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The true cost of money laundering on global economies
Financial crime is placing an enormous strain on economies worldwide, but the burden is far from evenly distributed. The latest Napier AI/AML Index, which...
Flagright powers Scintilla’s real-time AML in UAE
Scintilla, a fully licensed virtual-asset exchange and broker/dealer regulated by the VARA in the UAE, has partnered with Flagright.
The collaboration aims to bolster Scintilla’s...
Zeidler expands MMR-Tool to Saudi Arabia
Zeidler Group, a legal and compliance firm specialising in the global investment funds industry, has expanded its Marketing Material Review Tool (MMR-Tool) to include...
Napier AI partners with The Game LLC in UAE lottery deal
Napier AI, a London-based RegTech company specialising in financial crime compliance, has joined forces with The Game LLC, the official licensed operator of The UAE Lottery.
How UAE firms can adapt to tougher AML compliance
The Middle East and North Africa (MENA) region has seen a marked evolution in anti-money laundering (AML) regulations, with countries adopting more robust risk-based...
FATF delists UAE: What firms must do next
The United Arab Emirates (UAE) has officially been removed from the Financial Action Task Force (FATF) grey list, a significant milestone reflecting progress in...
MENA banks embrace AI to meet new compliance demands
The banking sector in the Middle East and North Africa (MENA) region is undergoing a period of significant regulatory and technological change, as financial institutions respond to evolving compliance demands and digital transformation opportunities.
UAE’s digital leap: How regulatory sandboxes fuel AML compliance
The United Arab Emirates (UAE) is experiencing a notable economic surge, becoming a magnet for foreign investments and job opportunities. This economic growth is coupled with ambitious plans under the UAE Digital Economy Strategy launched in April 2022, aiming to increase the nation's GDP contribution from digital services from 9.7% in 2022 to 19.4% over the next decade. The strategy positions the UAE as a pivotal digital economy hub both regionally and globally.
UAE unveils open finance regulation to boost digital financial services
The Central Bank of the UAE has launched a regulatory framework, the Open Finance Regulation, as part of its Financial Infrastructure Transformation programme.
How the UAE’s exit from the FATF grey list boosts international...
The United Arab Emirates (UAE) has made significant strides in its anti-money laundering (AML) and combating the financing of terrorism (CFT) frameworks.
