Saudi hopes crackdown will help it get FATF membership
15th December 2017
Saudi hopes crackdown will help it get FATF membership
Saudi Arabia has high hopes that a campaign of arrests to crack down on corruption will improve its chances of joining the Financial Action Task Force, a global body dedicated to combating illicit money flows. The kingdom, one of only two G20 nations along with Indonesia which is not a… Read More
Swiss review Saudi bank account info, no action so far
4th December 2017
Swiss review Saudi bank account info, no action so far
By Angelika Gruber, Brenna Hughes, Michael Shields, REUTERS Swiss authorities are reviewing information submitted by banks about potentially suspicious transactions linked to Saudi accounts but have not frozen funds or launched criminal investigations, federal prosecutors said on Monday. They were responding to a report by the Financial Times that cited… Read More
Corruption: Saudi crackdown will not hit investments, says minister
17th November 2017
Corruption: Saudi crackdown will not hit investments, says minister
17 November 2017 By Ahmad Ghaddar, Dmitry Zhdannikov Saudi Arabia’s corruption investigations are linked to a just few individuals and will not hinder investments in the kingdom, its energy minister said on Thursday. Khalid al Falih said the crackdown was way overdue and would also not have any impact on… Read More
Lebanon risks facing Gulf Arab sanctions over Hizballah – Hariri
13th November 2017
Lebanon risks facing Gulf Arab sanctions over Hizballah – Hariri
Radio Free Europe, Radio Liberty ad Hariri, who resigned as Lebanon’s prime minister last week, says his country faces the risk of sanctions being imposed by Gulf Arab nations because of the Iran-backed Hizballah movement’s activities in Lebanon. Hariri made the comments in a television interview from Saudi Arabia on… Read More
Saudi Arabia calls for Iran sanctions over ‘terrorism support’
9th November 2017
Saudi Arabia calls for Iran sanctions over ‘terrorism support’
Saudi Arabia’s foreign minister urged the international community to slap fresh sanctions on Iran for its alleged support of terrorism. Saudi Arabia has accused Iran of being behind a ballistic missile attack on Saturday. The missile, which was fired by Houthi… Read More
‘Bitcoin-bashing’ Saudi prince arrested in illicit cash crackdown
7th November 2017
‘Bitcoin-bashing’ Saudi prince arrested in illicit cash crackdown
Billionaire Saudi Prince Alwaleed bin Talal, who recently dismissed bitcoin as ‘Enron in the making’, is understood to be among several princes who have been arrested in a Saudi government crackdown on corruption. Alwaleed recently told CNBC “I just don’t believe in this bitcoin thing. I think it’s just… Read More
Saudi princes among dozens detained in anti-corruption purge
6th November 2017
Saudi princes among dozens detained in anti-corruption purge
BBC A new Saudi anti-corruption body has detained 11 princes, four sitting ministers and dozens of former ministers, media reports say. The detentions came hours after the new committee, headed by Crown Prince Mohammed bin Salman, was formed by royal decree. Those detained were not named. BBC security correspondent Frank… Read More
Whistleblower fled Saudi Arabia over alleged bribery at Airbus
1st November 2017
Whistleblower fled Saudi Arabia over alleged bribery at Airbus
Retired Army officer Ian Foxley thought he had found his dream job overseeing a £1.96 billion ($2.6 billion) contract for upgrading defence telecommunications in Riyadh, Saudi Arabia. Instead, he uncovered what he believed was evidence of a multi-million-pound bribery scheme, and tried to blow the whistle, deciding to flee the… Read More
Sanctions: US, Saudi Arabia target Yemen-based terror financing
25th October 2017
Sanctions: US, Saudi Arabia target Yemen-based terror financing
The United States on Wednesday imposed sanctions on individuals and an entity which it said were linked to sponsoring terrorism in Iraq, Syria and Yemen. The US Treasury’s Office of Foreign Assets Control (OFAC) issued the designations targeting leaders, financiers and facilitators of the Islamic State and al-Qa’ida… Read More
Bitcoin is ‘Enron in the making’ – Saudi Prince Alwaleed 
23rd October 2017
Bitcoin is ‘Enron in the making’ – Saudi Prince Alwaleed 
By William Watts, CNBC Add Saudi billionaire Prince Alwaleed bin Talal to the roster of high-profile investors and financiers who don’t believe bitcoin and other cryptocurrencies are here to stay. “I just don’t believe in this bitcoin thing. I think it’s just going to implode one day,” Alwaleed told CNBC… Read More
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