Companies Upgrade Compliance Programs to Enhance Control and Accountability
In an era where regulatory landscapes are constantly changing, companies are increasingly recognizing the need to upgrade their compliance programs. This modernization aims to improve control and strengthen accountability within their organizations. This view is reflected in the latest findings from StarCompliance (Star), a leading provider of employee compliance technology solutions. The second edition of the UAE market and compliance study highlights significant trends and priorities among financial companies in the UAE regarding compliance.
Training and Competence: A New Priority
The study highlights a significant shift in organizational focus towards proactive compliance management, with an emphasis on training and competence. In 2025, 85 percent of respondents identified training and competence as a top priority, a significant increase from 67 percent in 2023. This underscores the growing commitment of UAE companies to uphold ethical behavior and transparency by equipping their employees with the necessary skills to navigate complex regulatory environments.
Challenges in Regulatory Compliance
The dynamic nature of regulatory requirements continues to pose challenges for companies. According to the study, 79% of respondents find it extremely or moderately difficult to comply with both regional and global regulatory requirements. This is a significant increase from 40% in 2023. Such findings highlight the urgent need for companies to continuously update their compliance strategies and leverage advanced technologies to effectively manage regulatory complexities.
Compliance in Cryptocurrency Trading
As cryptocurrency becomes more integrated into financial markets, companies face the challenge of monitoring and ensuring compliance in this volatile area. Research shows that 67% of respondents are somewhat or very confident in their company's ability to monitor employee compliance with cryptocurrency trading requirements. This confidence is crucial as companies explore the uncharted waters of digital assets and their implications for compliance and regulation.
The Role of Technology in Compliance Monitoring
Remarkably, 79% of respondents reported that they are not currently using AI tools in compliance monitoring. This indicates a significant opportunity for companies to implement advanced technological solutions that can enhance their compliance capabilities. Implementing AI can provide improved data analysis, streamline processes, and ultimately reduce the risk of compliance violations.
The Importance of Hosting and Security
The importance of secure data hosting cannot be overstated in compliance management. About 78% of respondents stated that single-tenant hosting is extremely or very important when evaluating compliance software. This preference underscores the key role of data security and privacy in building trust and ensuring a robust compliance framework within organizations.
StarCompliance Leads the Way
StarCompliance remains at the forefront of supporting companies worldwide through its commitment to providing innovative compliance solutions. As stated by Callum Corr, Deputy Director of StarCompliance, "Star remains at the forefront of partnering with companies worldwide, providing innovations that advance regulatory compliance." Insights gained from their research and collaboration with clients actively shape their product development, providing compliance leaders with the necessary tools to maintain regulatory compliance.
About StarCompliance
StarCompliance has earned a reputation as a leading global provider of employee compliance technology solutions, trusted by millions of users in 114 countries for over 25 years. The company's flagship product, StarCompliance Enterprise, offers a user-friendly interface, providing the necessary data, technology, and practical insights needed to proactively mitigate risks, monitor conflicts worldwide, and support compliance with complex disclosure regulations.
