AI leader partners with Deloitte to help combat financial crime in the MENA region


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Mozn has partnered with Deloitte to combat financial crime, bolster regulation and empower the financial services industry in the Middle East and North Africa to mitigate risks.

The partnership – which was formalised with an MoU at LEAP23 – was agreed between both organisations as they seek to transform the finance digital regulatory technology, risk, anti-money laundering (AML) and compliance space.

Mozn’s AI-powered financial crime prevention suite FOCAL is already being utilised by many esteemed customers in the MENA region for AML screening, transaction monitoring, risk scoring and compliance case management.

Mozn’s capabilities will combine with Deloitte’s deep expertise in regulatory technology advisory and consulting to offer solutions and consulting across the region’s financial sector, from banking and fintech to capital markets and insurance.

Malik Alyousef, Chief Operations Officer, Mozn remarked: “The rapid growth in digitalisation has inevitably created opportunities for financial crime.

“As such the risk and compliance functions are now faced with the challenge of staying up to date with the constantly changing regulatory landscape and protecting organisations from potential frauds, money laundering and other financial crimes.”

“Our partnership with Deloitte strengthens our trust with customers to help them monitor and mitigate that risk. Through this collaboration, we will bring together a wealth of resources to offer state-of-the-art advisory and best-in-class solutions in the risk, compliance and AML space for all types of companies across the financial sector.”

Steve Punch, Financial Risk and Regulatory Partner, Deloitte added: “Our strategic relationship with Mozn will bring together the best technology solutions and resource capabilities to help firms in combatting financial crime.

“As firms look to invest in new functionality with increased accuracy and efficiency, the combination of Mozn and Deloitte will bring the best reg-tech services to our clients.”

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