TASK DESCRIPTION: Choose a financial institution operating in the UAE. Write a report (1000 words or 5 pages)on the following:

i) What areas of risk has this institution identified as threats?

I choose National bank of Abu Dhabi, and please discus those 5 issue :-
1. Computer fraud includes the use of computer to engage in an illegal activity .
2. Identity fraud refers to the theft of one’s personal information so as to use it for opening credit card accounts, applying for loans, purchasing cellular phones, or committing serious crimes.
3. Insider trading occurs when someone who has confidential information uses it to reap profits or avoid losses on the stock market.
4. Credit card fraud refers to the unauthorized use of a credit card to make purchases.
5. Counterfeiting is the act of manufacturing fake currency or altering genuine currency.
Note: – Please discuss each riskseparate and apply toNational bank of Abu DhabiABUDHABI and mention example for each

ii) What risk management solutions and practices has this institution put in place to address the risks identified above.
Note:-What action dose National bank of Abu Dhabitake to protect themselves from above risk. And please write solution for each risk.

iii) Identify the UAE laws and regulations of the Finance and Banking industry that institutions must follow, and make comment on the effectiveness of these laws successfully protecting institutions, citing examples (you can find these from the newspaper and or the financial institutions website)

Note :- What’s UAE government law to catch and punish those people who make the crimes?

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