Uprisings lead to AML improvement in Middle East

Banks in the Middle East have increased their efforts to detect and combat money laundering in their institutions since the uprisings in the region earlier this year, according to industry experts. "Over the past six months, financial institutions have been buying sophisticated anti-money-laundering (AML) solutions to ensure compliance with the regulators," says Ian Sinclair, product manager, Middle East risk and compliance at Fiserv, a technology solutions provider, based in London. "These