Featured Qatar

New law bolsters Qatar’s role in combating money laundering, terror funding

His Highness the Amir Sheikh Tamim bin Hamad al-Thani on Wednesday issued Law No. 20 of 2019 to issue a law on combating money laundering and terrorism financing. The law is effective starting from the day following the date of its publication in the official gazette. Qatar Central Bank (QCB)… Read More

Qatar-controlled bank investigated by UK over money laundering

The UK’s finance watchdog is investigating a British Qatari- controlled bank that has been acting as a platform for extremists’ interests in Europe. The British-registered, Qatari state controlled bank Al Rayan, is being investigated over its money laundering controls. The bank told shareholders that its “anti-money laundering processes and controls… Read More

Former Barclays Execs Face New Fraud Charges in Qatar Case: Reports

The UK’s Serious Fraud Office (SFO) has added fraud charges to its case against three former Barclays executives accused of directing hundreds of millions of pounds to Qatar in return for financing from the Gulf state, according to the Financial Times and Bloomberg. The new charges target Roger… Read More
7th August 2019
Swiss federal prosecutors have filed fraud charges against three former senior German soccer officials and one Swiss over a suspect payment linked to the 2006 World Cup hosted by Germany, the Swiss Attorney General’s office said on Tuesday. The indictment alleges former German Football Association (DFB) presidents Theo Zwanziger and… Read More
1st August 2019
Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most important — and lately most dangerous — energy chokepoint: vanish from global tracking systems. Copying from Iran’s own playbook, at least 20 ships turned off their transponders while passing through… Read More
8th July 2019
As the U.S. looks to enforce sanctions aimed at halting trade with states such as Iran and Venezuela, there’s increased scrutiny on the tricks being used to keep commodities flowing to and from blacklisted countries. Ships… Read More
23rd June 2019
UN officials have voiced concerns that alleged members of Al Qaeda and Islamic State are exploiting loopholes in the intergovernmental group’s sanctions to access blocked funds, The Wall Street Journal reported Wednesday. Under UN Security Council rules, blacklisted individuals can request to take back a portion of their frozen money… Read More
28th May 2019
The Qatari president of French soccer club Paris Saint-Germain, Nasser al-Khelaifi, is under formal investigation in France for alleged corruption related to Doha’s bid to host the athletics world championship, his lawyers said on Thursday. French financial prosecutors are looking at a $3.5 million payment made in 2011 by Qatar-based… Read More
9th April 2019
A London jury has been discharged in a landmark fraud trial of four former Barclays executives accused of paying Qatar undisclosed fees to help rescue the bank at the height of the credit crisis in 2008. Judge Robert Jay told the jury at Southwark Crown Court on Monday he was… Read More
9th April 2019
Qatar said on Monday it had filed lawsuits against three banks, accusing them of using what it called overseas currency manipulation to sabotage its economy in the wake of an Arab boycott against the country in 2017. The cases, filed in London and New York, name Luxembourg-based Banque Havilland, the… Read More
13th March 2019
Britain’s Serious Fraud Office (SFO) failed to take “reasonable and appropriate” steps to get key documents from Qatar’s U.S. lawyers before a fraud trial of four former Barclays executives, a London criminal court heard on Thursday. The jury was told that Judge Robert Jay had ruled in January on the… Read More
24th January 2019
Four former Barclays (BARC.L) executives conspired to commit fraud by hiding 322 million pounds of payments to Qatar in return for cash injections in 2008, a prosecutor alleged at the opening of one of London’s most high-profile criminal trials. Former chief executive John Varley and three former directors are the… Read More
7th January 2019
The most senior bankers to face criminal charges in Britain over conduct during the financial crisis will appear before a London jury next week in a trial that will test the mettle of the Serious Fraud Office. Former Barclays (BARC.L) CEO John Varley and three one-time colleagues stand charged over… Read More