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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
credit-worthiness
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
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
Our Speakers
Suha Elsherbiny
Associate Director, Corporate Solutions,
Moody’s Analytics
Mostafa Abdullatif
VP, Group Governance, Risk & Compliance Head,
The Saudi Investment Recycling Company (SIRC)
Mustafa Zacour
Principal Specialist, Compliance Ethics,
Saudi Arabian Mining Company (MA'ADEN)
Mohamed Daoud
Business Development Director,
Moody’s Analytics
Yasman Moghaddam
Director – Global Industry Practice Group
ESG & Climate Risk,
Moody’s Analytics
APAC & Middle East
Working Agenda
Mitigating the blind spot of the third-party risk and compliance
Welcome Address
Introduction
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,
Moody’s Analytics
Panelists
Mostafa Abdullatif
VP, Group Governance, Risk & Compliance Head,
The Saudi Investment Recycling Company (SIRC)
Mohamed Daoud
Business Development Director,
Moody’s Analytics
Mustafa Zacour
Principal Specialist, Compliance Ethics,
Saudi Arabian Mining Company (MA'ADEN)
Yasman Moghaddam
Director – Global Industry Practice Group
ESG & Climate Risk,
Moody’s Analytics
APAC & Middle East
Q&A session
Closing Remarks
In Collaboration with
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