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Dubai denies penalty for comments on economyThe Dubai Department of Economic Development (DED) in Dubai has clarified that there is no truth in rumours that individuals and companies are penalised for negative comments on the emirate's economic situation. "In respo More… |
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Tough penalty for insulting Bahrain shura councilA draft law toughening penalties for defaming statutory bodies will be on parliament’s agenda when it meets on Tuesday. “Those convicted of defaming the Shura Council, parliament or the National Assembly will be jailed More… |
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Bahrain plans penalty points for driving offencesBahrain is planning to introduce penalty points for driving offences, it has emerged. It will mean repeat offenders, who accumulate enough points, will have their licence revoked, General Director of Traffic Shaikh Nasser bin Abdu More… |
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StanChart to pay $300m penalty for AML deficienciesStandard 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. More… |
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US threatened $16 billion BNP penalty: sourcesUS 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 More… |
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Tougher penalties on way for child abuseTougher 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 More… |
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DFSA penalises former executive of DIFC firmThe 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. More… |
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Penalty imposed on DIFC private bankerThe 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 More… |
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US aviation body seeks quality penalty for BoeingThe 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 penalt More… |
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RBS fined $615 million for rate riggingBritain's Royal Bank of Scotland will pay US and British authorities $615 million and plead guilty to wire fraud in Japan to settle allegations it manipulated global benchmark interest rates. More… |
