08:00 – 09:00
09:00 – 09:15
  • Samantha Pelosi
  • SVP, Payments & Innovation
  • BAFT
  • Emmanuel Givanakis
  • Executive Director, Legal & Enforcement
  • Financial Services Regulatory Authority
  • Abu Dhabi Global Market
  • 09:15 – 09:30
    Introduction/Workshop Overview
  • Bhavin Shah
  • Partner, Financial Advisory
  • Deloitte Professional Services
  • 09:30 – 11:30
    Learning objective: This section will explain the evolution of economic sanctions programs, which have become more complex over time, and offer strategies to protect against inadvertent and deliberate evasions of sanctions regime requirements, as well as consider controls to mitigate the risk of sanctions breaches.
    • A. Comprehensive sanctions, SDNs and sectoral sanctions
    • B. EU v. US sanctions against Russia, Iran
    • C. Governance and controls
      • 1. Training and awareness
      • 2. Testing
      • 3. Accountability
    11:30 – 11:45
    Networking Coffee Break
    11:45 – 12:30
    AML National Risk Assessment (NRA)
    Learning objective: This section will explain the importance of AML National Risk Assessment as key process and document to prepare for FATF Mutual Evaluation Assessment, and steps to conduct a proper assessment.
    • A. Conducting AML NRA and FATF NRA guidance:
      • 1. Preparation
      • 2. Identifying threats and vulnerabilities
      • 3. Analysis and evaluation, drafting NRA report and conclusions
    • B. Lessons learned
  • Mohamed Jawad Shalo
  • Head of Financial Crime Prevention Unit
  • Financial Services Regulatory Authority
  • ADGM
  • 12:30 – 13:30
    Networking Lunch
    13:30 – 14:30
    Correspondent Banking: Customer Risk Rating and Due Diligence
    Learning objective: This session will help bankers and compliance personnel to understand the regulatory requirements regarding customer identification and due diligence.
    • A. Initial
    • B. Event driven and periodic refresh
    • C. When do you have to know your customer’s customer?
    14:30 – 15:30
    Correspondent Banking: Transaction Monitoring
    Learning Objective: This section will explain recent developments in governance and optimization of automated transaction monitoring systems for both AML/CFT and sanctions compliance, as well as the importance of the client name screening.
    • A. Governance of your automated system
    • B. Optimization – a combination of systems, processes and people
    • C. Detection scenarios and case studies
    15:30 – 15:45
    Networking Coffee Break
    15:45 – 16:15
    Correspondent Banking: De-risking
    Learning Objective: This section will cover what’s happening in the industry, with special focus on the region, resulting in de-risking of accounts.
    • A. Industry overview
    • B. Restricting or closing an account
    16:15 – 17:00
    Correspondent Banking: Respondents’ Playbook
    Learning Objective: During this session, you will learn about the new BAFT Respondents’ Playbook. The playbook documents expectations of correspondent banks and best practices for respondent banks, which if properly implemented, should result in new or retain existing relationships.
    • A. Establishing a new relationship
    • B. Maintaining a relationship
    • C. Options for respondents unable to obtain/maintain a relationship
    • D. Special considerations for money service businesses (MSBs) and Fintech
    Wrap Up/Closing Remarks
  • Bhavin Shah
  • Partner, Financial Advisory
  • Deloitte Professional Services
  • Samantha Pelosi
  • SVP, Payments & Innovation
  • BAFT