12th April 2016
BEIRUT: The Central Bank has banned the issuance and use of prepaid cards in Lebanon in a move to tighten anti-money laundering and terrorism-funding measures. The decision was taken by the Central Bank Council on March 23 and said these types of cards can be used in money laundering and terrorism funding operations. Read More
Against a backdrop of big changes to U.S. sanctions in respect of both Iran and Cuba, A. Katherine Toomey, Cristian Francos and Aaron T. Wolfson of Lewis Baach PLLC explain how to access funds which had been frozen - until now Read More
4th April 2016
Petro Poroshenko, President of Ukraine; Salman bin Abdulaziz bin Abdulrahman Al Saud,  King of Saudi Arabia; Li Xiaolin,  daughter of former Chinese premier Li Peng; Sergey Roldugin, a close friend of Vladimir Putin; Arkady and Boris Rotenberg, also friends of Vladimir Putin; Juan Pedro Damiani, FIFA ethics committee member; Sigmundur David Gunnlaugsson, Prime Minister… Read More
22nd March 2016
PwC has been surveying trends in global economic crime in the Middle East since 2011. In that time, despite efforts to combat economic crime, there has been no clear indication that levels in the Middle East or globally have decreased. Read More
22nd March 2016
Law, which still requires Knesset approval, would regard tax evasion as money laundering and bring stiffer penalties. Read More
15th March 2016
On 19 February, 2016 the Financial Action Task Force (“FATF”) issued a public statement reaffirming its blacklisting of Iran and the Democratic People’s Republic of Korea (“DPRK”). Read More
13th March 2016
One57’s construction was funded by a subsidiary of an Abu Dhabi company linked to a global money laundering investigation, according to the New York Post. Read More
10th March 2016
The charges also include fraud, breach of public trust, fraudulent receipt of a benefit under aggravated circumstances, theft, money-laundering, tax violations and conspiracy to commit a felony. Read More
7th March 2016
TEHRAN, Iran (AP) — An Iranian court has sentenced a well-known tycoon to death for corruption linked to oil sales during the rule of former President Mahmoud Ahmadinejad, the judiciary spokesman said Sunday. Read More
3rd March 2016
New Delhi: The Income Tax department is scrutinising a reply sent to it by HSBC bank after the taxman recently issued notices against the Swiss and Dubai arms of the global banking giant for allegedly abetting tax evasion by certain Indians. Read More