Given the increasing risk of money laundering risk in the MENA region, this report is dedicated to examining the recent Anti-Money Laundering (AML) regulations and governance efforts in the region.
In this report, you will find:
An overview of the recent development in AML regulations
Analysis of the various range of regulatory approaches
Highlights of the regulatory status of cryptocurrencies
Flexible, user-friendly and intuitive UI
Stats from the current adoption rate of e-KYC frameworks
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Examining the recent developments in Anti-Money Laundering regulations and governance efforts in the region.
Comparing and analyzing a wide range of approaches for each country’s regulations.
Exploring the various cryptocurrencies regulations to manage the money laundering and terrorism financing risks.
Understanding the current e-KYC regulatory challenges and its role as the new method of onboarding.
Out of the five MENA countries in the Jurisdictions Under Increased Monitoring (Grey List), two countries were recently added – Jordan and the UAE in October 2021 and in March 2022 respectively.
Despite the benefits offered by the e-KYC programme and framework, MENA countries still face considerable setbacks in its option due to multiple challenges.
Cryptocurrencies are tightly regulated in the region given its complex nature and the high money laundering risks. That said, a handful of MENA countries are exploring the possibilities of leveraging on crypto.