SAMA chief reasserts KSA’s commitment to global AML
“Saudi Arabia’s role and commitment in the Anti Money Laundering (AML) area is evident on the local and international levels.…
Regulation, Risk & Compliance
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QCB asks all banks to transfer account data
The Qatar Central Bank has asked all banks to provide it with basic information about their customers’ accounts, including individuals…
Dubai considers rule change to lure more domiciled funds
Dubai is considering regulatory reforms to persuade more funds to base themselves in its financial centre,though industry experts believe that…
Turkish government denies claims of financial bodies’ merger
The Turkish government has no plans to merge the banking and capital markets watchdogs under a single roof that would…
UAE to sign FATCA agreement soon
The US and UAE governments are in the process of signing the FATCA Intergovernmental Agreement. Under this agreement, banks…
Gulf bank governors meet in Kuwait despite diplomatic row
Arab central bank governors of the energy-rich Gulf met Wednesday in Kuwait to discuss combating terror funding and boosting cooperation,…
Jordan: Association of Banks' director elected as head of FACTA's applications team
Participants at the forum for Foreign Account Tax Compliance Act chose Director General of the Association of Banks in Jordan,…
Oman Central Bank Says No Quick Introduction Of Islamic Instruments
Islamic banks in Oman look set to wait many more months for access to additional sharia-compliant money market tools after…
Gulf bankers meet to boost cooperation
Arab central bank governors of the energy-rich Gulf met yesterday in Kuwait to discuss combating terror funding and boosting cooperation.…
Gulf Arab Rift Has No Effect On Central Bankers Meet
A diplomatic rift between Qatar and three other Gulf Arab countries had no effect on a meeting of Gulf central…
Tax law to force US expats to seek new investments
The looming implementation of the Foreign Account Tax Compliance Act (FATCA), a law designed as a tool to counteract tax…
Sudanese bank says dealings with Saudi Arabia unaffected
The general manager of the Bank of Khartoum Fadi Salim Al- Faqih said that the bank’s dealings with its counterparts…