POSTED BY ALEX FERRERAS ON MARCH 19, 2012 IN SCAMS

http://www.loansafe.org/anti-money-laundering-seminar-set

(Source Abdul Hannan Tago Arab News, Jeddah, Saudi Arabia) — The 4th Compliance and Anti-money Laundering Seminar will be held here from March 19-20 at the Institute of Banking. Topics for discussion include managing the risks faced by banks and current developments in the field of anti-money laundering transactions.

The seminar, being held under the auspices of Saudi Arabian Monetary Agency (SAMA) in cooperation with the Thomson Reuters Corporation (Thomson Reuters), will be opened by Jamaan Al-Wagdany, director general, Institute of Banking, and addressed by SAMA Gov. Fahd Al-Mubarak.

The forum will also deal with the challenges facing the banking industry among other themes in this area. A number of experts in the field of compliance and risk management from the banking sector will speak at the forum to highlight the issues in terms of domestic banking risk management and how these banks deal with them in the current environment.

Executive heads of Saudi banks and officials of the departments of commitment and risk departments in Saudi banks and banks operating in the Kingdom are expected to attend the event, which is aimed to find common ground for convergence of international experience and local communities to share experiences in order to promote a culture of compliance and risk managements for those working in banks and financial institutions. This would help them in creating a professional community cohesiveness to face the increasing challenges and reduce the risks faced by workers in banks and financial institutions.

The seminar will include a series of panels covering the regulatory challenges, developments and outlook, corporate governance, compliance and anti money laundering challenges, corruption compliance, sanctions and regulation of insurance.