The Western Union Company, a leading money transfer firm, has launched its automated self-service kiosks in the UAE, that will allow customers to pay bills and send money via easy-to-use touch screen terminals on a 24x7 basis.
Fifteen men have been convicted of being part of a money-laundering racket that transferred up to BD350 million ($922.8 million) abroad.
The group, including 11 managers and staff working for UAE Exchange, illegally sent the money
Goldman Sachs is reviving plans to raise at least $500 million with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money.
The US bank will mee
Large global banks are facing increased pressure from US regulators to clamp down on casino money-laundering as the government pushes the industry to police not only its own transactions but customers' as well.
A verdict is due in the trial of 16 men accused of being part of a money laundering racket that transferred up to BD350 million ($923.7 million).
They include 11 managers and employees working for an exchange c
Lawyers have submitted final arguments in the trial of 16 men accused of being part of a money-laundering racket that transferred up to BD350 million ($923.6 million).
The ring included 11 managers and employee
Bahrain joined the world yesterday (March 29) for the annual Earth Hour campaign, which is aiming to raise money via the Internet for local environmental projects.
The Singapore-based campaign by conservation g
Prosecution witnesses will be summoned to court in the case of 16 men accused of being part of a money-laundering ring in Bahrain that transferred up to BD350 million ($923.4 million).
The ring included 11 mana
Security is being beefed up at a money exchange after it was confirmed it was the target of a botched burglary.
An employee at Nonoo Exchange, on Exhibition Avenue, initially denied there was a break-in and sai