Top governmental officials and financial-crime experts to outline regulatory expectations and compliance best practices on preventing trade-based money laundering, ransomware attacks, sanction evasion, and the criminal misuse of real estate and precious metals, among other forms of illicit finance
Abu Dhabi, UAE, Nov. 05, 2021 (GLOBE NEWSWIRE) — As part of its ongoing effort to foster greater dialogue between regulators and anti-financial crime (AFC) professionals operating in the Middle East and North Africa (MENA), ACAMS will host a unique, two-day event for its 12th Annual AML & Anti-Financial Crime Conference – MENA. Beginning on November 7, attendees of this fully virtual conference will learn compliance strategies and industry best practices from high-level governmental officials and subject-matter experts, including representatives from the Middle East and North Africa Financial Action Task Force (MENAFATF), Saudi Arabia’s Capital Market Authority, the United Arab Emirate’s Ministry of Economy, the Central Bank of Bahrain, Banque du Liban, and many of the region’s largest banks and FinTech firms, among others.
Speakers at the conference will offer practical guidance on AFC compliance topics as the growing money-laundering risks for designated non-financial businesses and professions (DNFBPs), the use of artificial intelligence and machine learning tools to detect emerging fraud typologies, risk mitigation policies and procedures for the virtual assets sector, the impact of China sanctions on trade finance and supply chains, and compliance strategies to minimize exposure to criminal activity in free trade zones and the maritime industry.
“Amid international calls for financial institutions to strengthen their AFC effectiveness and make new efforts to identify payments tied to cybercrime and other illicit activity, the challenges facing compliance professionals and regulatory agencies today have never been greater,” said ACAMS President and Managing Director, Scott Liles. “That’s why we’ve designed ACAMS MENA around the concept that fostering strong communication lines between financial institutions and governmental agencies is a crucial step in the fight against illicit finance.”
“Attendees of this event will not only have the opportunity to glean insights on such developments as the rising role of FinTech firms in the compliance space and the recent launch of the UAE’s new anti-money laundering office, but they’ll also walk away with practical compliance advice on how to best safeguard their own institutions from new and long-standing financial-crime risks,” said Liles.
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About ACAMS®
ACAMS is a member of Adtalem Global Education (NYSE: ATGE), a leading workforce solutions provider headquartered in the United States. ACAMS is the largest international membership organization dedicated to enhancing the knowledge and skills of anti-money laundering (AML) and financial crime prevention professionals from a wide range of industries. Its CAMS certification is the most widely recognized AML certification among compliance professionals worldwide. Its new Certified Global Sanctions Specialist (CGSS) certification commenced in January 2020. Visit acams.org for more information.
About Adtalem Global Education
Adtalem Global Education (NYSE: ATGE), a leading workforce solutions provider, partners with organizations in the healthcare and financial services industries to solve critical workforce talent needs by expanding access to education, certifications and upskilling programs at scale. With a dedicated focus on driving strong outcomes that increase workforce preparedness, Adtalem empowers a diverse learner population to achieve their goals and make inspiring contributions to the global community. Adtalem is the parent organization of ACAMS, American University of the Caribbean School of Medicine, Becker Professional Education, Chamberlain University, EduPristine, OnCourse Learning, Ross University School of Medicine, Ross University School of Veterinary Medicine and Walden University. Adtalem has more than 10,000 employees, a network of nearly 275,000 alumni and serves over 82,000 members across 200 countries and territories. Adtalem was named one of America’s Most Responsible Companies 2021 by Newsweek and one of America’s Best Employers for Diversity 2021 by Forbes. Follow Adtalem on Twitter (@adtalemglobal), LinkedIn or visit adtalem.com for more information.
Lashvinder Kaur Association of Certified Anti-Money Laundering Specialists +44 7388 264478 LKaur@acams.org