation, Risk & Compliance
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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…
Japan-Oman tax treaty to be in force next month
A double-taxation avoidance agreement between Japan and Oman is expected to enter into force next month, the Japanese Foreign Ministry…
Turkey Banks Group Head Expects Fee Restrictions Within Month
Huseyin Aydin, head of the Turkish Banks’ Association, said that he expects the regulator to publish new rules restricting fees…
UAE – Tax treaty with Mexico, FATCA update
An income tax treaty between the UAE and Mexico has an effective date of 1 January 2015, following the treaty’s…
Manipulation Led to Bank Asya's Suspension In Bist
The Borsa Istanbul, Turkey's stock market, issued a statement providing the reason for suspending the trading of shares of Bank…