Samir Safar Aly

Samir Safar-Aly

Associate
Baker & McKenzie Habib Al Mulla

Biography

Samir is an English qualified Solicitor of the Senior Courts of England and Wales and is a senior associate in our Dubai International Financial Centre (DIFC) office, with prior experience in London and Beijing (in both finance and energy matters). He advises a number of international financial institutions and global asset managers on financial services regulation (with a focus on the GCC, wider MENA region, Asia and Africa), having extensive experience in liaising with the region’s regulators and securities exchanges.

Samir has written a number of articles and industry publications on various issues of financial regulation, FinTech, financial crime, AML, and sanctions, and has mentored at the DIFC Fintech Hive. Samir was also a co-author in one of the first major studies on Green Sukuk and continues to be involved in sustainable finance related initiatives, including being a speaker at the World Green Economy Summit 2019, Dubai. In December 2019, he was invited to the 8th Conference of State Parties to the UN Convention Against Corruption, organised by the UN Office of Drugs and Crime (UNODC). In April 2020, he was invited by the Dubai Government to be a member of Dubai's Sustainable Sukuk Standards Committee.

Practice Focus

Samir’s practice covers the full range of financial services and products, including the cross-border marketing of investment banking and corporate finance services, wealth management activities, investment funds, securities and investment banking services, as well as cryptocurrencies, digital tokens, digital assets and FinTech-related matters generally.

Samir has played a leading role in many key government advisory projects in the areas of legal and regulatory reform and strategy, including on a number of national economic blueprint plans. This includes advising the Governments of Indonesia, Kenya, Kyrgyzstan, and the UAE. This includes advising on full scale projects to introduce the implementation of Islamic finance from a legal and regulatory perspective, to drafting legislation for the establishment of financial centers.

His focus includes UAE, Saudi and wider international anti-money laundering (AML) and counter-terrorist financing (CTF) rules, anti-bribery and corruption laws (covering the GCC, UK and US) and other areas of white-collar and financial crime. Samir has particular expertise in financial and economic sanctions and regularly provides guidance on UN, US (OFAC), UK, EU and GCC sanctions regimes and export-control issues across a wide range of sectors.

Samir's experience also includes representing clients on contentious regulatory matters and regulatory investigations across the Middle East, as well as conducting government and internal investigations on issues ranging from anti-bribery and corruption to AML issues.

Professional Associations and Memberships

  • Law Society of England and Wales - Member
  • Chartered Institute for Securities and Investment (CISI) - Associate Member
  • Chartered Institute of Arbitrators (MCIArb) - Member
  • International Nuclear Law Association (INLA) - Member

Admissions

  • England & Wales~United Kingdom (2013)
  • Dubai - Registered Legal Consultant

Education

  • University of Montpellier (Diplôme Universitaire in International Nuclear Law (Très Bien)) (2020)
  • University of Montpellier (International School of Nuclear Law) (2018)
  • Chartered Institute of Public Finance and Accounting in collaboration with the City of London Police Economic Crime Academy (Certificate in Anti-Bribery and Corruption Studies) (2017)
  • University of California, Berkeley (LLM with specialization certificates in Business Law and Energy Law, magna cum laude equivalent) (2011)
  • University of Kent at Canterbury (LLB (Hons) Judge Rooke Prize) (2008)
  • Durham University (Islamic Finance Summer School) (2008)
  • Suzhou University (Exchange Program International Business Law) (2008)
  • American University in Cairo (Exchange Program Islamic Jurisprudence and Oil & Gas Law) (2007)
  • Harvard University (Exchange Program Political Philosophy) (2006)

Languages

  • English
  • Arabic
  • Persian