Table of Contents
In summary
Gulf Cooperation Council (GCC) countries have implemented many monitoring, regulatory and legal initiatives to address the risks of criminal exploitation during the pandemic while dealing with ever-changing technologies and winning the trust of overseas investors. These initiatives have presented many challenges and opportunities for corporate investigators. This article discuss the details of some of the changes and their likely impact on regional investigations.
Discussion points
- Current regulatory and legal landscape in the GCC
- The impact of data privacy laws
- Stricter counterterrorism and anti-money laundering (AML) controls
- The impact of bankruptcy and insolvency laws
- The change in the cybercrime landscape
- The advent of cryptocurrency and the need for investigation
Referenced in this article
- GCC economic vision
- Data privacy laws
- AML and FATF
- Bankruptcy and insolvency laws
- Cybercrime laws
- Cryptocurrencies
- Crypto investigations
Introduction
The Gulf Cooperation Council (GCC), comprising the Kingdom of Saudi Arabia (KSA), the United Arab Emirates (UAE), Qatar, Bahrain, Oman and Kuwait, has seen strong economic growth over several decades. Most GCC countries are continuing to seek outside investment to support their ambitious development plans (eg, Saudi Vision 2030, Dubai 2040 Urban Master Plan, Abu Dhabi 2030 Economic Vision, Qatar National Vision 2030 and Kuwait Vision 2035).
Although the GCC has managed sustained economic growth, the corporate investigations landscape has…
