Featured Saudi Arabia

EU publishes money laundering blacklist, urges banks to apply customer due diligence (CDD)

The European Commission on Tuesday adopted a list of countries it says has weak anti-money laundering and terrorist financing regimes, and urged banks to increase customer due diligence (CDD) checks on customers and firms from the blacklisted states. The list was established after an ‘in-depth’ analysis, the Commission explained, and… Read More

Serious Fraud Office: British exec convicted of bribery in £3 billion Saudi deal

A former sales boss at a London firm has pleaded guilty over allegations he made corrupt offers to influence officials in Saudi Arabia to award the company contracts worth billions. British national David Lufkin, who worked as Global Head of Sales for Petrofac International Limited, is now awaiting sentencing… Read More

Saudi crown prince had threatened to use ‘bullet’ on Khashoggi – NY Times

A year before Saudi journalist Jamal Khashoggi was killed, Crown Prince Mohammed bin Salman told an aide he would use “a bullet” on the journalist if he did not return home and end his criticism of the government, the New York Times reported on Thursday. The crown prince’s comments to… Read More
1st February 2019
The European Commission has added Saudi Arabia to an EU draft list of countries that pose a threat to the bloc because of lax controls against terrorism financing and money laundering, two sources told Reuters on Friday. The move comes amid heightened international pressure on Saudi Arabia after the murder… Read More
1st February 2019
An MP on a parliamentary media committee has reportedly called for transparency about the ownership of the London Evening Standard following a report that the newspaper’s main owners are refusing to reveal the identity of a new stakeholder. According to the Financial Times, the paper’s Russian owner Evgeny Lebedev… Read More
31st January 2019
Saudi Arabia has ended a sprawling crackdown on corruption ordered by Crown Prince Mohammed bin Salman that it said had recovered more than $106 billion through settlements with scores of senior princes, ministers and top businessmen. Under the surprise campaign launched in November 2017, the government summoned 381 people, some… Read More
27th December 2018
Fresh misconduct allegations brought by Tokyo prosecutors against ousted Nissan (7201.T) Chairman Carlos Ghosn centre on the use of company funds to pay a Saudi businessman who is believed to have helped him out of financial difficulties, two company sources with knowledge of the matter said. Prosecutors arrested Ghosn for… Read More
21st December 2018
Saudi Arabia’s finance minister said on Wednesday that cash settlements from an anti-corruption campaign would net “not significantly less” in 2019 than the 50 billion Saudi riyals ($13.3 billion) collected in 2018. Mohammed al-Jadaan also said in a Reuters interview that construction giant Saudi Binladin Group, in which the government… Read More
18th December 2018
AP — Senators voted Thursday to recommend that the U.S. end its assistance to Saudi Arabia for the war in Yemen and put the blame for the death of journalist Jamal Khashoggi squarely on Saudi Crown Prince Mohammed bin Salman, in a direct challenge to both… Read More
5th December 2018
AP — An Israeli company known for its sophisticated phone surveillance technology on Monday rejected accusations that its snooping software helped lead to the killing of Saudi journalist Jamal Khashoggi. The NSO Group has faced similar claims in the past that its products were used to… Read More
19th November 2018
The CIA believes Saudi Crown Prince Mohammed bin Salman ordered the killing of journalist Jamal Khashoggi in Istanbul, sources familiar with the matter said on Friday, complicating President Donald Trump’s efforts to preserve ties with a key U.S. ally. The sources said the CIA had briefed other parts of the… Read More
1st November 2018
AP – Saudi journalist Jamal Khashoggi was strangled as soon as he entered the Saudi Consulate in Istanbul as part of a premeditated killing, and his body was dismembered before it was removed, a top Turkish prosecutor said Wednesday. Chief Istanbul prosecutor Irfan Fidan’s office also… Read More
22nd October 2018
AP – The Latest on the killing of Saudi writer Jamal Khashoggi, a Washington Post columnist who vanished after entering the Saudi consulate in Istanbul earlier this month (all times local): 10:55 p.m. Germany’s foreign minister is calling into question the sale of arms to Saudi… Read More