Zarik Nawaz joins financial crime advisory team of FTI Consulting

20 July 2022 2 min. read
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Aiming to meet growing demand for financial crime services in the UAE, FTI Consulting has added Zarik Nawaz to its team as a Managing Director.

Ever since the Financial Action Task Force (FATF) – the intergovernmental organisation established in 1989 to tackle financial crime worldwide – placed the UAE on its ‘grey list’ of countries in March this year, the financial crime scene in the region has gone into overdrive.

Governments and financial institutions are moving quick to scrutinise their financial crime policies and compliance, and as a result, they are increasingly bringing in experts for counsel – with FTI Consulting one of the go-to advisers in the landscape.

Zarik Nawaz, Managing Director, FTI Consulting

Not surprising then is that financial crime “is an important growth strategy for FTI Consulting in the Middle East,” admitted Wayne Anthony, a Senior Managing Director at the consultancy and the Middle East leader of its Forensic Accounting & Advisory Services offering.

This is seeing the firm undertake a hiring campaign, with Zarik Nawaz the latest to join the financial crime expert line-up.

Appointed a Managing Director, Nawaz will focus on helping tier 1 and tier 2 banks with their financial crime compliance matters on topics such as tax evasion, money laundering and terrorist financing, as well as supporting them with the application of financial crime guidelines.

Nawaz brings more than 10 years of professional experience in the space, gained at both sides of the table. During his six years in banking at Royal Bank of Scotland and Citi, he (among others) worked on anti money laundering operations, and during his next eight years in management consulting at EY and KPMG, Nawaz advised banks on the advancement of their financial crime maturity.

Having transferred from KPMG’s London to Dubai office in August 2020, Nawaz has been based in the region for close to two years. He operates from FTI Consulting’s Dubai office.

Nawaz specialises in financial crime compliance, transaction monitoring and the delivery of financial crime solutions. He has practical experience in the application of guidelines from Financial Action Task Force, Financial Conduct Authority, Wolfsberg Group, Office of Foreign Assets Control and Central Bank of United Arab Emirates.

“We are delighted to welcome Zarik to the team. His knowledge and experience will benefit clients in the region with their complex financial crime compliance matters, particularly as the landscape and our clients’ needs are continuously evolving,” said Anthony.

Last week, FTI Consulting also added former US special agent Dan McWilliams to its financial crime team in the Middle East, and earlier this year the practice expanded its footprint in Greater China.