RIYADH,
SAUDI ARABIA, 20 May 2015:
Thomson Reuters, the world’s leading source of intelligent information for
businesses and professionals, will host the 7th Compliance and Anti-Money
Laundering Seminar on May 24 & 25 in Riyadh, under the patronage of His
Excellency Abdulaziz Al Furaih,
Vice Governor of the Saudi Arabian Monetary Agency.
The seminar, set to take
place at the Institute of Finance of the Kingdom of Saudi Arabia, attracts 300
senior governance, risk and compliance professionals from the Kingdom of Saudi
Arabia and beyond.
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.”
He concluded: “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.”
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.
