Thursday 25 December 2014
 
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penalty

Bahrain plans penalty points for driving offences

Bahrain is planning to introduce penalty points for driving offences, it has emerged. It will mean repeat offenders, who accumulate enough points, will have their licence revoked, General Director of Traffic Shaikh Nasser bin Abdu

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StanChart to pay $300m penalty for AML deficiencies

Standard Chartered has reached a $300 million civil monetory penalty settlement with the New York State Department of Financial Services (DFS) regarding deficiencies in the anti-money laundering trisection system at its New York branch.

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US threatened $16 billion BNP penalty: sources

US authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France's biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter. While the sour

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Tougher penalties on way for child abuse

Tougher punishments could be on the way for those endangering the lives of children or mentally-disabled people in Bahrain. The Shura Council yesterday initially approved a proposed amendment to the Penal Code, which states that p

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DFSA penalises former executive of DIFC firm

The Dubai Financial Services Authority (DFSA) has slammed a penalty of Dh27,525 ($7,500) on a former senior executive officer of a Dubai International Financial Centre (DIFC) authorised firm for issuing a letter containing false information.

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Penalty imposed on DIFC private banker

The Dubai Financial Services Authority (DFSA) has imposed a financial penalty on a former private banker. It said today that Nikhil Das will pay a penalty of Dh73,400 ($20,000) and be restricted, for a period of six years, from performi

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US aviation body seeks quality penalty for Boeing

The US Federal Aviation Administration on Friday said it proposed penalising Boeing's commercial airplane unit $2.75 million for taking nearly two years to fix a problem with fasteners on its 777 widebody airplanes. The penalt

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RBS fined $615 million for rate rigging

  Britain's Royal Bank of Scotland will pay US and British authorities $615 million and plead guilty to wire fraud in Japan to settle allegations it manipulated global benchmark interest rates.

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UAE relaxes penalties in cheque bounce cases

The UAE will stop imprisoning expatriates for writing cheques that bounce, Abu Dhabi daily The National reported on Tuesday, citing a senior official. The UAE's tough penalties for defaulting on loans, which is a criminal offe

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StanChart sees $330 million Iran fine

  Standard Chartered expects to pay $330 million to settle a case with US regulators for breaking sanctions on Iran, the Asian-focused bank said on Thursday, a second such penalty which could almost wipe out its profit growth thi

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