2nd Annual Sanctions, CRS, AML and KYC Compliance 2017 | Marcus Evans | 9 May 2017 | Dubai, United Arab Emirates

Keep up with the changes around sanctions, tax and other compliance issues, and implement strong controls.

Why You Should Attend?:
Compliance for banks in the MENA region has always been extremely challenging given the lack of standardisation from local regulators. In recent years the volume and complexity of regulations set out by foreign and domestic authorities have become overwhelming for compliance departments in MENA. The US and Europe have demanded that MENA banks comply with new FATCA, AML, KYC and Sanctions laws that have not been tailored to banks in the region. With institutions being fined millions of dollars for illicit trading, it has never been more important for compliance departments to obtain the necessary guidance that remains unclear from regulatory bodies. This premier conference will provide delegates with an in-depth guide to the outstanding issues with tax reporting, including advice on data reporting and due diligence with an eye towards the 2017 additions. Attendees will also gain an understanding of the latest sanctions updates from the perspective of local banks and regulatory bodies, in addition to the potential pitfalls of operating in Iran. In addition, delegates will learn how to bolster their AML and KYC practices in order to guard against the very real threat of terrorism finance, including an update on risk classifications and storage of information.

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