SPONSORED - Financial criminals in the Middle East are increasingly exploiting advanced technologies and the region’s economic disparities to orchestrate sophisticated scams, Collin Lobo, HSBC’s regional head of financial crime warned on this episode.

The region’s unique combination of high-net-worth individuals, transient populations, and proximity to sanctioned nations makes it particularly vulnerable to various forms of financial crime, from sophisticated AI-driven fraud to traditional money laundering schemes.

The evolution of financial crime has accelerated dramatically over the past two decades, transforming from simple check fraud in the 1990s to today’s sophisticated cyber threats.