February 15,2024

MENA FCCG participates in World Union of Arab Bankers event seeking to raise awareness of best practice anti-tax evasion efforts

MENA FCCG participated in the recent World Union of Arab Bankers (WUAB) event, titled “Today’s Compliance, Tomorrow’s Success: Advancing Arab Banking Excellence” which took place on February 12 – 13 in Amman, Jordan. The event, bringing together leading combating financial crime experts from the MENA region, sought to provide a platform for knowledge exchange, exploring emerging trends, and fostering collaboration among industry professionals.

Ms. Rula Kiriakos, Head of the Anti-Tax Evasion at Arab Bank, represented MENA FCCG delivering a presentation entitled “Implementing an Effective Anti-Tax Evasion Program”. Her presentation tackled three main areas: the increased regulatory focus on tax evasion, navigating FATCA and CRS in the MENA region, and cross border tax compliance challenges & strategies. The presentation highlighted the importance of proactive compliance measures and the significance of cooperation between financial institutions, regulators, and industry experts.

MENA FCCG’s participation in this event further exemplifies its commitment to promoting best practices in financial crime prevention. By actively engaging in industry discussions and knowledge-sharing initiatives, MENA FCCG continues to play a vital role in shaping the future of compliance in the region.

Ms. Rula Kiriakos, Head of the Anti-Tax Evasion – Arab Bank