UAE Anti-Money Laundering and Financial Crimes Initiative
As the most important financial hub in the Middle East, Dubai hosts a range of international business interests across its various economic zones – making the city one of the top ten financial centers in the world. Intending to exploit the concentration of wealth in the city, financial criminals target Dubai to launder money or finance terrorist activities.
To address these financial threats, Dubai’s regulatory bodies have introduced crucial initiatives to prevent financial crimes and money laundering.
Join us for a special webinar with our experts – Hala Bou Alwan (CEO of Hala Bou Alwan Consultancy), Malcolm Wright (Chief Compliance Officer of 100x Group), and Zeeshan Toor (General Manager of Creative Zone Tax & Accounting) to discuss how businesses can combat these financial crimes. The event will be moderated by Lorenzo Jooris, CEO of Creative Zone.
Topics of Discussion
- 03:00PM - 04:00PM
- Challenges and innovations in combating Financial Crimes
- Types of prevalent Financial Crimes to mitigate
- UAE Authorities' efforts to prevent Money Laundering
- Important of international cooperation to combat Money Laundering
- Major Money Laundering cases in the UAE
She has 20 years’ of success helping Regulators, Governments, Boards and high-profile organizations pave their Governance, Compliance, CSR , Financial and Cybercrimes mitigation roadmaps. She is a thought leader and author of many articles , interviews , research papers ( published by Boston & Cambridge Universities, Forbes , Gulf News and many more). Nine years prior to establishing her own firm in 2018, Hala led two senior roles at Thomson Reuters , the Market Development for Financial Crimes business across Emerging Markets globally & The Advisory and Educational Governance, Financial Crimes and compliance Business across EMEA & Asia. Prior to this, Hala was the TSME – DIFC Financial Crimes - Compliance Consultant – Authorised by Dubai Financial Services Authority, before that Hala was the Head of the Anti-Financial crimes at BLOM Bank France , and prior to that legal Consultant at Raja Bou Alwan Law firm & IP compliance Officer at United Nations -UNDP .
Malcolm speaks internationally on a variety of topics in particular the FATF Recommendations for Virtual Asset Service Providers (VASPs). He also sits on international committees including chairing the Advisory Council and AML Working Group at Global Digital Finance (www.gdf.io), an industry-led initiative in setting codes of conduct and best practices for the virtual asset industry. In this respect, Malcolm has led industry and regulator conversations regarding FATF Recommendations for VASPs as well as developing an industry AML Code of Conduct. Most recently, Malcolm co-founded and co-led the Joint Working Group for interVASP Messaging Standards (intervasp.org) that developed the widely-adopted IVMS101 message data standard for FATF 'travel rule' compliance.
Malcolm is an Associate Fellow of the Royal United Services Institute’s Centre for Financial Crime Studies in London (rusi.org).