Search Results for: UAE

There is no doubt that the Covid-19 pandemic has fuelled the black-market trade in illicit and smuggled licit tobacco products. The disease has depressed income and forced lower income smokers to look for cheap smokes, which has included counterfeits or smuggled goods.…

EMPLOYERS who fear they are being fleeced by a corrupt employee or being hacked externally do not just need to find the attacker, they must comply with data protection and privacy protections while they conduct their investigations. Breaching such laws can undermine any criminal or civil case brought against a fraudster or hacker or can weaken inside dismissal and disciplinary negotiations with the offender.…

Ever since President Joe Biden defeated former US President Donald Trump last November (2020), foreign policy experts have been predicting change regarding American foreign policy. This is especially as regards approaches to the Middle East, notably in dealings with the Gulf states.…

Fraud, cybercrime and e-commerce scams are on the rise in the United Arab Emirates, with the COVID-19 pandemic presenting new opportunities for criminals. The government has launched an anti-fraud campaign, but laws and enforcement are still not up to scratch. Paul Cochrane reports.…

Anti-money laundering specialists may be focusing on how crypto-currencies and online transactions pose an increasing ML/TF risk, especially with Covid-19 encouraging ecommerce, but the reality is that cash remains the money launderers’ best instrument for moving dirty money.

That is the conclusion of Gabriel Hidalgo, a managing director at risk specialists K2 Integrity, in New York: “Cash is king for ML; it continues to be king; and on the majority of levels, illicit actors will continue to use cash,” he said.…

In 2021, when the UK has thrown away its most precious diplomatic asset, its membership of the European Union, for dubious democratic gains, burning major European civil rights enjoyed by Britons and causing likely economic long-term damage, it is maybe time to recall when Britain followed more enlightened international policies.…

In 2021, when the UK has thrown away its most precious diplomatic asset, its membership of the European Union, for dubious democratic gains, burning major European civil rights enjoyed by Britons and causing likely economic long-term damage, it is maybe time to recall when Britain followed more enlightened international policies.…

The United Arab Emirates (UAE) has long been the most dynamic economy of the Arab word, based on finance, property, tourism, research and more, as well as energy wealth. Other Gulf countries, except Bahrain, are far more energy reliant. And with that diversification has come a great openness to overseas talent, with non-Emiratis now making up 85% of the 9.5 million population.…

The boom in online fraud through the Covid-19 pandemic, at a time when new fintech is being rolled out, has grown demand for anti-fraud professionals.

The latest assessment released by the Association of Certified Fraud Examiners (ACFE) (published in December 2020), based on responses from 1,712 anti-fraud professionals, (49% of whom were in the USA and Canada), said that 41% of organisations (public and private sector) are planning to increase their overall anti-fraud budget in 2021.…

E-commerce and digitalisation have needed a good push to really get going in the Gulf. And this has happened through Covid-19. The pandemic has shoved digitalisation into widespread adoption amid an otherwise difficult economic environment.

In the Gulf’s two largest economies, Saudi Arabia and the United Arab Emirates (UAE), there has been a flurry of digital activity since the pandemic hit.…