QIIB first Qatari bank to implement ‘SWIFT gpi’ payment system phase three

QIIB first Qatari bank to implement ‘SWIFT gpi’ payment system phase three

Close on the heels of launching the ‘SWIFT gpi’ payment system in February this year, leading Islamic bank QIIB has launched the third phase of the project, which facilitates confirmation of incoming payments.

Poland smashes Polish-Taiwanese fraud gang

Poland smashes Polish-Taiwanese fraud gang

Poland has smashed an international fraudster gang after arresting 48 Taiwanese and two Poles who extorted some €1.8mn ($2.3mn) in a year from Chinese nationals, prosecutors said on Thursday.

Sri Lanka to abolish strict forex regulations

Sri Lanka to abolish strict forex regulations

Sri Lanka on Thursday announced plans to lift six-decade-old restrictions on foreign exchange flows and allow free transfer of money in and out of the island, to encourage investment in the struggling economy.