Seminar held in association with the Institute of Finance of the Kingdom of Saudi Arabia



RIYADH, SAUDI ARABIA – May 1, 2017 – Thomson Reuters, the world’s leading source of news and information for professional markets, will host the 9th Annual Compliance and Anti-Money Laundering Seminar on May 15th & 16th,  2017 at the Institute of Finance, Riyadh, Kingdom of Saudi Arabia.

The seminar is held in association with the Institute of Finance of the Kingdom of Saudi Arabia and under the patronage of H.E. Dr. Ahmed Abdulkarim Alkholifey, Governor of the Saudi Arabian Monetary Authority (SAMA) and Chairman of the Anti-Money Laundering Permanent Committee (AMLPC).

The seminar will debate compliance, cyber security and other aspects of countering illicit and illegitimate activity in the region.

Haitham Alghulaiga, Acting Director General of the Institute of Finance (IOF), said: “The Institute of Finance (IOF) is pleased to partner with Thomson Reuters to host the 9th Compliance and Anti-Money Laundering Seminar 2017. In line with its commitment to support the governance, risk and compliance community (GRC) in the Kingdom, the seminar gathers International experts along with regional and local thought leaders to share their insights on key challenges facing financial markets. International trends and regulatory outlook, speak up compliance culture, innovation in technology and combating financial crimes are just a few of the series of discussions that the Seminar will tackle in 2017 to maintain elevating the standards of the local governance, risk and compliance market with international standardizations.’

Nadim Najjar, Managing Director, Middle East & North Africa, Thomson Reuters, said: “Compliance functions continue to face diverse and demanding pressures, with shifting supervisory expectations, no let-up in the volume of regulatory change and the start of many of the big implementation programs for major complex legislation.”

“Boardroom agendas in financial services firms have been overwhelmed by regulatory matters, whether it is a briefing on changing regulatory expectations, the latest round of enforcement action or the additional skilled resources and investment needed to implement the latest round of regulatory change,” he added.

Mr. Najjar concluded: “The speed and sheer breadth of regulatory change is an ever-present challenge for firms. New rules, requirements and expectations are layered on top of each other in individual jurisdictions with the added complication of cross-border inconsistencies and divergence. This year, the seminar will feature constructive discussions on regulations, compliance culture, anti-financial crime and innovation in technology.”

The seminar is hosted in strategic partnership with the Anti-Money Laundering Permanent Committee of SAMA and supported by leading banks and financial institutions including Banque Saudi Fransi, Samba, Al Rajhi Bank, Saudi British Bank (SABB), Alawwal Bank, Arab National Bank, Gulf International Bank and FinScan.

For more information on the seminar, please click here

Thomson Reuters
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, visit www.thomsonreuters.com.

CONTACTS
Tarek Fleihan
Head, Corporate Communications
Middle East, Africa & Russia / CIS – Thomson Reuters
+97144536527
tarek.fleihan@tr.com

 © Press Release 2017