The second survey on financial crime in the MENA region, a joint initiative of Thomson Reuters and Deloitte, follows our survey on the same topic held this time last year. From the responses, we identified five key themes: • Tone at the top – much hype, little action • Increasing investment in sophisticated technology solutions • The reorganization of processes • A drop in already low confidence levels in compliance programs • Stalled policies While last year the most pressing concern was...

Many organizations in MENA are looking to expand globally and connect with businesses across borders. This brings them into contact with various counterparties around the world. While these counterparties are critical to the growth and success of an organization, they bring with them certain risks. With the increased focus by regulators on maintaining financial stability, it’s important that organizations understand the nature of the risk involved so that they know the steps to take to reduce...

The audit function has the potential to play a leading role in providing an integrated, best practice combined approach to the management of risk. The challenge, however, of changing the way a company approaches risk management can be daunting. In this episode of MENA Talks, Mohamed Khamis, an Audit & Risk Sales Specialist for Thomson Reuters in MENA speaks to Dean Rowan, Chief Risk and Compliance Officer for Gulf One Investment Bank, about how the audit function can deliver best practice...

Constantly changing and increasing regulation is creating a mine field of complexity when it comes to client onboarding and data management, and this task has become a growing headache for many large organizations. Knowing that the regulatory environment will become increasingly pressurised in the coming years, some business leaders believe it is time for a collaborative, mutually beneficial approach to the issue of client data management. In this episode of Thomson Reuters MENA Talks Andrew...

What role can internal audit play in the provision of best practice risk management practices, and what practical steps can auditors take? There is increasing focus on internal audit as a key business function that naturally lends itself to the provision of a robust risk management framework. In this episode of MENA Talks, Mohamed Khamis, an Audit & Risk Sales Specialist for Thomson Reuters in the MENA, chats to Harikrishnan Janakiraman, Director of Risk Consulting for KPMG Dubai, about...

The current geo-political environment, characterized as it is by heightened tension and insecurity, has resulted in a fluid situation in terms of sanctions against various states, entities and individuals. The current state of sanctions has fluctuated over the past two to three years and will probably continue to remain in a state of flux for some time to come. This frequently changing landscape includes escalating sanctions against Russia and uncertainty about the status of Iran...

Constantly changing regulation means that managing a global supply chain has grown increasingly complex in recent years. In this episode of Thomson Reuters MENA Talks Antonio De Gregorio, Head of the Tax & Accounting Business in MENA speaks to James Swenson, Head of Operations and Delivery for Thomson Reuters IntegraScreen and a Certified Money Laundering Specialist and asks him what regulations organizations should be paying particular attention to, and what steps can they take today to...