March 25, 2013

Thomson Reuters And the Institute of Banking of Saudi Arabia Host 5th Annual Compliance & Anti-Money Laundering Seminar

RIYADH, SAUDI ARABIA – Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, will host the 5th Annual Compliance and Anti-Money Laundering Seminar in Riyadh in partnership with the Institute of Banking of the Kingdom of Saudi Arabia. Held under the patronage of His Excellency Dr. Abdulrahman Al-Hamidy, Vice Governor of the Saudi Arabian Monetary Agency the seminar will take place on March 26 & 27, 2013 at the Institute of Banking, the pre eminent centre of excellence providing knowledge solutions to the financial services authority in the Kingdom.

The 5th Compliance and Anti-Money Laundering Seminar addresses the latest hot topics in the industry through expert-led panel discussions, case studies and presentations. The summit will cover key themes including the US Foreign Account Tax Compliance Act (FATCA), anti-money laundering, due diligence, international sanctions, corporate governance, enforcement and many more.

The event is supported by leading banks and financial institutions including Banque Saudi Fransi, Samba, National Commercial Bank, Riyad Bank & Riyad Capital, The Saudi Investment Bank, Al Rajhi Bank, Arab National Bank, Saudi Hollandi Bank, MEDGULF, SABB, Gulf International Bank and other partners such as Ernst & Young, HFFC, DLA PIPER, SNR Denton, Patton Boggs and CCL.

With 400 delegates in attendance and over 35 high calibre regional and international speakers, the seminar has become the premier compliance and Anti Money Laundering event for Saudi Arabia's financial services industry. The event gathers governance, risk and compliance professionals together with known international experts who share their experiences and best practices in the field of compliance.

“We are pleased to host the 5th Compliance & AML Seminar alongside Thomson Reuters for another year,” said Mr. Jamaan Al-Wagdany, Director General of The Institute of Banking said “This important event confirms IOB’s main mission to bring in knowledge solutions to our clients, raise awareness, and exchange global best practices”.

“We are delighted to partner with the Institute of Banking to create this ideal meeting place for the financial services professionals in Saudi Arabia,” said Russell Haworth, Managing Director, Middle East and North Africa, Thomson Reuters. “The GCC regulatory landscape has been experiencing ongoing significant change during the past few years. As the growth of international business continues, it is important that both the firms and the regulators in the GCC are aware of the full scope of the legal requirements that could impact a regulated firm and the conduct of its business,” he added.

For more information or to register, please visit the summit's web site at: 

  • Thomson Reuters - Accelus: 5th Compliance and Anti-Money Laundering Seminar
  • The Institute of Banking: 5th Compliance and AML seminar

Thomson Reuters

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About the Institute of Banking Training

The Institute was first established by the Saudi Arabian Monetary Agency in 1965 under the name of “ Institute of Banking Training ” At that time, the institute provided only conventional academic education where the trainees, who were banking sector employees, were granted, after successfully passing the courses, a diploma in banking and financial studies. With the acceleration of the development of the banking business and the increasing introduction of advanced technologies in the banking sector, it became essential to change the Institute's goals and strategies to respond to such changes and to cope with the expectations of the leaders of the banking and financial sectors. In 1989, SAMA established the present institute under the new name of “The Institute of Banking".