The Changing dynamics of ANTI money laundering & COMBATING terrorism financing in the FINTECH ERA
22 – 23 OCTOBER 2018 JW MARRIOTT HOTEL KUWAIT – STATE OF KUWAIT
Advances in both private-sector financial technology (FinTech) and technology supporting public sector regulatory compliance (RegTech) offer tremendous promise for broadening and strengthening the global financial system. By vastly reducing the cost of providing financial services FinTech makes greatly expanded and sustainable financial inclusion a realistic goal.
At the same time, greater automation, simplified operational processes and more detailed and less costly analytics create the potential to enable enhanced transparency while maintaining or improving personal privacy and security of financial activity. Such transparency would in turn support improved financial regulation and supervision as well as consumer protection.
Global financial standard-setting bodies (SSBs) are alive to the opportunity to encourage regulators to harness the strongest capabilities of these new technologies. Doing so would enable financial services providers to create the efficiencies necessary to provide meaningful financial access to the underserved while enhancing anti-money laundering (AML), combating of financing of terrorism (CFT) and other risk mitigation objectives. If done appropriately, FinTech and RegTech would also strengthen regulatory and supervisory capabilities and lower compliance costs. This can be a classic win-win.
MAIN TOPICS & AGENDA:
The Changing Regulatory Environment of Financial Crime; Recent Developments and Challenges Facing the Financial Institutions and the Correspondent Banking Relationships in the Region.
* Legislative Developments Related to US Sanction providing applicable cases
* Overview and Discussion of the following documents:
– FATF “Risks Indicators related to Terrorism”
– Wolfsberg “ABC” (Anti -Bribery & Corruption)
* How to Maximize Characteristics to Enhance “SARs”
* Technology Evolution”:
– Challenges and Risks
– The development of “Financial Technology (FinTech) and “Regulatory
– The Role of FINTECH – Types – Ramifications
– Mechanism and Framework
– Governance, Risk & Compliance today Trends & Challenges
– Fintech and Integrated Due Diligence workflow for Customer KYC On –
Boarding & Sanctions Screening process (including Risk Base Approach)
– Fintech and AML Transactions Monitoring / Trade Surveillance, Cross border
Remittances and Payments Transactions monitoring
– Fintech and the evolution of remittance mobility and new Open banking
(including addressing De-Risking and Financial Inclusion through FinTech)
FINTECH and Compliance Conflict (Anti-Bribery & Anti-Corruption program
(ABC) and Business Conduct/ Ethical and Transparency Business (UK
Bribery Act and FCPA)
– FINTECH and Compliance Training & Compliance Cultural Changes
Ms. Samar Baasiri
Head of Compliance Function, BankMed sal
Holder of an MBA from American University of Beirut, Lebanon, and from McGill Canada, and a Certified Anti Money Laundering Specialist (CAMS).
A board member of the ACAMS Advisory Board since 2006
A Member of the Compliance Committee, at the ABL (the Association of Banks” in Lebanon )Regular trainer at the ESA
Professional Trainer & Frequent speaker in the subject of AML and CTF, Compliance Regulatory including Sanction, FATCA, CRS ( Common Reporting Standard), with local and international organizations such as the ACAMS, IMF, ESA (Etudes Superieures des Affaires) in Lebanon, Association of Banks in Lebanon, in Jordan and Romania, WB, and UAB.
She has also been engaged in partaking and presenting at reputable world financial institutions and passionately advocating governance to safeguard financial institutions against moral hazards embodied in first class AML/CFT frameworks.
Mr. Mohamed DAOUD
Business Development Director – Thomson Reuters
Mohamed Daoud is a strategic leader and seasoned professional with more than 25 years’ experience in Banking and Finance in the US, Europe and the Middle-East with special focus last 10 years in Governance Risk & Compliance. Working experience includes Africa and Russia.
Mohamed brings a wide experience in the various domains of Governance, Risk and Compliance strategy, effective corporate governance and reputation risk including Anti-Money Laundering, Anti-terrorist financing with Anti-Bribery and Corruption (ABC) programs.
Mohamed Daoud approach is a mix of thought leadership and expertise in GRC. He participated as a speaker and panelist in different compliance forums, summits and conferences in MENA, Africa and Russia. He led several compliance consulting projects related to good practices in corporate governance, with deep understanding of workflow processes, requirements and solutions.
Prior coming to the Middle-East, Mohamed held different executive positions in large international banks in the US, UK and Europe for more than 15 years in both the retail and investment banking.
SCHEDULE AND LANGUAGE:
Registration: the first day from 8am to 9 am
Schedule : from 9:00 am to 15:00 pm daily
Workshop language: English