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DIFC upgrades its Client Screening capabilities with Napier

Dubai International Financial Centre (DIFC) has upgraded its financial crime compliance by incorporating Napier’s Client Screening into its regulatory framework.

Napier AI
February 28, 2023

With its best-in-class technology, Napier’s Client Screening solution enables organisations to meet and exceed their compliance obligations, all while increasing operational efficiencies.  

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has chosen Napier’s solution in an upgrade to its screening services.

With this next-generation solution, the DIFC Authority will benefit from continuous large-scale client screening and re-screening capabilities to ensure it fulfils and exceeds regulatory compliance requirements. The partnership with Napier will enable DIFC to safeguard its global reputation for vigilant adherence to international anti-money laundering and combating the financing of terrorism (CFT) standards.

As the Middle East’s largest financial ecosystem with more than 4,000 active registered companies, DIFC is also home to an independent and internationally recognised financial regulator. It also houses 17 of the world’s top 20 banks, 25 of the world’s top 30 global systemically important banks, five of the top 10 insurance companies, five of the top 10 asset managers and many leading global law and consulting firms.

“Dubai bridges 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.” - Jacques Visser DIFC chief legal officer

The CS solution will enable DIFC to automatically screen and re-screen clients at relevant intervals against sanctions, blacklists, PEP lists, and other watchlists.

“DIFC is a central pillar of the financial and regulatory landscape in the Middle East. We’re proud to be supplying it with our advanced, robust screening capabilities, and playing our part in safeguarding the district and the businesses based there from financial crime risks.” - Greg Watson Napier CEO

Napier’s regional sales director Dima Godfrey said: “As one of the many organisations that have selected the DIFC district for a UAE base, we look forward to building on the great relationship Napier has with the Centre.”

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.

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Photo by ZQ Lee on Unsplash

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