Financial institutions face an increasingly complex global financial crime compliance environment. Sanctions, anti-money laundering (AML) and anti-bribery have increasingly emerged at the forefront of enforcement agendas on the part of regulators and prosecutors, with particular focus on conduct in the Middle East in recent years.
These enforcement actions against financial institutions have had a direct impact on corporate borrowers who rely on bank financing, resulting in exposure to liability and expectations for more robust compliance programs.
To help consider how best to manage and mitigate the risks arising from this, Baker McKenzie is pleased to invite you to an interactive seminar focused on sanctions and other areas of financial crime (including AML and anti-bribery) in the financial services sector. The panel will include partners from our European, US and Middle East financial crime teams, and will discuss the risk management strategies for Middle East lenders and their corporate borrowers, with particular focus on the following themes:
- Recent developments in Iran sanctions and enforcement actions relating to financial crimes;
- Specific risks and obligations imposed on banks and other financial institutions including freezing assets, sanctions due diligence for lending and capital markets transactions, and trade finance red flags;
- Holistic approach to financial crime and broader compliance strategies; and
- Compliance risk implications for corporate borrowers and issuers.
Attendance is FREE of charge and we hope you will be able to attend. If you have any queries in the meantime, please contact UAE BD.