Money Laundering Bulletin
EY must pay Dubai ML whistleblower US$11 million damages
By Sara Lewis
Big four accountancy firm EY (formerly known as Ernst & Young) has been ordered by the High Court in London, UK to pay more
than US$11 million in damages to a former partner who blew the whistle on the company’s collusion in covering up money laundering
by a Dubai-based client, Kaloti Jewellery International.