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Launch of an Arab-American banking conference on 15 October DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Launch of an Arab-American banking conference on 15 October

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Launch of an Arab-American banking conference on 15 October Empty Launch of an Arab-American banking conference on 15 October

Post by claud39 on Mon Aug 05, 2019 7:41 am

Launch of an Arab-American banking conference on 15 October




 05/08/2019





Launch of an Arab-American banking conference on 15 October Rc_156498558176_23







The World Bank's largest Arab-American banking conference will be held at the US Federal Reserve in New York on October 15 with the US Treasury Department and OFAC, And the largest US banks, including Citibank, JP Morgan Chase, BNY Mellon, HSBC, MUFG, and experts from the IMF, the World Bank, international financial and regulatory bodies, Arab central bank governors, Arab and US banking leaders, In the Federation and its Board of Directors. 

Fattouh said: "The conference will discuss the developments in the laws against money laundering and financing of terrorism, and the timing and time under pressure on banks, and the large number of news and rumors related to sanctions.

The conference will explain all the problems, especially as it provides a platform for direct dialogue with the US Treasury and US banks and with the US regulatory authorities. 

A large number of Arab bankers and bankers from the United States will meet with leaders and officials of the US regulatory, regulatory and legislative authorities on an open dialogue with US correspondent banks and developments, in addition to developments and changes in the regulatory and regulatory landscape, Some US banks to close the accounts of banks in light of the many laws and legislation issued in this area.





http://www.uabonline.org/en/news/arabicnews/15731591160415751602160515721578160515851605158915/66539/0
claud39
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Launch of an Arab-American banking conference on 15 October Empty Arab-American Conference Discusses Financial Transactions of "Correspondent Banks"

Post by claud39 on Mon Aug 05, 2019 7:43 am

Arab-American Conference Discusses Financial Transactions of "Correspondent Banks"




05/08/2019





Launch of an Arab-American banking conference on 15 October Rc_156498583773_23




The Union of Arab Banks is preparing to organize an Arab-American banking conference at the Federal Reserve Bank in New York on October 15, in cooperation with the US Treasury Department, the Office of Foreign Assets Control and major US correspondent banks. 

Wissam Fattouh, Secretary General of the Union of Arab Banks for 'Economic', said that the convening of the conference at the headquarters of the US Federal confirms the credibility of the Union and the extent of its cooperation documentation with the American Fed for the benefit of Arab banking specifically.

"The conference will discuss the problem of financial transactions between banks on both sides such as correspondent banks, especially as US banks have been reluctant to deal with a large number of correspondent banks, including Arab, not for reasons of compliance, but in fact the volume of remittances is small, Therefore, the cost of these transfers for large US correspondent banks is high and requires teams to work for banking compliance teams. ' 

He explained that the conference deals with developments in the laws against money laundering and financing of terrorism, pointing out that the timing of the conference and its place comes under pressure on banks, and the many rumors related to sanctions.
 
He said that the conference will address all obstacles and problems in this regard, especially as it provides a platform for direct dialogue with the US Treasury and US banks and with the regulatory authorities in the United States.

The conference will be attended by experts from the International Monetary Fund, the World Bank, international financial and supervisory bodies, Arab and American central bank leaders, a delegation of banks and financial institutions of the Union and its Board of Directors. 

Fattouh said that the Union will also organize the annual meetings of the World Bank and the International Monetary Fund, as well as a joint forum at the World Bank headquarters on October 17, the first event of its kind. International level '. 

He pointed out that the title of the forum will be development and its relationship to the world of technology in the field of finance and business all the challenges facing the financial sector Arab banking.

For his part, 'Adnan Yousef, member of the Union of Arab Banks, chairman of the Bahrain Banks Association, said that the Federation is constantly discussing with the American Federal a number of issues related to remittances, money laundering, financing of terrorism and exchange of ideas and proposals. American banks'.






http://www.uabonline.org/en/news/arabicnews/16051572157816051585159315851576161015711605158516/66541/0
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