Fraud news in the Middle East

An overview of news, trends and research in the category Fraud in the Middle East:

UAE VAT law: Six steps to deal with the ‘knew or should have known’ rule From 1 January 2026, a major change has taken effect in the UAE VAT law: businesses can lose their right to claim input VAT if the tax authority believes they “knew or should have known” that a trans
10 April 2026
The risk of algorithmic entropy – When AI models age faster than evolving fraud Using artificial intelligence (AI) to tackle fraud is now a strategic priority for CFOs.
17 March 2026
Dickon Johnstone (Themis) on the Middle East’s evolving financial crime landscape Dickon Johnstone, a former bank CEO and Accenture consultant, founded Themis with the ambition to fight financial crime with AI and accessible due diligence.
24 February 2026
How banking can unite with telecom for a stronger defence against fraud With fraud on the rise and increasingly complex across the Middle East, banking institutions must adopt more intelligent responses smarter – including building cross-industry solutions.
04 September 2025
Combating financial fraud in financial services with AI-powered solutions Financial fraud has surged dramatically in recent years, with global losses from fraud scams and bank fraud schemes totaling more than $485 billion, highlighting the extensive financial impact of fra
16 May 2025
Meet the consultants shaping the agenda of the Audit, Anti-Fraud & IT Congress The inaugural Audit, Anti-Fraud & IT Congress will take place next week, bringing together over 1,200 leaders and pioneers from across the landscape to discuss the latest trends and developments.
08 November 2024
Using data analytics to enhance fraud detection Research shows that businesses lose up to 5% of their revenue to fraud each year. One key way of enhancing the fraud mitigation process is through data analytics.
23 November 2023
The state of anti-bribery and corruption risk in the Middle East Global consulting firm Kroll has released the 2022 edition of its Anti-Bribery and Corruption Benchmarking Report, which surveyed 700 risk experts from around the world.
20 June 2022
Deloitte event informs financial services leaders on financial crime Professional services giant Deloitte recently hosted its Financial Crime Symposium in Dubai, bringing together leaders from the across the financial services industry to discuss the latest developmen
21 March 2022
GCC corporates struggle to root out bribery and corruption Despite the fact that bribery and corruption continue to grow across the Middle East, senior decision-makers at GCC corporates warn that their organisations are not doing enough – or are simply not e
16 December 2021
Fraudulent activity spirals due to digitisation and remote working The number of fraud cases in Middle East businesses has risen significantly during the Covid-19 pandemic, according to Deloitte’s latest Fraud Survey, with rapid digitisation and focus turned away fr
19 November 2021
Middle East's life sciences players face high corruption risk A year on from the Covid-19 outbreak, bribery and corruption remain the top risk facing life sciences businesses in the Middle East.
06 April 2021
EY forced to pay out big in international money-laundering saga EY in the UAE has been ordered to pay more than $10 million in damages to a former employee who blew the whistle on an international scheme involving gold importations disguised as silver.
20 April 2020
Deloitte and PwC shine light on financial crime at UAE conferences Financial crime is in the air in Dubai this week – with leaders from Big Four firms Deloitte and PwC sharing their expertise at two separate conferences.
11 October 2019
Over one third of Middle East businesses subject to fraud in past two years Reported rates of economic crime are growing both in the Middle East and worldwide.
26 April 2018
Financial crime measures dip in MENA due to regulatory overload The focus on financial compliance and security measures has diminished in the MENA region according to a financial crime report from Deloitte, for the first time across the life of its local surveys
27 February 2018

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