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Fraud biggest business risk after cyber-attacksForty-eight per cent of Middle East businesses cited fraud and corruption as the greatest risk to their company, followed by cyber attacks (38 per cent), according to the Global Fraud Survey conducted by professional services firm EY. More… |
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UAE banks offer tips against scamsThe UAE Banks Federation (UBF), a professional body representing 48-member banks operating in the UAE, has shared some easy-to-implement tips which can help residents in the UAE protect themselves against certain types of fraud. T More… |
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54 face fund fraud charges in Abu DhabiA total of 54 suspects will face charges of fraud, money laundering and practising an economic activity while unlicensed in an investment fund fraud case related to car trade in Abu Dhabi, UAE, a report said. Attorney-General of A More… |
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GCC companies see significant rise in fraud, riskThe proportion of executives in the GCC that reported their companies fell victim to fraud in the past year rose significantly to 88 per cent, from 62 per cent in 2015, highlighting the escalating threat to corporate reputation and regulatory co More… |
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43pc in Mena still say fraud is a problem: reportAbout 43 per cent in Mena still perceive fraud as a problem in their country, while 57 per cent do not believe that management has emphasized the importance of high ethical standards, a report said. Nevertheless, 48 per cent belie More… |
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CustomerXPs to showcase key fraud management solution at MeftechReal-time, cross-channel banking enterprise financial crime management software product company CustomerXPs will showcase its acclaimed product, Clari5, at the upcoming Meftech event in Abu Dhabi. Meftech, the largest financial te More… |
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Batelco warns over fraudulent calls promising prizesBatelco, Bahrain’s leading telecom operator, has issued a warning to its customers on fraudulent calls informing them that they have won a large sum of money. Such calls which are generated from a variety of Bahrain mobile numbers More… |
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Former Rakia official held over alleged fraudA former senior official of a key development body in Ras Al Khaimah, UAE has been arrested in Saudi Arabia over an alleged $1.5 billion fraud, his lawyers said on Wednesday. Khater Massaad was detained at Jeddah airport, in the w More… |
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Egypt probes $70m fraud in wheat supplyEgypt's general prosecutor said on Sunday that local wheat suppliers worked with government employees to falsely claim E£621 million ($69.93 million) worth of grain that does not exist. Egypt has been embroiled in More… |
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Two suspects held over ATM fraudTwo European men have been arrested on suspicion of stealing bank card details using a skimming device on an ATM belonging to a leading bank in Bahrain, said a report in Gulf Daily News, our sister publication. To read more, pl More… |
