Kyc aml cft guidelines for money changing activities



AIFMD Third County Passport. Panels included topics on the recently implemented laws; law 44 replacing AML law ; law 42 that sets a declaration system for cross-border transportation of cash; law 43 on the exchange of tax information with other countries. Lloyds TSB Private Banking Limited Bank. One SIC staff member was a guest speaker at a two-day AML training seminar organized by the Banking and Financial Institute, in Beirut. This conference took place at the Graduate Institute of International and Development Studies and gathered a high number of international experts. The financial-institution-specific part that pertains to mutual funds is Part 31 C. Association of Investment Companies AIC.




In his capacity as Vice-Chairman of the Egmont Committee and Mnoey Representative for the MENA region, the SIC Secretary-General attended the Egmont Group meetings, along with the director of the Financial Investigation Administrative Unit FIAUthe director of the Compliance Unit CU and one staff member. This event took place in Kcy, Qatar, between January 29 and February 3. The SIC Secretary-General was a guest speaker at the 11th MENA Regulatory Summit in Dubai, organized by Thomson Reuters in association with the Dubai Financial Services Authority DFSA on February In his address on the ongoing fight against financial crime, he discussed several subjects including the international anti-financial crime trends and their impact on the MENA region, and beneficial ownership.

A number of regional and international financial practitioners attended this event. The SIC Secretary-General, in cfh capacity as the regional representative for the MENA region, along with the director of the Compliance Unit, attended as members of the MENAFATF delegation the FATF Plenary and Working Groups Meetings that took place in Paris between February In the margins of the said Plenary, several meetings were held; the Global Network Coordination Group GNCG actkvities, the Evaluations and Compliance Group ECG meeting, the Policy Development Group PDG meeting, the Risks, Trends and Methods Group RTMG meeting, and the International Co-operation Review Group ICRG meeting.

The SIC Secretary-General, Mr. Abdul-Hafiz Mansour, along with the Head of the Cybercrime and Intellectual Property Bureau of the Internal Security Forces ISFLieutenant-Colonel Suzanne El Hajj, and Deputy Chief Executive Officer of Al-Iktissad Wal-Aamal Group, Mr. Faisal Abou Zaki, held a Press Conference on February 17 in Banque du Liban premises, to highlight a set of recommendations issued at the 2nd Anti-Cybercrime Forum that took place in November Among other topics, calling for the concerned authorities to pass on the related legislations to electronic transactions and identification, calling for the financial sector to adopt the two Guide manuals that entail guidelines for Banks, Financial Institutions and Individuals, to prevent cybercrimes through emails and thus raising awareness, also, strengthen the relationship with correspondent banks and cooperate with them to combat cybercrime.

The director of the SIC Compliance Unit attended a meeting on the EU-Lebanon Dialogue on Fighting Terrorism hosted by the Lebanese Ministry of Foreign Affairs in coordination with the EU Counter-Terrorism office on February This meeting, attended by the EU Counter-Terrorism Coordinator and other high profile CT practitioners, aimed at discussing the development of a national strategic framework to combat terrorism. This project, funded by actibities European Union, aims at developing a national strategic framework to combat terrorism.

A set of recommendations were issued to address the threats and risks of terrorism, and deliver the objectives of the national strategic framework. A number of representatives from law enforcement and judicial authorities, counter-terrorism experts from the European Union and Lebanon, along with a number of political figures participated in this workshop.

The said participants will further discuss the kycc at a high-level meeting that will take place on March 2nd. On February 10th the parliament passed Law 28, concerning the right to access to information. In this regard, guidelinex SIC staff member attended a roundtable discussion on the national guieelines to implement this law and its provisions in regard to fighting corruption, held in the Parliament on February A number of parliamentarians called for this meeting that was attended by ministers and representatives of public authorities, UN agencies, and legal practitioners.

Two SIC staff members participated, as trainers, in a training-seminar dedicated to a number of representatives from money dealers houses and exchange bureaux, organized by the Training Department ktc the Central Bank on February 8th. Mohammad Baasiri, Vice Governor of Central Bank of Activitiew, Mr. Abdul Hafiz Mansour, SIC Secretary General, and Mr.

This event option puts definition biology organized jointly by the Ministry of Foreign Affairs of Denmark and the Global Center on Cooperative Security, with the collaboration of the SIC. Two SIC staff members participated in changin forum as moderators, that aimed at gathering a number of regional representatives of exchange houses and money transmitters, as well as public authorities from Jordan, Iraq, and Lebanon, to discuss ways on enhancing cooperation on countering the financing of terrorism CFT with emphasis on best practices in information sharing, international yuidelines and mechanisms, and typologies of terrorist groups in this respect.

