Standard Chartered has reached a $300 million civil monetory penalty settlement with the New York State Department of Financial Services (DFS) regarding deficiencies in the anti-money laundering trisection system at its New York branch.
US authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France's biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter.
While the sour
Tougher punishments could be on the way for those endangering the lives of children or mentally-disabled people in Bahrain.
The Shura Council yesterday initially approved a proposed amendment to the Penal Code, which states that p
The Dubai Financial Services Authority (DFSA) has slammed a penalty of Dh27,525 ($7,500) on a former senior executive officer of a Dubai International Financial Centre (DIFC) authorised firm for issuing a letter containing false information.
The Dubai Financial Services Authority (DFSA) has imposed a financial penalty on a former private banker.
It said today that Nikhil Das will pay a penalty of Dh73,400 ($20,000) and be restricted, for a period of six years, from performi
The US Federal Aviation Administration on Friday said it proposed penalising Boeing's commercial airplane unit $2.75 million for taking nearly two years to fix a problem with fasteners on its 777 widebody airplanes.
The UAE will stop imprisoning expatriates for writing cheques that bounce, Abu Dhabi daily The National reported on Tuesday, citing a senior official.
The UAE's tough penalties for defaulting on loans, which is a criminal offe
Standard Chartered expects to pay $330 million to settle a case with US regulators for breaking sanctions on Iran, the Asian-focused bank said on Thursday, a second such penalty which could almost wipe out its profit growth thi
BP will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster that caused the worst offshore oil spill in the US history, it said yesterday.
The settlement includes a $1.256 billion