ICAI (Dubai) NPIO Hosts A Seminar on Anti-Money Laundering, Insurance & Liabilities

Ahmed Fadly, Director - Risk & Compliance at AJMS Global, whose experience in corporate banking, and supervision and regulation of financial institutions runs very deep, spoke about the anti-money laundering regulatory updates that people need to be aware of.

  
ICAI (Dubai) NPIO Hosts A Seminar on Anti-Money Laundering, Insurance Liabilities

Dubai, UAE - The Institute of Chartered Accountants of India, Dubai Chapter, PIO recently held a seminar on Anti-Money Laundering, Insurance & Liabilities, themed ‘Be Aware, Play Safe’.  The seminar was focussed on spreading awareness about the various money-laundering practices plaguing the finances of corporates across the world throwing light upon the various checks and solutions that can be put in place to curb this malpractice. Osama Al Rahma, the CEO of Al Fardan Exchange LLC, a leading financial service provider in the UAE was the chief guest of the seminar.

Sridhar Rajam, Director - Compliance at AJMS Global whose expertise lie in anti-money laundering compliance management framework, commenced the awareness initiative by talking about the compliance challenges faced in anti-money laundering. Ahmed Fadly, Director - Risk & Compliance at AJMS Global, whose experience in corporate banking, and supervision and regulation of financial institutions runs very deep, spoke about the anti-money laundering regulatory updates that people need to be aware of. Michael Wong, Head of Anti-Money Laundering Compliance at Emirates NBD, one of the largest banking groups in the Middle East, spoke aboutwhat anti-money laundering updates mean for different people in the financial world. Mustafa Vazayil, Founder & Managing Director of Gargash Insurance Services LLC, a professional insurance intermediary delivering excellence in broking and insurance risk management services, threw light upon the various liability exposures for businesses, individuals and professionals. Mamoon Khan, Partner - Banking & Finance at Al Tamimi & Co, the largest full-service commercial law firm in the Middle East, concluded the seminar by talking about the liability of UAE company managers for dishonoured cheques and financial default.

CA Mahmood Bangara, Chairman, ICAI (Dubai) Chapter NPIO said,“Through this seminar, we have been able to spread more knowledge about the menace that money laundering has become, ways to tackle it, compliances and updates to keep in mind, and the consequences companies and professionals can face if involved. It is becoming essential to equip financial professionals with systems, practices and tools to combat this malpractice and keep their stakeholders safe from its effects.”

Media Inquiries:
Royston Rodrigues
Absolute Communications
050715420
Roystonr@absolutecg.net 

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases