Posted on January 27, 2020

Qatar Islamic Bank (QIB) is pleased to announce their participation as the gold sponsor for the upcoming Compliance and Combating Financial Crime Conference 2020. This year’s conference, due to take place from 29-30 January 2020 at Sharq Village & Spa Hotel, is organized by Qatar Central Bank, Union of the Arab Banks (UAB), and the World Union of Arab Bankers (WUAB).

This conference is one of many forums that WUAB organizes as part of its intensive efforts to counter the escalating pattern of financial crime. Through this forum, WUAB is keen to join forces with international bodies and entities to safeguard Arab Banks and financial institutions from potential threats and challenges, and introduce state of art means of combating these threats, while abiding and complying with the regulatory framework and international best practices. Furthermore, WUAB is keen to highlight new trends and evolving patterns thatenabled Arab Banks to introduce new products and services that benefit the financial consumer.

Commenting on the sponsorship, QIB’s Group CEO, Mr. Bassel Gamal, said: “At QIB, we have a long-standing commitment to support conferences that contribute to enhancing and stabilizing Qatar’s economy and further improving the strength of Qatar’s banking sector. We strictly adhere to all policies required by local and international regulatory authorities including anti-money laundering and combating the financing of terrorism.” “QIB regularly reviews and improves its governance and compliance practices, and takes pride in its position as a leading, innovative and global Islamic bank adhering to the highest international banking and regulatory standards.” Bassel concluded.

Topics of discussion featured at this year’s conference include Combating Financial Crime: Compliance and Regulatory Issues, Cybersecurity & Transaction Monitoring and Filtering, Leveraging Up Technology and Data Analytics, Updating AML Models to Meet Global Ultimate Beneficial Ownership (UBO) Standards, Compliance Data Protection, Securing Access Among the Required Channels, Global AML Issues in 2020, and Challenges and Opportunities to Enhance the Relations with Correspondent Banks.

The conference will employ a mix of theoretical fundamental explanations and case studies, with a special focus on exchanging knowledge and experiences among the participants.