THE SIXTH ANNUAL FORUM FOR HEADS OF AML / CFT COMPLIANCE UNITS IN ARAB BANKS AND FINANCIAL INSTITUIONS
THE SIXTH ANNUAL FORUM FOR HEADS OF AML / CFT COMPLIANCE UNITS IN ARAB BANKS AND FINANCIAL INSTITUIONS
27 - 28 OCTOBER 2016 CORAL BEACH HOTEL BEIRUT, LEBANON
BACKGROUND:
The world is facing ML & TF risks and challenges on unprecedented levels. As such, the international community currently considers the fight against money laundering and terrorism financing to be a top priority. Rising terrorist activities, the “Foreign Terrorist Fighters” phenomena and the evolvement of the techniques and methods used in financial crimes are examples of such challenges. All these necessitate legislative updates, and amendments to the work mechanisms of the authorities and the banking and financial institutions. Globalization and interconnection of world economies, along with the evolvement of payment methods that facilitate the rapid movement of funds are equally important challenges.
Terrorist organizations, particularly those that have large financial resources and capable of self funding, exploit unemployment and poverty to execute their plans and to recruit youth. The difficulty in combating the financing of terrorist organizations can also be attributed to the fact that money from legitimate sources can also be used to finance terrorist activities. To face these challenges, legislative, regulatory and law enforcement authorities in our Arab countries are always striving to update laws and legislations, and to enhance the supervisory work in order to effectively combat ML/TF activities.
On their part, international organizations continue to update and issue standards and guidance to face arising challenges. They also aim to enhance AML/CFT internal controls and the Risk Based Approach measures at banks and financial institutions. Countries, in turn, continuously seek to update their legislations and regulations in conformity with these international standards. In 2015, the Lebanese Parliament promulgated several laws to enhance the AML/CFT regime in Lebanon, including the new AML/CFT law, the law for declaring the cross border transportation of money, and the law on the exchange of tax information. Banque du Liban and the SIC have also issued several circulars on the topic.
This forum, which has become an annual platform, will address the latest developments in AML/CFT procedures and in managing associated risks. A distinguished group of experts from the Special Investigation Commission in Lebanon and from the Lebanese judicial and security authorities, in addition to representatives from regulatory authorities from Arab countries and from the Lebanese and Arab banking sector will share their expertise with participants.
OBJECTIVES:
This Forum aims to showcase the following:
Customer Due Diligence & Enhanced Customer Due Diligence measures.
ML/TF indicators, and reporting suspicious transactions.
The latest standards and requirements of the Financial Action Task Force (FATF) and the UN Security Council Resolutions related to terrorism financing & Foreign Terrorist Fighters.
Risk Management & the Risk Based Approach.
International sanctions and penalties, and how to deal with them.
De-Risking, financial crimes resulting from electronic payments, new payment methods & their risks and cross-border trade.
The challenges to comply with the laws & regulations issued by the related authorities in Lebanon.
MAIN TOPICS
- Developments in AML/CFT standards.
- De-Risking & Inherent risks.
- Tax evasion: Common Reporting Standards (CRS).
- Sanctions & penalties on non - compliant banks.
- Anti-Bribery & Corruption principals and the role of banks and financial institutions.
- The AML/CFT Compliance functionat banks and financial institutions.
- Risk Based Approach in regulatory compliance.
- Credit Card & Virtual currency: Comparisons, risks & controls.
- The new developments in Financing terrorist groups and prevention methods.
- AML: Market practices and upcoming risk solutions.
- New Payment Methodologies – A Bitcoin Case Study.
- Cybercrime & Cyber security – Current trends and Hot Topics.
- Trade Based Money Laundering
WHO SHOULD ATTEND THIS FORUM:
Heads of AML/CFT Departments and their main assistants
Heads of Compliance Departments and their main assistants
Heads of Internal Auditing Departments and their main assistants
Heads of Credit Departments and their main assistants
Heads of Risk Management Departments and their main assistants
Branch managers and their main assistants
SPEAKERS:
- Mr. Tarek Zahran, Special Investigation Commission, Executive Director - Head of Compliance – Lebanon.
- Judge Nada AlAsmar, General Attorney At the cassation Court - Lebanon
- An Officer from the internal security Forces - Lebanon.
- Consultant Amro Farouk, Head of Technical office/AML Unit - Egypt
- Mr. Arafat El Fayoumi, Consultant, Banking Control Dept. Central Bank of Jordan.
- Mr. Chahdan E. Jbeyli, General Manager, Group head legal & Compliance, Bank Audi s.a.l- Lebanon .
- Dr. Maciej Stern Sterzynski / Reacfin Middle / UMC consultancy group, Brussels
- Mr. Mahmoud Fadlallah, Counsel, Akin Gump Strauss Hauer & Feld LLP/UAE-USA.
- Mr. Mohamad Mansour, Senior AGM & Chief Compliance Officer, Commercial; Bank of Qatar.
- Mr. Malek Costa, Head Of Group Compliance Division, Blom Bank Group-. Lebanon.
- Mr. Mohamed Wassim Araji, Manager, PWC – Lebanon.
- Ms. Samar Baasiry, Chief Compliance Officer, Bankmed - Lebanon.
- Mrs. Karen Zabloski, Head of Compliance & Operational Risk at SGBL’s Group - Lebanon.
- Mr. AlSharif Abdelrazek, Chief of Compliance and Governance group, Ahli Bank – Egypt.
- Mr. Micheal David Cafferty , Director (Risk services) - Crowe Horwath - USA, UAE.
- Mr. Bashir El Nakib, Managing partner , Compliance Alert- Lebanon – Qatar
PARTICIPATION FEES:
750 $ for UAB members 950 $ for Non-UAB members
For registration and more info. please contact us:
Email : training@uabonline.org
Tel. : +961 1 377800,
or visit our website: www.uabonline.org