Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
When the World Economic Forum’s Global Future Council on Transparency and Anti-Corruption gathered in Dubai last November, a pandemic was the last thing on our minds. We had been tasked by the World Economic Forum to think creatively and broadly about the future of integrity across institutions and cultures, and we spent three days doing just that.… Continue Reading
On July 6, the head of Turkey’s central bank Murat Cetinkaya — who in 2017 publicly stated that he felt threatened by Bitcoin — was unexpectedly removed from his job by President Recep Tayyip Erdogan.… Continue Reading
Dubai has been recently lambasted as a “money laundering paradise” by Transparency International and there’s no doubt that Dubai and the UAE in general are lagging in the world of compliance and regulation.… Continue Reading
Azerbaijani President Ilham AliyevThe president of oil-rich Azerbaijan and his two daughters own foreign luxury flats and homes — three of them in London — together worth $140 million.
Ilham Aliyev took over as president of Azerbaijan from his father in 2003.… Continue Reading
In a criminal fraud and False Claims Act settlement Monday with total penalties amounting to $389 million, a whistleblower collected $16 million from the $101 million paid to settle the FCA portion of the case.… Continue Reading
Image courtesy of FLIRThe Securities and Exchange Commission said Monday it sanctioned two former employees in the Dubai office of a U.S.-based defense contractor for violating the Foreign Corrupt Practices Act by taking government officials in Saudi Arabia on a “world tour” to help win business for the company.… Continue Reading
Extradition is the official process where one country transfers a suspected or convicted criminal to another country. The process dates back to at least the 1300s BC, when Ramesses II of Egypt negotiated an extradition treaty with Hattusili III, a Hittite king.… Continue Reading
The UK Serious Fraud Office said Monday it has launched a formal investigation of survey and construction services firm Sweett Group.
A notice on the SFO website dated July 14 said:
… Continue ReadingThe SFO confirmed today that the Director has opened an investigation into Sweett Group in relation to its activities in the United Arab Emirates and elsewhere.
Courtesy of YouTubeA passport control officer in Dubai accepted bribes to alter exit report records, making it look like nearly 5,300 people left the country between August 2007 and August 2012 when they actually went no where.… Continue Reading
Deutsche Bank agreed on Monday to turn over documents related to a regulatory probe into the operations of its Dubai-based wealth management division.
The Frankfurt-based lender will hand over the details sought by the Dubai Financial Services Authority (DFSA) within 28 days and pay the regulator’s costs, as noted in a DFSA statement on Monday.… Continue Reading
Image courtesy of WikipediaAnother high-flying China official has been indicted for taking bribes.
Tian Xueren, the former deputy governor of Jilin Province, is accused of taking about $3 million on 85 occasions between 1995 and 2011.… Continue Reading
