World Union of Arab Bankers
The Hub of Arab Bankers...
Sanctions Risks and Dealing with Critical AML Issues
December 18 & 19, 2020 at 9:00 am till 3:00 pm (Lebanon Time- GMT +3)
As evolving geopolitical factors, foreign policy objectives, and national security threats shape sanctions regimes to a great extent, financial institutions need to stay alert on the complexities of sanctions landscape in order to mitigate regulatory compliance risks and avoid the burden of heavy fines which can eventually lead to the demise of an institution. In an interconnected digital world, adhering to the various sanctions regimes administered by supranational organizations like UN, EU, & OFAC is becoming more onerous and costly on organizations which are investing heavily in compliance technology and allocating huge budgets to hire sanctions specialists. Whether comprehensive, targeted or sectoral, managing sanctions risks does not only require advanced technology, but also top-level commitment and a robust governance structure which together can serve as a shield against possible reputational harm
Arab Banks Awards and Commendations of Excellence
Within the framework and the objectives of the World Union of Arab Bankers to promote the Arab banking and financial industry and the professional scope of Arab banking, the Union launched in 2015 and through its monthly magazine The Banking Executive, the first round of the “Excellence and Achievement Awards” ceremony, which has become an annual event attended by senior bankers and international figures from international and regional institutions.
The Bank of Excellence Awards and Achievement Awards aim to honor Arab personalities and banking institutions that have achieved significant achievements during their career. They have been instrumental in promoting and developing the Arab banking industry, and have formed a remarkable example of outstanding performance and adherence to international standards and legislation, in addition to their active contribution to the promotion of economic development in the Arab world.