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13th September 2022
11:00 AM (GST)
Mitigating the blind spot of third-party risk and compliance
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Mitigating the blind spot of third-party risk and compliance
The array of operational activities undertaken by different corporate sectors makes them particularly prone to a number of financial crime risks. Exploring how using an effective financial crime risk assessment can help organizations combat financial crime. Financial crime risk assessment in the corporate sectors (energy trading & supply, telco, real-estate, precious metals and stones, etc.) has long been a key requirement of global financial crime regulation and guidance. Whilst these requirements have historically focused on Anti-Bribery and Anti-Corruption (ABC) program, regulators increasingly expect organizations to broaden their domain compliance coverage beyond corruption and bribery.
Understand anti-bribery laws and regulations and identify potential warning signs of bribery and corruption.
National and international regulators are expecting the corporate sectors to implement an effective compliance framework that includes the fight against Money Laundering (ML) and Terrorist Financing (TF) risks, as part of their enforcement actions. Recent evaluations of different countries in the Middle-East by the Financial Action Task Force (FATF), the inter-governmental body and global money laundering and terrorist financing watchdog, has highlighted the importance that national regulators are placing on the deployment of an effective risk assessment in combatting financial crime in the corporate sectors.
Recognise responsibilities in relation to identifying and managing financial
crime risks
Perform due diligence to support the assessment of a customer’s
creditworthiness
Use independent sources to investigate and verify customer information.
Detect, address, and prevent money-laundering, terrorist financing, and
fraudulent activity.
Identify the high-risk characteristics of offshore financial centres, international
Moody’s Analytics KYC delivers powerful, decision-ready, risk intelligence
Make Better, Faster Compliance Decision
Make Better, Faster Compliance Decision
Moody’s Analytics KYC delivers powerful, decision-ready, risk intelligence
Working Agenda
Mitigating the blind spot of the third-party risk and compliance
Welcome & Opening by Organiser
Introduction to the event by Daoud
Mohamed Daoud
Business Development Director,
Moody’s Analytics
Panel Discussion
Third-party risk and compliance requirements, trends and challenges.
Moderator
Suha Elsherbiny
Associate Director,
Corporate Solutions
Speakers
Mohamed Daoud
Moody’s Analytics
Mustafa Zacour
Saudi Arabian Mining Company (MA'ADEN)
Mostafa Abdullatif
The Saudi Investment Recycling Company (SIRC)
Our Speakers
Mohamed Daoud
Business Development Director,
Moody’s Analytics
Mustafa Zacour
Principal Specialist, Compliance Ethics,
Saudi Arabian Mining Company (MA'ADEN)
Mostafa Abdullatif
VP, Group Governance, Risk & Compliance Head,
The Saudi Investment Recycling Company (SIRC)
Suha Elsherbiny
Associate Director,
Corporate Solutions
In Collaboration with
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