With the Participation of the U.S. Department of Treasury
HOSTED BY THE FEDERAL RESERVE BANK OF NEW YORK
US-MENA Private Sector Dialogue 2024:
Strengthening Compliance in the MENA Banking Sector to Meet the US Regulatory Expectations, amid Geopolitical Challenges
October 18th, 2024 – NY FED Headquarters, 33 Liberty Street, New York, NY 10045
The Union of Arab Banks, with the participation of the US Department of the Treasury and the Federal Reserve Bank of New York (NYFED), organizes the 11th edition of the US-MENA Private Sector Dialogue conference (US-MENA PSD 2024) in New York City on Friday the 18th of October 2024 at the NYFED Headquarters, which will coincide with the IMF/ World Bank Meetings during October 21-26, 2024, in Washington DC.
The 2024 PSD is of high strategic importance in terms of venue and discussed topics, which includes the latest regulatory developments related to AML and CFT, correspondent banking requirements, virtual currencies risks, and the compliance challenges in light of the global geopolitical tensions.
21
Speakers
1
Days
85
Attendance
AGENDA & TIME TABLE
09:00 – 09:45 Opening Remarks
– Mr. Sean O’Malley, Managing Director, Head of the Financial Intelligence & Investigations Unit, Federal Reserve Bank of New York (NYFED)
– U.S. Department of The Treasury
– Mr. Mohamed El-Etreby, Chairman, Union of Arab Banks,
– Dr. Wissam Fattouh, Secretary General- Union of Arab Banks, Chairman of the MENA Financial Crime Compliance Group, MENAFCCG
– Dr. Muhammad Baasiri, Founder, US-MENA PSD initiative (virtual)
09:45 – 10:15 Keynote Officials & MENA Regulators
– H.E. Dr. Wassim Mansouri, Acting Governor, Central Bank of Lebanon
– Mr. Suliman Aljabrin, Executive Secretary, MENAFATF
(The speech will include a message from FATF)
– Senior Representative from International Monetary Fund (IMF)
10:30 – 12:00 Session I:
Redefining Compliance Programs: AML/CFT and Sanctions Programs
This Session will focus on:
– Discussing Financial Crimes Enforcement Network (FinCEN) Rules to Strengthen US AML/CFT Programs; The Wolfsberg Group Position
– Effective Governance of Compliance Programs
– Challenges in Sanctions Compliance: The Russian Case
– Beneficial Ownership: Evolving Concepts & Applications
Panelists
– Mr. Sean O’Malley, Managing Director / Head of the Financial
Intelligence & Investigations Unit, Federal Reserve Bank of New York (NYFED)
– Mr. Chip Poncy, Global co-head, K2 Integrity Financial Crimes Risk Management Practice, USA
– Mr. Chahdan Jebeyli, Senior International Advisor for Legal & Compliance
– Mrs. Carine Chartouni, Deputy Division Chief, IMF (tbc)
– Mr. Lester Joseph, S.V.P., Manager of the Global Financial Crimes Intelligence Group, Wells Fargo & Co. (tbc)
– Mr. Faisal Ahmed, Managing Partner & CEO- AKW Tax Reclaim Accounting & Consultancy, and Group Compliance Head – SAM Precious Metals
13:00 – 14:15 Session II: The Challenges & Opportunities for MENA Banks –
Understanding and Meeting US Regulatory Expectations and the Expectations of their Correspondents
This Session will focus on:
– Maintaining Correspondent Banks Evolving Requirements, maintaining Transparency and Ongoing Communication
– Managing Transactional Risks within a Cash-Based Economy
– Guarding against Corruption: PEPs, ABC, Money Laundering, Sanctions Evasion and Trade Based Financial Crime.
Panelists
– Mr. Michael Matossian, Founder and Deputy Chair, MENA FCCG
– Mr. Dany Mounif Nassar, Group Chief Compliance Officer, International Development Bank, UAE and Iraq
– Mrs. Samya Abou Sharif, Chief, Ani Money Laundering & Counter Terrorist Financing Unit (Jordan FIU), Jordan (Virtual)
– Ms. Christine Arrata, Managing Director and Global Head of Sanctions Compliance, BNY Melon (tbc)
– Mrs. Ibtissem Lassoud, Partner in the Regional Financial Crime Practice, Al Tamimi and Company (tbc)
– Representative from Correspondent Bank
– Representative from NYFED or Other US Regulatory Body
14:15 – 15:00 Session III:
Digital Assets and Financial Innovation: Risks & Opportunities
This Session will focus on:
Regulatory Framework for FinTech, Innovation, and Digital Assets
Regulatory frameworks for Compliance to support Innovation and Ensure Financial Integrity and Security
Travel Rule in FATF
Panelists
Nehme Y. Taouk, CEO, Valoores Group
Patrick South, Vice President of Business Development, TRM Labs (TBC)
El Mokhtar Sidi Haiba, Advisor to the CEO, National Bank of Mauritania
Samantha Pelosi, Senior Vice President, Payments and Innovation, BAFT (tbc)
– Representative from US Banking and/or US Regulatory
UAB Sponsors for 2024 Activities
