Dubai International Financial Centre (DIFC), a leading global financial centre in the MEASA region, has tapped Napier to upgrade its screening services.
The DIFC Authority will benefit from continuous large-scale client screening and re-screening capabilities to ensure it fulfils regulatory compliance requirements. The partnership will help DIFC safeguard its global reputation and vigilant adherence to international anti-money laundering and combating the financing of terrorism standards.
The Napier Client Screening system will help DIFC to automatically screen and re-screen clients at relevant intervals against sanctions, blacklists, PEP lists, and other watchlists.
In addition to DIFC, Napier provides anti-financial crime solutions to many organisations across the MEASA region, including central banks, monetary agencies and crypto exchanges. It opened its Dubai office at the Centre in 2021.
Napier CEO Greg Watson said, “DIFC is a central pillar of the financial and regulatory landscape in the Middle East. We’re proud to be supplying them with our advanced, robust screening capabilities and playing our part to help keep the district and the businesses based there safeguarded from financial crime risks.”
DFIC chief legal officer Jacques Visser added, “Dubai bridges the East and West, and DIFC facilitates significant trading and investment for the region. We are committed to maintaining our status as a great place to do business and, as such, we endeavour to stay ahead of the curve when it comes to adopting the very latest technology to set the standards for financial compliance. We are delighted to be incorporating Napier’s Client Screening solution into our regulatory framework.”
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Napier, a financial crime compliance specialist, has recently partnered with Lyra to provide the latter advanced transaction monitoring and hosting.
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