Featured Saudi Arabia

Saudi Arabia’s public prosecutor said on Tuesday that the government campaign against corruption, which targeted the business and political elite last year, would work its way through lower-level offences. “The campaign is ongoing as long as there is even a simple case (of corruption) … and it will not end… Read More
15th October 2018
Saudi Arabia on Sunday warned against threats to punish it over last week’s disappearance of journalist Jamal Khashoggi, as European leaders piled on pressure and two more U.S. executives scrapped plans to attend a Saudi investor conference. Khashoggi, a U.S. resident and Washington Post columnist critical of Riyadh’s policies, disappeared… Read More
11th September 2018
A Saudi princess has reported the theft of jewels worth 800,000 euros ($930,000) from her suite at the Ritz hotel in Paris, a police source said on Monday. The woman, who was not named, said the jewels were taken on Friday afternoon. There were no signs that the room… Read More
16th August 2018
Tesla CEO Elon Musk and the company itself may have little to fear from U.S. regulators according to legal analysts, despite Musk’s failure so far to back up his early August tweet saying he had “funding secured” for his plan to take the electric car maker private. The U.S. Read More
Tom Devlin interviews Gary Osen, a high profile attorney and expert on the Anti-Terrorism Act. Read More
9th August 2018
AP — The United States announced Wednesday it will impose new sanctions on Russia for illegally using a chemical weapon in an attempt to kill a former spy and his daughter in Britain earlier this year. The new sanctions, to be imposed later this month, come despite President Donald Trump’s… Read More
3rd April 2018
Saudi Arabia’s public prosecutor said on Tuesday that the government campaign against corruption, which targeted the business and political elite last year, would work its way through lower-level offences. “The campaign is ongoing as long as there is even a simple case (of corruption) … and it will not end… Read More
12th March 2018
Saudi King Salman has ordered the establishment of specialized departments in the public prosecutor’s office to investigate and prosecute corruption cases, the government’s information office said in a statement on Sunday. The move is intended to increase effectiveness and accelerate the process of combating corruption, the statement quoted Attorney General… Read More
28th February 2018
Saudi Arabia’s powerful crown prince said the kingdom’s anti-corruption crackdown was needed to meet budget targets, comparing the purge to chemotherapy in an interview with the Washington Post published on Wednesday. Authorities rounded up dozens of princes, top officials and businessmen in November on Prince Mohammed bin Salman’s orders, with… Read More
26th February 2018
AP – The Trump administration is opening talks with Saudi Arabia on a potentially lucrative atomic energy agreement that’s inextricably linked to an Obama-era nuclear deal with Iran. At stake: Billions of dollars in contracts for U.S. companies and bigger questions about America’s ability to keep friend and… Read More
14th February 2018
Saudi Arabian billionaire Prince Alwaleed bin Talal, freed two weeks ago from detention in a luxury hotel during a corruption sweep, said on Tuesday he was answering a government call to support local soccer clubs by donating half a million dollars. Prince Alwaleed, one of the country’s top international investors,… Read More
Must Read

EU adopts Sixth Anti-Money Laundering Directive EU 6AMLD, deadline set

Countries across the European Union will have two years to implement a new system of jail sentences and sanctions for money launderers following the formal adoption of the EU’s latest anti-money laundering directive, dubbed 6AMLD (Sixth Anti-Money Laundering Directive) on 11 October 2018. Once the directive is published in the… Read More

Anti-money laundering compliance costs hit $25 billion annually – study

The cost of AML compliance across U.S. financial services firms equaled $25.3 billion per year based on survey responses from more than 150 decision-makers at banks, investment, asset management and insurance firms, according to a new study. The report shows that smaller firms are hit hardest, relative to their bottom… Read More