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Middle East: Financial compliance measures

Middle East: Financial compliance measures showing FATF, EU and TJN measures and timings

Middle Eastern countries have over the past five years come under increased scrutiny from both civil society and international organisations over the integrity of their financial systems, as our Chart of the Week this week illustrates. International monitors suggest the region’s financial systems invite tax evasion, money laundering and illicit trade. Key regional economies such as the United Arab Emirates (UAE), Saudi Arabia and Egypt will come under increased international pressure to strengthen the effectiveness of financial regulation and introduce more transparency.

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