The SIC Secretary along with the SIC Head of Financial Investigation Administrative Unit (FIAU) attended The International Arab Banking Summit 2008 Euro – Arab Banking Dialogue, organized jointly between the Union of Arab Banks, the Federation Bancaire Francaise and World Union of Arab Bankers, in Paris-France. In his presentation, the SIC Secretary discussed ‘What Does it Take to Become a AML/CFT Global Partner". This summit focused on shaping some ideas about banking developments, current global financial crisis, risk mitigation plans, and new areas of partnering which could put the Arab and international economies, businesses, and financial institutions on the right track towards sustainable growth and prosperity.
The SIC Secretary was a guest of honor at a seminar titled ‘The Recent FATF Regulations on Risk Based Approach (RBA)’ organized jointly between the Union of Arab Banks and the World Union of Arab Bankers that took place in Beirut-Lebanon. The SIC deputy head of IT & Security Unit along with one SIC staff member conducted each a presentation; one on the ‘AML IT Issues’ and another on the ‘Risk-Based Approach for Combating ML/TF’. This event was attended by compliance officers and regulators from the MENA region.
The SIC Secretary was a guest speaker at the "Banking Compliance Procedures Workshop" organized jointly between the Union of Arab Banks and the Central Bank of Jordan, in Amman-Jordan. The Secretary discussed the ’Pillars of an AML/CFT Robust Regime’; three SIC staff members, who also attended this event, conducted presentations on the preventive measures for financial institutions, compliance examination procedures and ML/TF techniques. This event was attended by compliance officers from the MENA region.
As part of the SIC on-going process of providing technical assistance to regional countries, the SIC Head of Audit & Investigation Unit (AIU) along with two SIC staff members conducted for four days several training sessions, part of a training program that started last month to the FIU of the concerned MENAFATF member country. These sessions focused on compliance examination procedures and analysis of financial information, the functions of the SIC Compliance and Audit & Investigation Units. Participants also attended a workshop where real cases were projected to them.
Four SIC staff went to the US on a training mission where they attended the Federal Financial Institutions Examination Council’s "Financial Crimes Seminar" that was held at the US Federal Deposit Insurance Corporation (FDIC). Their training program also included a four-day visit to the Federal Reserve System where they attended the ‘Fundamentals of Fraud’.
This month CPE program witnessed a presentation by a staff member on ‘The Suppression of Terrorism & Financing of Terrorism – International & Regional Standards’.
The SIC Secretary along with the SIC Head of Financial Investigation Administrative Unit (FIAU) attended The International Arab Banking Summit 2008 Euro – Arab Banking Dialogue, organized jointly between the Union of Arab Banks, the Federation Bancaire Francaise and World Union of Arab Bankers, in Paris-France. In his presentation, the SIC Secretary discussed ‘What Does it Take to Become a AML/CFT Global Partner". This summit focused on shaping some ideas about banking developments, current global financial crisis, risk mitigation plans, and new areas of partnering which could put the Arab and international economies, businesses, and financial institutions on the right track towards sustainable growth and prosperity.
