Banks in Bahrain have been put on high alert amid fears of a rise in ATM fraud.
The Central Bank of Bahrain (CBB) yesterday issued a circular warning all financial institutions to be vigilant of skimming devices, said a report in
The US government urged that Bank of America Corp pay $863.6 million in damages after a federal jury found it liable for fraud over defective mortgages sold by its Countrywide unit.
In a filing late Friday in the US District Court
In one of the largest health care fraud settlements in US history, Johnson & Johnson will pay $2.2 billion to end civil and criminal investigations into kickbacks to pharmacists and the marketing of pharmaceuticals for off-label uses, US Att
The Bahrain Chamber of Dispute Resolution (BCDR) has issued a verdict in favour of Bank Alkahir against its former chief executive officer Majed Al-Refai and has also asked him to repay a $2 million loan he had taken during his tenure in
Indians in Bahrain have been warned to keep their CPR cards safe to ensure they do not become victims of fraud.
It follows several complaints to the Indian Embassy from workers who have had travel bans slapped on them because of t
A three-day seminar on Fraud Prevention and Fraud Risk Management attracted more than 100 risk professionals on its opening day yesterday at the Crowne Plaza Hotel, Bahrain.
The event is organised by BIBF and the US-based Associat
Britain's fraud agency said it lost 32,000 pages of data and 81 audio tapes linked to a bribery investigation involving Britain's biggest defence contractor, BAE Systems, in another embarrassment for the organisation.
The US government on Tuesday filed two civil lawsuits against Bank of America that accuse the bank of investor fraud in its sale of $850 million of residential mortgage-backed securities.
The lawsuits are the l
The Vatican said it had frozen funds belonging to a senior cleric at the centre of a suspected money smuggling operation, and could open investigations into other individuals.
Monsignor Nunzio Scarano, who has close links to the V
A senior Catholic cleric with connections to the Vatican bank was arrested yesterday for plotting to help rich friends smuggle tens of millions of euros in cash into Italy from Switzerland, in the latest blow to the Vatican's image.