[BioCatch in BioCatch] Nearly 60% of UAE banking leaders report increasing fraud losses

ABU DHABI, United Arab Emirates (April 8, 2026) — In a new survey of fraud-management, anti-money laundering (AML), and compliance team leaders at banks in the United Arab Emirates, 58% of respondents reported increasing fraud losses at their institution, while 62% estimated their organization’s annual fraud losses exceeded 18.3 million UAE dirhams ($5 million U.S. dollars). Nearly all (95%) of those surveyed recognized social media micro-scams as a growing detection and reporting challenge.

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