UAE bank told to submit all documents in currency manipulation case

Rejecting the appeal of First Abu Dhabi Bank (FAB) against submitting documents to Qatar Financial Authority (QFC) in currency manipulation case, the Qatar International Court has asked the bank to submit all required documents and information held by it on transactions from June 2017 to Dec 2017. The court’s ruling supports the decision of the Trial Chamber that obligates FAB’s QFC branch to submit 21 types of documents and information held or controlled by the bank at any of its offices or branches in relation to the foreign exchange market of Qatari riyal.