In recent years, Arab banks, specifically, have suffered unique pressure from global banks to limit their access to correspondent banking relationships. The reasons are primarily a result of its susceptibility to money laundering and terrorist financing. What’s more, banking regulators in the international banking arena are encountering heightened concern among the international banks in order […]
Hany Abou-El-Fotouh is Executive Director, Internal Audit, Governance, Risk and Compliance at Baker Tilly Kuwait. He has proven expertise in banking, financial services, and consulting leveraging 25+ years in compliance, corporate governance, financial crime, training, project management, and banking operations together with professional certification in corporate governance and Anti-Money Laundering.