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Najjar ... combating financial crime.

300 experts for Riyadh anti-money laundering seminar

RIYADH, May 20, 2015

As many as 300 senior governance, risk and compliance professionals are expected to take part in the upcoming seventh Compliance and Anti-Money Laundering Seminar in Riyadh.

Thomson Reuters, a leading source of business intelligence, will host the event set to take place at the Institute of Finance of the Kingdom of Saudi Arabia on May 24 and 25 under the patronage of Abdulaziz Al Furaih, Vice Governor of the Saudi Arabian Monetary Agency.

Dr Fahad Al Dossari, director general of The Institute of Finance, said: “This annual seminar contributes to raise awareness and provide banks with international experiences and knowledge through the exchange of views among expert speakers, supervisory authorities, and financial institutions. The two-day seminar addresses corporate governance and combating money laundering and terrorist financing.”

Nadim Najjar, managing director, Mena, Thomson Reuters said: “Global firms and their compliance officers are facing change, change and more change, all with the threat of ever bigger fines combined with an increasingly wide range of other sanctions being used by regulators to drive home the need for good compliance and good customer outcomes.”

“As the global regulatory landscape continues to evolve, regulators are looking for opportunities to work more closely together in order to present a more unified voice.

“Regulators continue to identify, manage and mitigate conflicts of interests, keep an eye on financial crime and contribute to shift the supervisory approach in complex firms. The seminar is a unique platform to discuss challenges and best practises facing the governance, risk and compliance community in the Kingdom,” he added.

The seminar is supported by leading banks and financial institutions including Banque Saudi Fransi, Samba, Bank Al Bilad, Al Rajhi Bank, The Saudi Investment Bank, SABB, Saudi Hollandi Bank, Al Ahli , Arab National Bank, Riyad Bank, CCL and J Awan & Partners. – TradeArabia News Service




Tags: Riyadh | Thomson Reuters |

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