We are delighted to present ‘Navigating the latest US & Allied International Sanctions Regime in the Insurance sector’ a Moody’s Governance, Risk and Compliance workshop.
Unprecedented changes and pace in the sanctions regime have been continuously deployed since last year. New sanctions have encroached further into the regional and international trade space. This new regime of sanctions has made the long-held distinctions between sanctions, sanctions by extension known as the 50% OFAC rule, secondary sanctions, and sanctions circumvention control more nebulous and risky.
Reconciling and interpreting new requirements with practical applications became uncertain and challenging. While until recently the relatively straightforward sanctions listings have been prevailing, more complex cases are dominating nowadays with critical questions remaining over shell companies’ onboarding and business ownership and control. Any misalignment in terms of timing, interpretation or targets fuels compliance high risks for multi-national and multi-jurisdictional organizations.
When: Thursday 12th October 2023 9:00am – 11:30am GST
Where: BSA Ahmad Bin Hazeem and Associates, Level 6, Building 3, The Gate District, DIFC, Dubai
Registration: Please click on the link below to register
- Latest Sanctions Regime requirements and Red Flags (sanctions evasions & secondary sanctions),
- Sanctions by Extension, Companies Ownership and the Ultimate Beneficial Owner (UBO) reach,
- Customers’ automated Onboarding & Life Cycle Management with Perpetual KYC,
- Trade-Based Money Laundering and Third-Party Risks compliance including Suppliers,
- Entities Link Resolutions to flag Ownership & Shell Companies cases,
- Blockchain, Crypto-Currency & Crypto Assets regulations and challenges.
Director – Industry Practice Lead Governance
Risk & Compliance – GRC Moody’s Analytics
Mohamed is a strategic leader and seasoned professional with over 30 years of experience in the Banking, Finance, and corporate sectors in the United States, Europe, and the Middle East. He spent the last 20 years of his career assisting and counselling organizations to fight Financial Crimes in the Middle East and Africa. Mohamed’s expertise in compliance focuses on Anti-Money Laundering (AML), Combatting Financing of Terrorism (CFT), Anti-Bribery, and Anti- Corruption (ABC) programs.
Through years working with prominent financial institutions including regulators, he attained tremendous knowledge in regulations, requirements, processes, Fintech and Regtech solutions, and best practices across all sectors. Mohamed regularly collaborates as a keynote speaker on Financial Crime and Compliance through awareness workshops, forums and conferences.