Region: United Arab Emirates

The Petrofac bribery schemes: where, what and how

UK oil services company Petrofac has admitted to failing to prevent its agents and employees from paying bribes to win contracts worth billions of dollars throughout the Middle East. GIR takes a deep dive into the bribery schemes and compliance failures that led to the guilty plea.

05 October 2021

Petrofac sentenced in “systemic, serious and grave” foreign bribery case

A London court has ordered oil services company Petrofac to pay £77 million after the company admitted seven counts of failing to prevent bribery between 2011 and 2017.

04 October 2021

Former US intelligence and military operatives reach settlement over foreign hacking

15 September 2021

UAE introduces new anti-money laundering guidance

The United Arab Emirates' central bank has issued new guidance for licensed financial institutions to combat money laundering and the financing of terrorism.

14 September 2021

People News: former Fifa integrity manager moves to world anti-doping body

Nicholas Raudenski, a former integrity official at football governing bodies Fifa and Uefa, has become the head of intelligence and investigations at the Lausanne-based International Testing Agency.

09 September 2021

Dubai sets up money laundering court

Dubai has announced the establishment of a specialised money laundering court designed to combat financial crime as part of the UAE’s push to strengthen its defences against illicit money flows.

23 August 2021

People News: top New York regulator resigns amid Cuomo scandal

The head of New York state’s financial services regulator has stepped down following the resignation of Governor Andrew Cuomo, and a senior compliance lawyer has left Nokia for Swiss technology company ABB.

16 August 2021

UAE and China sign anti-money laundering collaboration agreement

04 August 2021

US charges individuals with acting as foreign agents of UAE government

21 July 2021

Dechert and former partner to face cyberhacking suit

A London court has added Dechert and retired partner Neil Gerrard to a lawsuit alleging a conspiracy to hack the private data of airline operator Farhad Azima during a business dispute.

16 July 2021

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