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Asian shipowners may face ‘$1.09bn emissions liabilities’Asian shipowners with vessels sailing to and from Europe are likely to face estimated emissions liabilities of over €1 billion ($1.09 billion) once the EU Emissions Trading System (EU ETS) is fully implemented. Companies registered in Chi More… |
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DFSA fines director $240,000 and censures three related firmsThe Dubai Financial Services Authority (DFSA) has published Decision Notices taking action against Stuart Coles and three related companies of which Coles was the sole owner and director. The three firms are Coworth Fintech Ltd, Coworth Invest More… |
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Saudi Shoura for tougher penalties for real estate violatorsSaudi Shoura Council has agreed to introduce additional tougher penalties for those who violate the law stipulating ownership of properties and investment in real estate, reported Arab News. The More… |
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Dubai denies penalty for comments on economyThe Dubai Department of Economic Development (DED) in Dubai has clarified that there is no truth in rumours that individuals and companies are penalised for negative comments on the emirate's economic situation. "In respo More… |
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Tough penalty for insulting Bahrain shura councilA draft law toughening penalties for defaming statutory bodies will be on parliament’s agenda when it meets on Tuesday. “Those convicted of defaming the Shura Council, parliament or the National Assembly will be jailed More… |
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Bahrain plans penalty points for driving offencesBahrain 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 More… |
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StanChart to pay $300m penalty for AML deficienciesStandard 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. More… |
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US threatened $16 billion BNP penalty: sourcesUS 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 More… |
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Tougher penalties on way for child abuseTougher 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 More… |
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DFSA penalises former executive of DIFC firmThe 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. More… |
