Safeguarding financial institutions in a period of uncertainty

MENA FinCrime Symposium 2019

09 OCTOBER – JW MARRIOTT MARQUIS, DUBAI

Developed by

Co-organized by

Safeguarding financial institutions in a period of uncertainty

MENA FinCrime Symposium 2019

09 OCTOBER – JW MARRIOTT MARQUIS, DUBAI

Developed by

Co-organized by

Financial Crime Outlook

Between 2008 and 2018, financial institutions paid over $26 billion in fines due to malpractice and gross negligence that led to money laundering, terrorist financing, and sanctions breaches globally. As we approach the next decade, regulators are adopting less tolerant approaches toward violations as evidenced by heftier penalty sums imposed on institutions that fail to put in place adequate controls that mitigate the threat of financial crime.

For the MENA region, weaker anti-money laundering controls have largely contributed to such penalties. Although most Arab countries still find themselves on watch lists published by notable policy setting bodies such as the Financial Action Task Force (FATF), the region has shown promise of improvement with the recent inclusion of Saudi Arabia as the first Arab state to become a member of FATF.

Source 1: Fenergo, 2018

Source 2: UNODC

Source 3: Refinitiv, 2019

 

About the Symposium

In its first edition, ‘MENA FinCrime Symposium’ will bring together thought leaders and subject matter experts in financial crime compliance to understand the deeper issues and consequences of regulatory non-compliance. 

Topics of Discussion

Understanding FATF’s MERs 

Emerging AML & CFT policies

RegTech Solutions: AI, Robotics & Machine Learning

Understanding Compliance Risks in M&A 

Sanctions Updates & International Policies

Best Practices Moving into 2020: Do’s and Don’ts

Regulating VBAs & Cryptocurrencies

Unearthing Risks in Trade Finance

Adopting a Risk Based Approach over De-Risking

Who Should Attend

  • Senior compliance & risk professionals from FIs
  • External and internal legal counsel
  • RegTech professionals and solution providers
  • Consultants from top-tier consultancy firms
  • Regulators and standard-setting bodies

Why Attend

  • Discuss the latest sanctions and international policies
  • Discover the latest RegTech solutions to manage risk

  • Network with 200+ senior delegates

  • Learn about compliance risks in M&A

  • Discover how to regulate virtual- based assets

  • Meet exhibitors and learn about the latest solutions

Register now for $349 to secure your spot at the conference.

Topics of Discussion

Sanctions Updates & International Policies

Understanding FATF’s MERs 

RegTech Solutions: AI, Robotics & Machine Learning

Regulating VBAs & Cryptocurrencies

Understanding Compliance Risks in M&A

Emerging AML & CFT policies

Best Practices Moving into 2020: Do’s and Don’ts

Adopting a Risk Based Approach over De-Risking

Unearthing Risks in Trade Finance

Who Should Attend

  • Senior compliance & risk professionals from FIs
  • External and internal legal counsel
  • RegTech professionals and solution providers
  • Consultants from top-tier consultancy firms
  • Regulators and standard-setting bodies

Why Attend

  • Discuss the latest sanctions and international policies
  • Discover the latest RegTech solutions to manage risk

  • Network with 200+ senior delegates

  • Learn about compliance risks in M&A

  • Discover how to regulate virtual- based assets

  • Meet exhibitors and learn about the latest solutions

Register now for $299 to secure your spot at the conference. This early bird offer expires on 15th Aug 2019.

Executive Committee

STUART JONES, JR.
STUART JONES, JR.

Founder & CEO

Sigma Ratings

MOHAMMAD IBRAHIM FHEILI
MOHAMMAD IBRAHIM FHEILI

Consultant & Advisor to the General Secretary

Union of Arab Banks

IBTISSEM LASSOUED
IBTISSEM LASSOUED

Regional Partner, Financial Crime

Al Tamimi & Company Law Firm

PAUL MARSTERS
PAUL MARSTERS

Regtech Executive, Financial Services and Healthcare

Innovit and Fenergo

ABUBAKR EBRAHIM
ABUBAKR EBRAHIM

Head of Sanctions

Mashreq Bank

Speakers

ABDULLAH ALMOAIQEL

Co-Founder & Operations Director

Rain Financial 

ABUBAKR EBRAHIM

Head of Sanctions

Mashreq Bank

IBTISSEM LASSOUED

Regional Partner Financial Crime

Al Tamimi & Company Law Firm

LYNNE STEWART

Regional Head of Sanctions

Standard Chartered Bank

MAC FADLALLAH

Partner-In-Charge

Akin Gump

MOHAMED SHALO

Head of Financial Crime Regulatory Unit

Abu Dhabi Global Market

MAHMOUD AL-SALAH

Partner – Financial Crime Leader 

PwC

SEAN BOYCE

Partner

Jones Day

STUART JONES, JR.

