ABU DHABI / WAM The value of humanitarian and relief programmes and development projects implemented by the Emirates Red Crescent (ERC), in Indonesia since 1993 amounts to over AED440.4 million. The ERC recently launched several new projects, in coordination with the UAE Embassy in Jakarta, as part of its development efforts in Indonesia, including the construction and maintenance of 42 …

Bloomberg At the height of the Danske Bank A/S dirty-money scandal, the lender started offering gold bars to wealthy clients to help them keep their fortunes hidden, according to documents seen by Bloomberg. The bank’s Estonian branch, which was already wiring billions of client dollars to offshore accounts, told a select group of customers, mostly from Russia, that they could …

Bloomberg Hong Kong regulators fined UBS Group AG 400 million Hong Kong dollars ($51 million) for overcharging global wealth management clients during almost a decade and flagged concerns about serious and systematic problems with the bank’s internal controls. The Hong Kong Securities and Futures Commission (SFC) found that UBS systematically overcharged private banking clients by manipulating the price on bond …