JEDDAH – The two-day 5th Compliance and Anti-Money Laundering Seminar opens today in Riyadh in partnership with the Institute of Banking of Saudi Arabia and Thomson Reuters, the world's leading source of intelligent information for businesses and professionals. Held under the patronage of Dr. Abdulrahman Al-Hamidy, Vice Governor of the Saudi Arabian Monetary Agency, the seminar is being held at the Institute of Banking, the pre eminent center of excellence providing knowledge solutions to the financial services authority in the Kingdom. 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, Saudi Hollandi Bank, MEDGULF, SABB, Gulf International Bank and other partners such as Ernst & Young, HFFC, DLA PIPER, SNR Denton, Patton Boggs and CCL. With 400 delegates in attendance and over 35 high caliber 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 5th Compliance & AML Seminar alongside Thomson Reuters for another year,” said Jamaan Al-Wagdany, Director General of The Institute of Banking said, “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, Middle East and North Africa, 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. — SG
