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Save the Date for Our Upcoming Webinar 04 October 2022: Implications of the Evolving Russia Sanctions Campaign for the MENA Region 

3:00PM - 4:00PM Jordan Time - October 04, 2022

The evolving multilateral sanctions campaign against Russia in response to its 2022 invasion of Ukraine has been unprecedented in its complexity, speed, and impact.  As this campaign continues to expand and evolve, financial institutions, other vulnerable industries, and jurisdictional authorities around the world are grappling to understand sanctions against Russia and meet elevated compliance and risk management expectations, protect their reputations, and safeguard collective security.

What do these developments mean for our MENA region and our financial institutions?

K2 Integrity is at the forefront of efforts to assist financial institutions and countries around the world understand and meet evolving expectations from authorities, correspondents, suppliers, and global markets subject to those jurisdictions sanctioning Russia’s war against Ukraine.  As a key part of these efforts, K2 Integrity has partnered with the United States Department of State to engage public and private sector stakeholders in multiple countries through an ongoing global outreach, training, and certification program.

We are excited to bring K2 Integrity’s experience and expertise on these important, challenging, and timely issues to our MENA Financial Crime Compliance Group and Union of Arab Banks Membership.  We invite you to attend a one-hour webinar where K2 Integrity’s globally recognized experts will explain what these issues mean for financial institutions across the MENA region.  In particular, K2 Integrity’s panel of experts will provide an overview of the following key topics:

  • The types of sanctions the United States (U.S.), European Union (EU), the United Kingdom (UK), and other authorities are imposing against Russia—and why
  • The extraterritorial application and expansive jurisdictional reach of U.S., EU, and other sanctions authorities
  • How jurisdictional authorities, financial institutions, and other private sector and non-profit sector organizations are implementing, overseeing, and enforcing these sanctions—and the challenges they are encountering in doing so
  • The specific ways in which sanctioned Russian entities typically attempt to evade sanctions or avoid prohibitions on specified activities—and specific strategies to mitigate sanctions evasion
  • How MENA financial institutions and countries can protect critical financial and economic relationships with the United States and the multilateral coalition of countries sanctioning Russia’s war against Ukraine

Come join this important session with K2 Integrity expert panelists Chip Poncy, Global Head of Financial Integrity, Mariano Federici, Senior Managing Director, and Katya Hazard, Associate Managing Director and Head of Sanctions – moderated by Chahdan Jebeyli, Group Head Legal & Compliance, Bank Audi, Lebanon.

Panelists

Chip Poncy

K2 Integrity Global Head of Financial Integrity

+1 202 558 0960
cponcy@k2integrity.com

Mariano Federici

K2 Integrity Senior Managing Director

+1 202 558 0960
mfederici@k2integrity.com

Katya Hazard

K2 Integrity Associate Managing Director and Head of Sanctions

+1 202 689 4161
ekhazard@k2integrity.com

Register

Moderator

www.menafccg.com

Wolfsberg’s CBDDQ Capacity Building Videos with Arabic Voiceover

Building on its partnership with the Wolfsberg Group, the MENA FCCG is providing Wolfsberg’s Correspondent Banking Due Diligence Questionnaire (CBDDQ) Capacity Building videos with Arabic voiceover. The videos are intended to facilitate the completion of Wolfsberg’s revised CBDDQ providing better understanding of the underlying risks of correspondent banking activities and what steps a respondent can take to meet current industry standards.

تبعا للتعاون المستمر مع مجموعة ولفسبيرج قامت مجموعة الامتثال لمكافحة الجرائم المالية في منطقة الشرق الأوسط وشمال إفريقيا بإعداد الفيديوهات الخاصة ببناء القدرات الخاص باستبيان العناية الواجبة للبنوك المراسلة الصادرة عن مجموعة ولفسبيرج بصوت متحدث باللغة العربية. تهدف الفيديوهات الى تسهيل استكمال استبيان العناية الواجبة للبنوك المراسلة الصادر عن مجموعة ولفسبيرج لتوفير فهم أفضل للمخاطر الأساسية للأنشطة المصرفية المراسلة والخطوات التي يمكن أن يتخذها المستجيب لتلبية المعايير المصرفية.

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Entity and Ownership

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Products and Services

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AML, CTF & Sanctions Programme

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Anti Bribery & Corruption

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Policies and Procedures

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AML,CFT & Sanctions Risk Assessment

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KYC,CDD and EDD

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Monitoring and Reporting

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Payment Transparency

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Sanctions

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Training and Education

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Quality Assurance/Compliance Testing