Financial crime risk levels in MENA are higher than the global average, according to the independent Basel Institute of Governance1, with Yemen, Algeria, Jordan and UAE scoring the highest risks. U.S. regulators also list Morocco and UAE as jurisdictions with significant money laundering activity.
Risk levels in the Middle East and North Africa are higher than the global average across the board. Governments will need to work hard to improve their performance in all categories.
Download this Report to see:
- How regulators take action
- Compliance challenges for organizations
- Best practice in AML/CFT and sanctions screening