Qatar sues Luxembourg, UAE, Saudi banks in FX manipulation case
9th April 2019
Qatar sues Luxembourg, UAE, Saudi banks in FX manipulation case
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
EU states block blacklisting Saudi, Panama over dirty money
7th March 2019
EU states block blacklisting Saudi, Panama over dirty money
The 28 member states of the European Union all backed a decision on Thursday to reject a proposal from the EU executive to add Saudi Arabia to a blacklist of countries suspected of being lax on terrorist financing and money laundering. The decision comes after pressure from Riyadh and other… Read More
EU states block putting Saudi Arabia, U.S. territories on dirty-money list
4th March 2019
EU states block putting Saudi Arabia, U.S. territories on dirty-money list
European Union member states unanimously rejected on Friday a proposal to blacklist Saudi Arabia and four U.S. territories for lax controls on terrorism financing and money laundering, sources told Reuters. Saudi Arabia, a major importer of EU weapons and goods, had lobbied against being branded a “high-risk” country, as had… Read More
After Saudi king letter EU states move to block dirty-money list
28th February 2019
After Saudi king letter EU states move to block dirty-money list
The adoption of a European Union money-laundering blacklist, which includes Saudi Arabia as well as Puerto Rico and three other U.S. territories, could be blocked by EU governments under a procedure launched on Thursday, two EU diplomats told Reuters. Some governments opposed adopting the provisional list on Thursday, triggering a… Read More
Britain urges Germany to ease curbs on arms sales to Saudi
21st February 2019
Britain urges Germany to ease curbs on arms sales to Saudi
AP — Britain’s top diplomat has urged Germany to relax its ban on arms sales to Saudi Arabia because they are affecting U.K. sales of weapons to — and by extension its influence with — the oil-rich kingdom. The German weekly Der Spiegel reported Wednesday that British Foreign Minister Jeremy… Read More
EU publishes money laundering blacklist, urges banks to apply customer due diligence (CDD)
15th February 2019
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
11th February 2019
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
8th February 2019
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
EU adds Saudi Arabia to draft terrorism financing list: sources
1st February 2019
EU adds Saudi Arabia to draft terrorism financing list: sources
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
Mystery over ‘secret’ beneficial owner of popular London newspaper in Cayman
1st February 2019
Mystery over ‘secret’ beneficial owner of popular London newspaper in Cayman
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
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