Saudi Arabia Financial Crime Risk Assessment Roundtable – In Partnership with Themis
9.00 am - 12.00 pm
BST
Location: Liberation Suite, Pomme d'Or Hotel, Jersey
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.
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.
Allan Wood › Global Head of Business Development, Jersey Finance
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Born in Liverpool, Allan has more than 25 years’ financial service experience in Jersey and the UK.
As Global Head of Business Development, Allan is responsible for overseeing the promotion of Jersey as a leading international finance centre across key strategic overseas markets including Africa, the Gulf region, Asia, the US and the UK.
Allan joined Jersey Finance in 2015 as Business Development Director, before being promoted to Regional Head – West, where he was responsible for overseeing the Africa, US and UK markets.
Prior to Jersey Finance, Allan spent five years with Barclays in Jersey, where he was Vice President and leader of the Jersey International business within Barclays Wealth & Investment Management division. Before this, he spent 20 years with Royal Bank of Scotland.
A keen runner in his spare time, Allan successfully completed the London Marathon in 2014 and 2016, while he is also Chairman of The Grace Crocker Family Support Foundation, a Director of Jersey 2 Africa 4 Football Foundation, and an advisor to the Cherie Blair Foundation’s 100,000 Women Campaign Board.
Carel Van Randwyck Chief Growth Officer, Themis
Carel has 35+ years broad international experience having lived and worked in Asia, Africa, the Middle East and Europe for market-leading financial services firms. He was the Global COO for various sales & trading businesses at UBS Investment Bank, Head of Change Management, Group Sales, at Deutsche Börse, financial management consultant with Price Waterhouse and auditor with Arthur Young & Co. He is a Fellow of both the ICAEW and Association of Corporate Treasurers and fluent in English, Dutch and Spanish. Carel developed a group-wide client strategy and supporting infrastructure to drive sales and revenue growth Deutsche Börse, established Fixed Income trading businesses for UBS Investment Bank in Moscow and Istanbul and developed country strategies for National Bank of Abu Dhabi.
James Wightman Managing Director, MENA, Themis
James is Chartered Accountant and Fellow of the Institute of Chartered Accountants in England and Wales. After qualifying with Baker Tilly in London he moved into industry, spending 4 years working for Inchcape Plc in Global Internal Audit, M&A, Treasury and Investor Relations at a time of significant business and Balance Sheet restructuring. Since 2010 James has worked in the UAE for one of the world’s largest sovereign wealth funds, Mubadala, helping set up their Treasury Function, both for Mubadala and their Commercial Finance Joint Venture with GE – Mubadala GE Capital. Over the last 4 years he has worked as Commercial Head of Finance in Mubadala’s startup Shared Services Company (Mubadala BMS), having seen rapid growth from 60 to over 400 employees during that period.
Suliman Alzabin AML/CTF Director, Saudi Arabian Monetary Authority and Executive Secretary of the Anti-Money Laundering Permanent Committee of the Kingdom of Saudi Arabia
Suliman has more than 17 years’ experience, primarily in the legal aspect of the banking industry, compliance and anti-money laundering, and was formerly a Mutual Evaluation Officer for MENAFATF, in charge of assessing the level of MENA countries compliance with the FATF 40 recommendations. During this time, he participated in many domestic, regional and international events, and helped the MENAFATF countries to comply with the International Standards, so he is extremely well-placed to talk to us about AML/CTF matters.
Ibtissem Lassoued Partner and Head of Financial Crime Advisory, Al Tamimi & Co
Ibtissem advises clients on complex cross-border criminal matters including corruption, money laundering and terrorist financing, economic sanctions, cybercrime offences, fraud and extradition. Ibtissem is also an active international speaker and Chair of the Global Coalition to Fight Financial Crime for the Middle East & North Africa Chapter, with a remit to lead the activity of the organisation within the region. She works extensively with partners and clients in Saudi Arabia.
Salman Haider Head of Compliance, Riyadh-based Osool & Bakheet Investment Company
Salman has over 16 years’ experience in compliance, including for Murabaha Finance Company, Kinetrix Consulting, Mizuho Saudi Arabia, Bank Albilad, & Samba Financial Group. He has also spoken at international conferences over the years on AML and compliance matters.
Agenda
Contacts
Alicia Mathieson › Events and Marketing Officer, Jersey Finance
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