Fraud & Ethics
Islamic Finance
Legal
Regulation, Risk & Compliance
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Wealth and Asset Management
Iran hit by massive $2.6 bn banking scam
Several Iranian banks have been targeted in one of the biggest frauds in the Islamic republic's history, losing nearly $2.6 billion in more than two years, media reports said Sunday. The fraud was reportedly orchestrated by a single man, referred to as "Mr X" in Iranian media, who developed a…
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