Annual Forum for Compliance Managers in the Arab Banks

June 6, 2024 @ 9:00 am - June 8, 2024 @ 9:00 am

Annual Forum for Compliance Managers in the Arab Banks on “Enhancing Compliance with Anti-Money Laundering and Combating Terrorism Financing Legislations and Controls and Ensuring the Protection of Banking Data”

Savoy Hotel, Sharm El Sheikh

Arabic Republic of Egypt

6-8 June 2024

General background

The Union of Arab Banks will organize the Annual Forum for compliance managers in the Arab banks entitled “Enhancing Compliance with Anti-Money Laundering and Combating Terrorism Financing Legislations and Controls and Ensuring the Protection of Banking Data” in Sharm El-Sheikh in the Arab Republic of Egypt, during the period from 6 to 8 June 2024, in cooperation with the Central Bank of Egypt, The Egyptian Anti-Money Laundering and Combating Terrorism Financing Unit, the Middle East and North Africa Financial Action Task Force (MENAFATF), the United Nations Office on Drugs and Crimes, and the Federation of Egyptian Banks.

The Forum aims to shed light on the obstacles to compliance with developments in international and national legislations and controls within the framework of combating money laundering and terrorism financing, as well as enhance the understanding of risks that Arab societies face as a result of the spread of cybercrimes, terrorism crimes, and transnational organized crimes, and reviewing the most important means of dealing with them. The Forum also seeks to discuss the best practices in using modern technological systems to ensure data protection in banks.

In this context, the most prominent features of the methodologies for conducting the national assessment of money laundering and terrorism financing risks related to virtual assets will be highlighted, as well as benefiting from the experiences of the Arab countries in regulating virtual assets.

28

Speakers

3

Days

180

Attendance

Meet Our Speakers

Objectives of the forum

Highlighting the most prominent developments in international standards and national legislations related to combating money laundering and terrorism financing, and identifying compliance obstacles and how to overcome them.
Discussing the opportunities and challenges in using financial technology by the regulatory authorities in combating money laundering and terrorism financing operations.
Enhancing the understanding of the risks that Arab societies face as a result of the spread of cybercrimes and their impact on the volume of financial crimes.
Discussing methods to combat the use of money laundering crimes to hide the proceeds of cybercrimes.
Reviewing best practices in achieving a balance between benefiting from information and communications technology systems while maintaining financial stability and ensuring data protection and banking confidentiality.
Discuss the most important actions taken based on the assessment results of money laundering and terrorism financing risks associated with virtual assets, in order to enrich the experiences of Arab countries in regulating these assets.

The most important themes and main topics

The most prominent developments in international standards and national legislation related to combating money laundering and terrorist financing.
Opportunities and challenges in the use of financial technology by regulatory authorities in combating money laundering and terrorist financing operations (SupTec & RegTec).
Obstacles to compliance with international standards and national legislations and controls in combating money laundering and terrorism financing in the banking sector, and the best practices to overcome them.
The impact of the use of information and communications technology systems on the volume of financial crimes and transnational organized crimes.
Anti-money laundering and combating terrorism financing requirements, data protection rules and banking secrecy.
Cybersecurity in the banking sector.
Experiences of Arab countries in using modern technological systems to ensure data protection in banks.
Risks and repercussions of the spread of cryptocurrencies.
Assess the money laundering and terrorism financing risks associated with virtual assets and their providers.
The most prominent challenges facing the private sector in combating money laundering and terrorism financing and the best practices to confront them.