AML Challenges in The Middle East

Financial institutions throughout the Middle East face increasing regulatory scrutiny and complexity. Compliance challenges are driving organizations to reinforce their resources allocated toward AML and CFT risk management.  

As the regulatory landscape continues to evolve organizations should look toward enhancing compliance by incorporating data-driven risk management solutions that:

• Bolster AML-CFT risk management mechanisms
• Keep in stride with evolving regulations
• Bring closer cooperation with conventional banking
• Tackle data privacy and data gathering challenges