Thomson Reuters, a provider of business information, will host the fifth annual Compliance and Anti-Money Laundering Seminar in Riyadh tomorrow in partnership with the Institute of Banking of Saudi Arabia.

Held under the patronage of Dr Abdulrahman Al-Hamidy, vice governor of the Saudi Arabian Monetary Agency the two-day seminar will take place at the Institute of Banking.

The seminar addresses the latest hot topics in the industry through expert-led panel discussions, case studies and presentations. The summit will cover key themes including the US Foreign Account Tax Compliance Act (Fatca), anti-money laundering, due diligence, international sanctions, corporate governance, enforcement and many more.

The event is supported by leading banks and financial institutions including Banque Saudi Fransi, Samba, National Commercial Bank, Riyad Bank & Riyad Capital, The Saudi Investment Bank, Al Rajhi Bank, Arab National Bank and Saudi Hollandi Bank, among others.

With 400 delegates in attendance and over 35 high calibre regional and international speakers, the seminar has become the premier compliance and Anti Money Laundering event for Saudi Arabia's financial services industry.

The event gathers governance, risk and compliance professionals together with known international experts who share their experiences and best practices in the field of compliance.

“We are pleased to host the fifth Compliance & AML Seminar alongside Thomson Reuters for another year,” said Jamaan Al-Wagdany, director general of the Institute of Banking.

“This important event confirms IOB’s main mission to bring in knowledge solutions to our clients, raise awareness, and exchange global best practices.”

“We are delighted to partner with the Institute of Banking to create this ideal meeting place for the financial services professionals in Saudi Arabia,” said Russell Haworth, Managing Director, Mena, Thomson Reuters.

“The GCC regulatory landscape has been experiencing ongoing significant change during the past few years. As the growth of international business continues, it is important that both the firms and the regulators in the GCC are aware of the full scope of the legal requirements that could impact a regulated firm and the conduct of its business,” he added. – TradeArabia News Service