Founder & CEO

Sigma Ratings

DAVID SHEPHERD

Global Partner Director, Financial Crime & Compliance

Refinitiv – London, UK

HAFEDH AJMI

Director, Financial Crime Advisory

PwC

SULIMAN ALZABINI

Director of AML/CTF at SAMA

Executive Secretary at AMLPC KSA

HALA BOU ALWAN

Founder and Managing Director

Hala Bou Alwan Consultancy

WAHEED RATHORE

Executive Director Banking Supervision

AGDM

MUZAFFAR AHMED

Group Head FCC

FAB

Program Schedule

08:00 am – 08:55 am
Registration, Networking & Breakfast
09:00 am – 09:10 am

Opening Remarks & Welcome Speech

09:10 am – 09:25 am
Keynote Address: TBD

Coming soon

09:30 am – 09:50 am

Presentation by Fenergo

09:50 am – 10:40 am
Panel 1: Regulatory landscape 2020

Exploring the way forward in regulatory compliance as focus shifts on digital transformation for banks and financial institutions alike. Discussions will explore new processes, technology and data that regulators are trying to integrate into supervisory processes, what shifting dynamics compliance professionals can expect moving forward, new directives for AML/CFT processes, implications of the EU money laundering list and lessons learned from the recent FATF Mutual Evaluations.

Moderator:

Ibtissem Lassoued, Partner, Regional FCC Practice, Al Tamimi & Company

Panelists:

Mahmoud Al Salah, Partner, FCC Leader, PwC Middle East
Suliman Al Zabin, Director of AML/CFT, SAMA
David Shepherd, Global Partner Director FCC, Refinitiv UK

10:45 am – 11:00 am
Coffee & Networking
11:05 am – 11:25 am

Presentation by Elliptic

11:30 am – 12:15 pm
Panel 2: Taming the Beast: Understanding Virtual-Based Asset Regulations

Although still not the norm, virtual-based assets (e.g., virtual-based currency and cryptocurrency) are making headway in the world of finance and FinTech. This panel will explore regional and international frameworks developed to regulate this new digital asset class as innovations in FinTech; become opportunities rather than challenges. Discussions will cover a risk-based approach to virtual assets and virtual asset service providers as recommended by FATF and regional regulators; the role of cryptocurrencies moving forward; and the implications on the broader financial system. 

Moderator:

Hala Bou Alwan, Managing Director, Hala Bou Alwan Consultancy

Panelists:

Mohamed Shalo, Head of Financial Crime Regulatory Unit, ADGM
Abdullah Almoaiqel, Co-Founder & Operations Director, Rain Financial

12:15 pm – 01:15 pm
Lunch & Networking
01:15 pm – 01:35 pm
Panel 3: Navigating Trade and Economic Sanctions

Discussing secondary sanctions implications for financial institutions in the Middle East, latest challenges faced, and solutions recommended moving forward. Some themes that will be explored will be the latest updates in sanctions policies, starting with implications of the revocation of the JCPOA, residual US sanctions on Sudan and how correspondent relationships with the West have resulted in closer ties with the Middle East.

Moderator:

Mac Fadlallah, Partner-In-Charge, Akin Gump

Panelists:

Abubakr Ebrahim, Head of Sanctions, Mashreq Bank
Lynne Steward, Regional Head of Sanctions AME, SCB
Chris Mcleese, Regional Sales, Dow Jones

01:40 pm – 02:15 pm

Presentation by Bureau Van Dijk

Topic: Big data – How To Use It To Combat Financial Crime

Presenter: Huseyin Kocaman, Regional Manager Professional Services & Governments

2:15 pm – 02:30 pm
Coffee & Networking
02:35 pm – 03:10 pm
Panel 4: Using RegTech to Optimize Compliance Programs

Discussing the latest ways to harness technology to reduce costs, increase efficiencies, improve processes, enhance discovery, and increase overall effectiveness of compliance functions. This panel will explore how Artificial Intelligence (AI) and Machine Learning (ML) are improving risk oversight and to what extent financial institutions in the region prepared to comply with the age of digital transformation.

Moderator:

Hafedh Ajmi, Director, Financial Crime Advisory

Panelists:

Stuart Jones, Jr., CEO, Sigma Ratings

03:10 pm – 03:55 pm
Panel 5: Tackling Financial Crime Challenges in Post-Merger Integrations

Discussing challenges banks and financial institutions face during the post-merger integration process with respect to risk and compliance. Discussions will be centered on transitioning people, processes, and technology without compromising day-to-day management of compliance programs.

Moderator:

Sean Boyce, Partner, Jones Day

Panelists:

Muzaffar Ahmed, Group Head FCC, First Abu Dhabi Bank
Waheed Rathore, Executive Director Banking and Insurance Supervision, ADGM

04:00 pm 
Closing remarks

Register now for $349 to secure your spot at the MENA FinCrime Symposium 2019

09 OCTOBER | JW MARRIOTT MARQUIS, DUBAI

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+971 55 339 1366

1905, Latifa Tower, 

Sheikh Zayed Road,

Dubai, United Arab Emirates

Get in touch

Contact Us

 

                                      

+971 52 854 8480         info@sempro.me

+971 55 339 1366

 

 

1905, Latifa Tower, 

Sheikh Zayed Road,  

Dubai, United Arab Emirates

Get in touch

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