Mechanisms of Drying up the Sources of Terrorism Financing


Union of Arab Banks is holding a Forum on: "Mechanisms of Drying up the Sources of Terrorism Financing", which will be organized in Beirut, at the Coral Beach hotel, during14-15 May 2015.




The past decade has witnessed an utmost concern by the public and private sectors and from governments and financial institutions around the world in the field of fighting Money laundering and draining the sources of their financing and funding. That “dirty” money emanated from illegal and illicit activities is then used for funding other terrorist activities and groups

The FATF latest report on Financing of the Terrorist Organization elaborates the global dedication for fighting this phenomen It stressed the typologies and trends of financing terrorist groups and studies the alternative media of money laundering especially the ones related to trade and cash exchanges. This report comes at a time when this phenomenon has widely expanded and spread in line with growing laundering activities and their increased complexity. 

FATF has published an effective report concerning the funding of terrorist organization such as “ISIS”. Likewise, eing aware of the risk incurred when a bank is used, intentionally or unintentionally, for criminal activities, the FATF, the Union of Arab Banks and in cooperation with the IMF and World Bank and regulatory bodies are working on issuing guidelines for best practices and regulations and monitoring systems.

The negative effects of money laundering are immense on banks and the risks compiled are rather threatening to the existence of the bank infected. The inadequacy or absence of sound ML/FT risk management exposes banks to serious risks, especially reputational, operational, and compliance. Media, in its turn, has a huge effect on banks’ reputation, which in its turn affects the continuity of any bank.

Recent developments, including robust enforcement actions taken by regulators and the corresponding direct and indirect costs incurred by banks due to their lack of efficacy in applying appropriate risk management policies, procedures and controls, have highlighted those risks. These costs and damage could probably have been avoided had the banks maintained effective risk-based AML/CFT policies and procedures.


Showcasing the FATF report: Combating financing terrorist organizations, understanding trends, typologies and cash movements

The Impact of the regulatory and supervisory framework on the functioning of banks locally and internationally

Means of Controlling and strategies of supervision of Dirty Money

Know Your Customer’s Customer: what is the right level of due diligence

Media impact on amplifying reputation risk in banks and financial institutions

Case Studies and Discussions on recent crises faced by banks in the region

The consequences of excessive regulation on trade finance and global relations

The impact of compliance costs on small and medium banks. Comply or Die ? De

The Risk of Business Trade: The New Money Laundering and terrorist financing medium

Movement of Money: What happens when dirty money gets into the system? 

The credibility and the quality of (exchanging) Data, on KYC and others.


Registration: the first day from 8:30 to 10:00.

Schedule: First day: From 10:00 to 15:00.

Second day: From 09:30 to 14:30.

Forum languages: Arabic and English.


750 $ for UAB members

1000 $ for Non-UAB members
fees include attending the training program, receiving the material, refreshments and a daily lunch.


Or by transfer to our account at: Arab Bank - Beirut - Lebanon Swift code
Riyad El solh Br. Account No:0331-082305-510 
Through Wells Fargo - Sanfrancisco – USA Swift code (PNBP US 3N NYC)
Iban: LB42 0005 0000 0000 3310 8230 5510
Beneficiary: Union of Arab Banks

For any additional information or inquiries regarding this event, please contact us at the following addresses: 

Beirut - Lebanon: P.O. Box: 11-2416 Riad El-Solh 1107 2210
Tel: +961-1-364976 - +961-1-364881 - 5 - 7 Fax: +961-1-364952 - +961-1-364955

e-mails: Booking online: 





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