The phenomenon of human trafficking is a global phenomenon that affects millions of people around the world, men, women and children. The crime of trafficking is a third organized crime that profits its perpetrators after the crimes of arms trafficking and drug trafficking.
Despite the considerable efforts made by regulatory authorities around the world to combat money laundering and financing of terrorism, organized crime continues to take on a wide global reach with cross-border impact. Most of them have complicated their operations by relying on the tools and innovations of financial technology and exploiting the growth of banking services, which has become a source of great attention from the various judicial authorities, control and security in the world, and supervisory authorities concerned to stimulate and introduce some necessary changes in the models of their work and regulatory control and regulatory frameworks of the overall reduction of those crimes.
International cooperation among international bodies and organizations such as the Financial Action Task Force, International Monetary Fund, World Bank, Basel Committee, Financial Crimes Unit, G20 and the Union of Arab Banks, have contributed to strengthen measures to combat money laundering and terrorism financing and raise awareness about the importance of applying the latest methods and techniques in managing the risk of non – compliance among the banking and financial sector in the Arab world.
In this context, the importance of this forum, which is organized by the Union of Arab Banks, aims to unify the efforts of regional and international partnership, reduce the gap between the Arab and international normative approaches and protect the banks and Arab financial institutions from any legal or regulatory risks or reputation. In addition, the role of financial institutions and concerned parties to combat the money laundering resulting from it, in light of the digital revolution and the innovations of financial technology, which created great opportunities and challenges for all parties, whether in money laundering or combating it.
This forum will highlight:
Combating human trafficking and smuggling of migrants.
Analysis of financial activities related to human trafficking and smuggling of migrants to combat
Explaining the relationship between the digital revolution and the innovations of financial technology
and the development of ways to combat money laundering
Update on FATF on default assets
TOPICS OF DISCUSSION:
Human trafficking and smuggling of migrants (Definition – international instruments – situation in the Arab
Analysis of financial activity related to human trafficking, smuggling of migrants and ways of countering money
-laundering from such crimes
The role of financial institutions and stakeholders to combat money laundering resulting from human
trafficking and smuggling of migrants
Digital revolution, products, new payment methods and regulatory instructions associated with modern
(Digital Finance – Crowd funding – P2P lending) and the challenges of combating money laundering and
FATF Guidelines on Virtual Assets
Confidentiality and integrity of data in banks
Combating Money Laundering and Financial Crimes in Islamic Financial Institutions
AML and Bribery & Corruption – Minding the News
AML and Compliance Resources
Combating Trade based Money Laundering
Fighting trade based financial crime – resources
Who Should Attend this Forum?
Heads of Compliance Departments and their main assistants
Heads of Combating Financial Crimes Depts. (AML/CFT) and their main assistants
Heads of Internal Auditing Departments and their main assistants
Heads of Credit Departments and their main assistants
STRUCTURE OF THE FORUM
Presentation of work papers and in-depth discussion sessions by an elite group of local, Arab and
Organizing an exhibition featuring the sponsoring institutions to provide an opportunity to establish and
develop business relationships between them.