Jersey Finance, in partnership with Themis, is delighted to host this Jersey Finance Member only Saudi Arabia Risk Assessment roundtable – a CPD accredited event.

Understanding financial crime risk is a cornerstone of the fight against money laundering and the financing of terrorism and proliferation. The majority of the customers of the Jersey finance industry are non-resident therefore an area of focus is the industry’s approach to understanding and managing the financial crime risks and threats of conducting business in higher risk jurisdictions.

To help with Member firms’ risk understanding Jersey Finance have engaged Themis, a financial crime specialist with an office in Abu Dhabi and extensive knowledge of the region, to jointly host a roundtable discussion event with experts focussed on Saudi Arabia.

The roundtable event provides an opportunity to hear from an expert panel of Saudi-based practitioners and question the expert panel about key financial crime threats to Saudi and explore the implications for Jersey Finance Member firm’s Jersey operations or Members with clients and partners based in the Kingdom.

These discussions will build on the information in the Saudi Arabia financial crime risk report published by Themis, and will be held under Chatham House Rules to encourage debate and the sharing of best practice.

In 2023, Jersey will be the subject of a significant evaluation by a body of the Council of Europe – MONEYVAL (Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism) – who conduct evaluations against international AML/CFT standards as set out by the Financial Action Task Force (the FATF). This process will involve an assessment of the role of the finance industry in understanding risks and applying preventative measures. This work is designed to both develop that understanding for industry and demonstrate our clear commitment to implementing international AML/CFT standards.

This event is highly recommended for representatives from Jersey Finance Member firms’ compliance function, in addition to other business areas, and we welcome multiple attendees from Member firms.

To register your interest, please click here.

If you have any questions regarding this CPD accredited event, please contact our events team.

Event Partners

Themis are a recognised financial crime specialist providing financial services firms with threat-based financial crime research on the latest techniques employed by criminals and the financial crime risks associated with specific industries and jurisdictions. They have a reputation for delivering insightful panel discussions with financial crime experts on discrete threats, industries and jurisdictions. Furthermore, their financial crime risk research of operating in and with customers and partners in higher risk jurisdictions provides the requisite information in a clear and concise format to conduct country risk assessments in line with market best practice and regulatory requirements.

Agenda

Agenda

Agenda

Agenda

9.00 am

Coffee and Networking

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Opening Introductions

  • Allan Wood, Global Head of Business Development, Jersey Finance
  • Ian McDonald, Associate Director, Financial Crime Strategy, Government of Jersey
  • Carel van Randwyck, Chief Growth Officer, Themis
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9.30 am
9.45 am

Keynote

  • Suliman Alzabin, AML/CTF Director at the Saudi Arabian Monetary Authority (the Saudi Central Bank) and Executive Secretary of the Anti-Money Laundering Permanent Committee of the Kingdom of Saudi Arabia
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Panel Discussion

  • Moderator: James Wightman, Managing Director, MENA, Themis
  • Suliman Alzabin, AML/CTF Director at the Saudi Arabian Monetary Authority (the Saudi Central Bank) and Executive Secretary of the Anti-Money Laundering Permanent Committee of the Kingdom of Saudi Arabia
  • Salman Haider, Head of Compliance at Riyadh-based Osool Bakheet Investment Company
  • Ibtissem Lassoued, Partner and Head of Financial Crime Advisory at Al Tamimi & Co and Chair of the Global Coalition to Fight Financial Crime for the Middle East & North Africa Chapter
  • Ian MacDonald, Associate Director of Financial Crime Strategy, Government of Jersey
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10.00 am
11.00 am

Audience Q&A session

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Final Speaker Contributions

  • Allan Wood, Global Head of Business Development, Jersey Finance
  • Carel van Randwyck, Chief Growth Officer, Themis
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11.45 am
12.00 pm

Event Ends

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