Financial institutions in the Middle East are increasingly on the regulatory radar, despite making clear efforts to implement checks and technology in the pursuit of compliance. 

We examine the 7 key challenges facing financial institutions in the Middle East:

  • A negative perception of compliance in the region;
  • Growing influence and scrutiny by FATF;
  • Rising size and number of fines;
  • The troubling trend of de-risking;
  • Customer Due Diligence challenges;
  • Regional regulatory concerns; and
  • The disruption of FinTech and RegTech firms.