THE 9TH ANNUAL FORUM FOR HEADS OF AML / CFT COMPLIANCE UNITS IN ARAB BANKS & FINANCIAL INSTITUTIONS
3-4 october 2019 phoenicia hotel Beirut-Lebanon
Money Laundering and Terrorism Financing has become one of the most threatening risks to the stability of the global financial and economic system and the countries’ security and sovereign stability, Since there is an increased possibility of using illegal cash flows in financing terrorist activities. Thus, there is now greater focus on drying up all sources of terrorism financing.
In order to achieve this goal the International organizations continues to issue and update standards and guidance to face arising challenges, and to enhance AML/CFT internal controls. To avoid sanctions, banks from their side comply with these regulations and standards.
As a result, the cumulative impact of these regulations along with the imposed sanctions has impacted the banking sector and amplified their costs. Consequently Sanctions as well impacted negatively the economies of non-compliant states.
This forum has become an annual platform supported by the Special Investigation Commission (SIC) – Lebanon. It will address the latest developments of AML/CFT practices and risks related to cybercrime, AML/CFT and digital transformation, the implications of economic sanctions on the economy of non-compliant countries, and other important hot topics.
A distinguished group of speakers will participate in this significant event among them: officials, experts from the SIC, and the Lebanese judicial and security authorities, in addition to representatives from regulatory authorities in Arab countries as well as experts from Lebanese and Arab banks, International firms and UNODC.
This forum brings together the AML / CFT Unit Heads and compliance officers in Arab banks to discuss the latest developments and new challenges facing Arab banks in AML/CFT, as well as the challenges of compliance with sanctions, and their impact on relationship with correspondent banks and economies of states.
This forum will also discuss the role of financial intelligence units (FIU) and regulatory authorities in issuing directives and guidance that will help banks and financial institutions in complying and coping with international directives concerning anti-money laundering and combating terrorism financing, and how to cope with economic sanctions and its ramifications. It will highlight as well the new requirements FATF and mutual assessment and national risk assessment.
National Risk Assessment
Risk Based Approach to Sanctions Compliance: Creating a Strong Regulatory Compliance Control Environment
The New Approach to Compliance (FinTech, RegTech, Digital KYC…) and Recent Developments in Correspondent Banking relationships.
AML / CFT & digital transformation – A necessary modernization or a fundamental disruption?
Simulation to meet a bank valuation by MENAFATF
The economic impact of sanctions
The role of artificial intelligence in financial crime risk management
Practical guidance outlining regulatory changes affecting the MENA AML landscape.
Best practices addressing specific AML and de-banking risks of MENA money services business
The disruptive nature of bribery, corruption, and cybercrime in combating money laundering.
The latest from the compliance landscape (GDPR,CRS, FATCA…)
Guidance for risk based approach to virtual assets and virtual assets services provider.
Digital investigations in money laundering and terrorism financing
WHO SHOULD ATTEND THIS FORUM?
Heads of Compliance Departments and their main assistants
Heads of Combating Financial Crimes Depts. (AML/CFT) and their main assistants
Heads of Internal Auditing Departments and their main assistants
Heads of Credit Departments and their main assistants