The bank, currently incorporated with its head office in Jersey, it to be regulated by DFSA HSBC Middle East Limited (HBME) in official filings to London Stock Exchange and Irish Stock Exchange on Thursday said it intends to transfer its place of incorporation and head office to the Dubai International Financial Centre. “HBME, an indirect […]

The Dubai Financial Services Authority (DFSA) fined Deutsche Bank AG US$8.4 million (including a 20 per cent discount) for failures in governance and client take-on processes in its Private Wealth Management business in Dubai. The cap of US$100,000 on fines imposed by the DFSA for regulatory breaches was removed in August 2014. A copy of […]

Dawood Ibrahim, the man who maimed Mumbai on March 12, 1993, has emerged as the face behind home-grown terrorist outfit Indian Mujahideen (IM). Dawood and his intricate network of bogus Hawala firms, spread across the country, have been covertly financing IM’s network in India, said sources in the central agencies and counter-terrorism units investigating blast […]