The New York State Department of Financial Services said it fined Dubai-based Mashreqbank PSC and its only U.S. branch $40 million for violating U.S. anti-money-laundering laws.

NEW YORK: New York state financial regulators on Wednesday fined the Dubai-based Mashreqbank $40 million, saying it cleared millions of high-risk transactions with scant safeguards against money ...

As wealth in the Gulf rises and client expectations shift, Bank of Singapore’s head of private banking for Europe and the Middle East, Ranjit Khanna, is further strengthening the financial institution ...

The United Arab Emirates (UAE) central bank failed to act on warnings about a local firm which was helping Iran to evade sanctions, ... In April 2013, New York Mellon, a US bank, ...

Mazen Makarem, a senior banker with Goldman Sachs Group Inc. in Dubai, is relocating to New York to cover private equity firms, sovereign wealth funds and family offices.

UAE bank is among global heist victims Rakbank was defrauded Dh17.4 million as part of an orchestrated complex global bank heist, involving several rings of criminals, worth more than Dh165 ...