Standard Chartered is aiming to sell part of its business in the UAE after it agreed to close some accounts there in an anti-money laundering settlement with U.S. authorities, two sources familiar with the plan said.
Under the set
Standard Chartered on Thursday said it would work with regulators after the UAE central bank warned it could face legal action after agreeing to close some customers' UAE accounts in an anti-money laundering settlement.
Standard Chartered is liable to legal action in the UAE after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with US regulators, the UAE central bank said on Thursday.
Under the settleme
Standard Chartered Private Equity (SCPE) announced today (August 20) the acquisition of a minority stake in UAE-based Topaz Energy and Marine (Bermuda), a leading offshore support vessel operator, through an equity investment of $75 million.
Standard Chartered will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity, as a result of faults in the software critical to its anti-money laundering compliance program, two sources
Standard Chartered Saadiq, the Islamic Banking division of Standard Chartered Bank, inaugurated its first dedicated Islamic Banking Center in the UAE at the Al Khalidiya Branch in Abu Dhabi.
Present at the ceremony was Wasim Akhta
Standard Chartered warned profits would fall in 2014 for the second year in a row after first-half earnings dropped by a fifth due to tougher regulations and low market volatility in its trading business.
The bank also said on Thu
Dubai Economic Council (DEC) and Standard Chartered Bank have signed an MoU stipulating that the bank will advise, arrange and facilitate trade and investment flows between the public and private sectors based in Dubai and the US.
More than 100 key banking sector leaders from 15 markets from across the region are taking part in a major conference hosted by Standard Chartered in Turkey.
The two-day Middle East, North Africa & Pakistan (MENAP) Bankers Con
Standard Chartered is organising its first ever UAE National Job Fair aimed at identifying and recruiting high calibre talented young UAE Nationals willing to venture into the world of banking and finance.
The event will be held o