The 14th Compliance and Anti-Money Laundering Seminar took place with the attendance of 500 specialists


On Monday, March 20, 2023, the 14th Compliance and Anti-Money Laundering Seminar was held under the patronage of H.E. Mr. Ayman Alsayari, Governor of the Saudi Central Bank (SAMA) and Chairman of the Anti-Money Laundering Permanent Committee (AMLPC). The event was organized jointly between AMLPC, SAMA, and Refinitiv (An LSEG Business), and it was attended by more than (500) participants.

H.E. Yazeed Ahmed AlSheikh, Deputy Governor for Supervision, delivered the opening speech, in which he noted that money laundering crimes and their accelerating evolvement constitute one of the major challenges facing the international community and governments due to their direct negative effects on the stability of economic and financial systems as well as represent a threat to national peace and security. AlSheikh affirmed in this regard the keenness of the concerned authorities in the Kingdom to strengthen the legislative and regulatory frameworks combating these crimes in order to be aligned with the constant developments and changes in this field.

H.E. pointed out that this annual Seminar confirms the commitment of the concerned authorities in the Kingdom, including SAMA, to implement international requirements and follow up on the latest developments in their regard, in addition to highlighting a number of the important issues related to global regulatory developments, and the latest challenges in combatting Proliferation Financing and cyber-enabled fraud crimes.

AlSheikh also concluded his speech with the importance of continuing to hold this annual Seminar, which is considered a great opportunity during which practitioners working in the concerned authorities, Financial Institutions, and Designated Non-Financial Businesses and Professions get acquainted with the best practices and international experiences, and contribute to strengthening and building the technical and knowledge capabilities of practitioners in the Kingdom.

The Seminar consisted of five main sessions, during which AML and compliance experts discussed topics related to global regulatory developments in the field of AML, latest challenges in combatting proliferation financing, cyber-enabled fraud crimes, and the consequences of a non-risk-based approach to financial inclusion, in addition to the challenges and opportunities with outsourcing AML activities.

​For photos, click (Here).​

29-February-2024