"Nations must take action to establish measures for detecting the physical cross-border movement of currency and negotiable instruments to combat smuggling," adds Al Jabrin, stressing the need for imposing proper, deterring penalties on individuals who falsify declarations and disclosures.
Cybersecurity vital for UAE’s banking, customer trust
"The banking and financial sector, being a prime target for cybercriminals, necessitates evolving solutions and strategies for protection. Regulatory compliance is vital, and stakeholders recognize that it extends beyond legalities to ensure adherence to top-tier cybersecurity standards," he adds.
Data democratization a ‘game-changer’ for businesses
Experts highlight need for data literacy, good governance, and stringent security measures as data democratization revolutionizes decision-making in businesses in the region.
