June

Two senior compliance staff hired by HSBC Saudi Arabia, a subsidiary of the main British bank, lack the accredited bachelor's degree necessary even to apply for an entry-level position at the bank, based on its current hiring guidance.
 
Compliance failings have cost British bank HSBC more than a billion pounds in fines worldwide, despite the fact that HSBC has hired thousands of new compliance staff worldwide.
 
The probe found that Ashraf BinAli, formerly head of regulatory and financial crime compliance at HSBC Saudi Arabia, boasted a business degree from "Kensington University," a bogus institution in California with no official accreditation to operate as a university.
 
Kensington University, an online distance learning provider, no longer exists, having been forced out of business by state regulators in California. It was also banned from operating in Hawaii in 2003.

With no centralized company register, and more than 40 different free zones, obtaining basic information about UAE free zone companies may pose a daunting challenge. Even so, there are still effective tools available to uncover the information you need.
 
Law firm Fichte & Company offers guidance on legal due diligence in the UAE, including how the need for legal due diligence arises, the level of due diligence a company may need, the due diligence tools that are available in the UAE, key tools for accurate background checks, the usual contents of a due diligence report, and more.

Shahbul Haque of New Delhi got more than he bargained for when he was approached by an educational consultancy agency in Janakpuri.
 
Haque paid Rs 5,000 and was given a degree certificate, a marksheet and a migration certificate that entered his year of passing as over a decade earlier.
 
When Haque approached the Tilak Nagar police in January, it was discovered that he had been approached by Rupesh Kumar after applying on a website to appear for the Class X examination. The police tracked Kumar down and arrested him, along with four others, who were linked to six fake certificates.
 
The five were running an elaborate scheme, securing money from the sale of more than 2,000 certificates since 2014.