UAE money launderers face 10 years jail and Dh500,000 fine
Abu Dhabi: New rules to strengthen the fight against money laundering are being discussed by the Federal National Council’s financial…
Regulation, Risk & Compliance
8931 articles found
New Dubai sukuk standards seek to clarify liability, rights
Dubai's main bourse has published new standards for structuring Islamic bonds, seeking to clarify their legal status and attract a…
GCC bonds, sukuk primary issuances total $97bn in 2013
The aggregate primary issuance of bonds and sukuks in the Gulf Cooperation Council region totalled $97.7bn in 2013, up 14.5%…
Barwa Bank initial mandated lead arranger on Ezdan debut syndication
Late in 2013 Ezdan took on a new direction by looking to strategically diversify their business. Ali Al-Obaidli,…
Gulf region still a risk for investors, EIU report says
Despite improvements in regulations and moves to diversify Arab economies beyond natural resources, global investors remain wary of doing business…
Burgan Bank to raise capital this year
Kuwait’s Burgan Bank wants to raise more capital this year to comply with the Basel III banking industry regulations while…
QFCA promotes al-Jaida as its deputy CEO
The Qatar Financial Centre Authority has elevated Yousef Mohamed al-Jaida to the post of deputy CEO. “With the support…
Lebanon lifts banking secrecy 17 times in 2013
The Lebanese financial authorities lifted banking secrecy rules on 17 bank accounts suspected of involvement in money laundering, embezzlement and…
RBS reprimanded by Qatar regulatory authority
The Royal Bank of Scotland has been reprimanded by one of the main financial regulators in Qatar for failing to…
ISRAEL: BoI bank controller orders compliance with FATCA
FATCA was enacted in the US in 2010 in an effort to combat tax evasion by US persons holding investments…
Region needs pre-emptive action against Bitcoin
It was not so long ago that we were warned of the risk of dealing in the digital currency of…
Kuwait lets foreign banks open more branches to fuel growth
Kuwait will let foreign banks open multiple branches in the country to spur growth authorities said on Tuesday, though analysts…