Thomson Reuters and Institute of Banking hosts 6th Annual Compliance and Anti-Money Laundering Seminar in Saudi Arabia

March 12, 2014 8:58 am

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, will host the 6th Annual Compliance and Anti-Money Laundering Seminar on March 17 & 18, 2014 in Riyadh, Kingdom of Saudi Arabia.

The seminar will be held in partnership with the Institute of Banking of the Kingdom of Saudi Arabia, the pre eminent centre of excellence providing knowledge solutions to the financial services authority in the Kingdom.

Under the patronage of His Excellency Dr. Fahad Al Mubarak, Governor of the Saudi Arabian Monetary Agency, the seminar has become the premier compliance and Anti Money Laundering event for Saudi Arabia’s banking and financial services industry. . The seminar will gather over 400 governance, risk and compliance professionals, international experts and 35 high profile regional and international speakers to share their experiences, best practices.

Dr. Fahad Al Dossari, Director General of The Institute of Banking in Saudi Arabia, said: “We are pleased to host the 6th Compliance & Anti Money Laundering Seminar in collaboration with Thomson Reuters. With the ongoing increase in local and international regulations, the seminar will present a perfect opportunity to discuss challenges and best practices.”

Nadim Najjar, Managing Director, Middle East, Africa and Russia /CIS, said: “We believe that this regulatory network is critical to effectively addressing cross-border issues, obtaining and sharing information. As the financial sector continues to internationalize, it is important for companies and regulators in the Kingdom to discuss the full scope of the legal requirements that could impact a regulated firm and the conduct of its business.”

Imelda Dunlop, Executive Director of the Pearl Initiative comments: “Seminars such as this are vital for raising awareness of the business imperative in acting with integrity and standing against all forms of corruption. There is clear evidence that instilling strong governance values throughout an organisation leads to enhanced shareholder value, and protects the company against associated external risks. By encouraging businesses across the Gulf region to adopt best practice polices when it comes to compliance, we are protecting the growth of our economies.”

The seminar will cover key themes including the emergent regulatory trends, corporate governance, FATCA Implementation, anti-money laundering, embedding transparency and accountability in corporate culture, fraud management, among other topics.

The event is supported by leading banks and financial institutions including Banque Saudi Fransi, Samba, Bank Al Bilad, Al Rajhi Bank, The Saudi Investment Bank, National Commercial Bank, Riyad Bank & Riyad Capital, Arab National Bank, SABB, Saudi Hollandi Bank, Gulf International Bank and other partners such as Dentons, Pearl Initiative and Barclays Simpson.

Tarek Fleihan
Head, Corporate Communications & PR
Middle East, Africa & Russia / CIS
+971508579983 / +971562162575