OIB Compliance Head Speaks at Federal Reserve Bank Conference
Oman International Bank (OIB) Assistant General Manager and Head of Compliance, Mr. Hany Abou-El-Fotouh has delivered a presentation at "The Second U.S.- Middle East & North Africa Private Sector Dialogue (US-MENA PSD) Conference on Anti-Money Laundering and Counter Terrorist Financing (AML/CFT)" held December 11-13 in New York City hosted by The Federal Reserve Bank.
The conference is a direct dialogue between the banking sectors in the U.S. and MENA region with the objective to raise awareness of terrorist financing and money laundering risks, facilitate a better understanding of effective practices and programs to combat such risks, and strengthen implementation of effective anti-money laundering/counter-terrorist financing controls.
The Federal Reserve Bank of New York has hosted this conference in coordination with the Union of Arab Banks, the Middle East/North Africa Financial Action Task Force (MENA-FATF), and with the support of the American Bankers Association, the Arab Bankers Association of North America, and the U.S. Department of the Treasury.
The event invited a diversified mix of speakers including central bank governors and vice governors, senior policy makers and regulators, in addition to several chairmen of Arab banks and senior American officials. The participants provided insights into the latest developments related to AML/CFT issues.
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