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Background The Caesar Syria Civilian Protection Act, also known as the Caesar Act, which will become effective on June 17, 2020, is a bipartisan law that aims to sanction the Syrian government, selected individuals and institutions as well as any government or any private entity that assists the Syrian government or contributes to the reconstruction […]

Webinar (Online Training)

BACKGROUND The spread of the coronavirus has altered significantly business practices worldwide, including trade, investment, and banking. Particularly, businesses are moving further towards more digitalization and online operations, a practice which is expected to last for a prolonged period. This shift towards A Digital Economy will provide new opportunities, but will result also in emerging […]

DAY 1: LEBANON BDL CIRCULARSACTIONS OF DIFFERENT BANKS DAY 2: GULF AREA (ex. UAE – KSA) CENTRAL BANK POLICIESACTIONS OF DIFFERENT BANKS DAY 3: OTHER ARAB COUNTRIES (ex. JORDAN – EGYPT) CENTRAL BANK POLICIESACTIONS OF DIFFERENT BANKS

Webinar (Online Training): Overview: In the recent years, many international banks have been fined because of violations of sanctions programs imposed by the United States, the European Union, and others. The consequences of non-compliance have been severe in terms of financial penalties, loss of business, and reputational damage. So, financial crimes regulations and sanctions programs […]

BACKGROUND: The International Financial Reporting Standard 9 (IFRS 9) was introduced as a result of the 2008 financial crisis to make accounting for loan losses more forward-looking and to give markets better information about where Banks may be exposed to risk. The COVID-19 crisis has resulted in an extensive array of Government-backed measures to support […]

Overview: On January 1, 2021, the US Congress passed the Anti-Money Laundering Act of 2020 (AMLA) as part of the National Defense Authorization Act for Fiscal Year 2021. AMLA includes substantial reforms to US anti-money laundering (AML) and counter-terrorism financing (CFT) laws since the Banking Secrecy Act of 1970 and the USA Patriot Act of […]

A.    The State of the World Economy A stronger starting point for the 2021–22 forecast. Multiple vaccine approvals and the launch of vaccination in some countries in December have raised hopes of an eventual end to the pandemic. Three questions. These developments raise three interrelated questions for the global outlook. How will restrictions needed to […]

Overview: Coronavirus (COVID-19) is already having a profound effect on people’s lives and the economy. Corporateand commercial banks have a central role to play in supporting the global economy during the crisis, and infacilitating a rapid and sustained recovery afterwards. On top of normal commercial lending, banks will play akey role in implementing many of […]