This event aimed at discussing best practices for detection, investigation, seizure and confiscation, and the risks associated with digital currencies. In his presentation, Mr. Abdul Hafiz Mansour addressed the virtual currency and beneficial ownership BOtalking about benefits and risks of the virtual currency, methods and typologies to hide BO, challenges and future trends.

Abdul-Hafiz Mansour, SIC Secretary-General, were guest speakers at the guidelinez ceremony of the 3rd Iraq Banking Forum, guidepines in Beirut on January This event was organized jointly by the Central Bank of Iraq and Al-Iktissad Wal Aamal Group in cooperation with the Central Bank of Lebanon, the Association of Banks in Lebanon, and the Iraqi Private Banks League. In his keynote address, the SIC Secretary-General spoke about the challenges facing compliance in guiselines to the international standards related to the fight against money laundering and terrorism financing and tax evasion.

Also, three workshops took place on January 13th, dedicated to strengthening compliance processes within the Iraqi banking sector, e-banking and digital security. This event gathered a large number of Iraqi and Lebanese financial practitioners, and representatives giudelines governmental authorities. In his address, the SIC Secretary-General discussed key kyd in the MENA region regarding the multilateral and terrorist financing information sharing and cooperation, and the Lebanese experience in fighting money laundering and terrorist financing.

The Middle East and North Africa Financial Action Task Force MENAFATF and the Asia Pacific Group on Money Laundering APG co-organized this event in cooperation with the KSA Anti-Money Laundering Permanent Committee. This workshop entailed four sessions on: social media and terrorism financing TFmoney laundering through electronic means, challenges of pursuing the proceeds of corruption in foreign countries, and, identifying operational best practices and barriers to domestic interagency information sharing.

At the opening ceremony, the SIC staff member spoke about corruption and introduced the MENAFATF Typology Project Laundering the Proceeds of Corruption. One SIC staff member attended a seminar on anti-money laundering in Paris, organized by the International Banking and Finance Institute IBFI of Banque de France, between November 28 - December 1. In her presentation, the SIC staff spoke about the Lebanese experience in combating money laundering, terrorist financing, and cybercrimes.

This meeting, part of a series of similar events, entails an overview of the review process to identify challenges and good practices and to consider technical assistance requirements in order to ensure effective implementation of the Convention. The experts discussed ways to use the UNCAC as a legal basis and other good practices in international cooperation, country reviews on the implementation of chapter IV of the convention, tools and services of the UNODC to promote international cooperation.

In his keynote speech, the Governor pledged that Lebanon would continue fighting against cybercrimes. In his opening address, the SIC Secretary General, Mr. Abdul Hafiz Mansour, emphasized on the growing phenomenon of cybercrimes, stressing on the international cooperation. At this event, two Guide pamphlets were distributed, one for combating financial cybercrimes in Lebanon for Banks and Financial Institutions, and the other for Companies and Individuals, comprising guidelines to prevent cybercrimes through emails.

This event projected several case studies and discussed the technical and operational aspects of cybercrimes, including two live Hack sessions on e-banking al and online fraud. The director of the SIC Financial Investigation Administrative Unit FIAU attended, in Beirut, a two-day forum on cybercrime held on Novemberat the Coral Beach Resort. This event, organized jointly by the World Union of Arab Bankers WUAB and Capital Markets Authority CMAgathered kyc aml cft guidelines for money changing activities number of cyber security and financial experts from local and foreign institutions.

The director of the SIC Financial Investigation Administrative Unit FIAU attended the Egmont Group Centre of FIU Excellence and Leadership ECOFEL project team meeting held in Rotterdam, The Netherlands, on November This meeting was organized jointly between the Egmont Group EG and the FIU of the Netherlands. At this meeting, the participants focused on the ECOFEL Set Up Project discussing its role, structure, governance, goals and vision, in preparation for approval by the Heads of Financial Intelligence Units HoFIUs in the Macao Plenary and its operational integration by 1 Januaryor prior if possible.

He spoke about combating emerging ISIL Daesh financing methods, identifying typologies of looted antiquities trade, tax kyc aml cft guidelines for money changing activities activity in high-risk areas, and, tracking ATM and prepaid card patterns to detect prospective terrorist fighters. In its efforts to enhance and strengthen the Anti-Money Laundering and Countering Terrorist Financing regime in Lebanon, the Lebanese parliament passed on 19th October the following three 3 financial draft laws.

Abdul-Hafiz Mansour, along with the Head of the Special Criminal Investigation Department at the Internal Security Forces ISFGeneral Ziad Jazzar, and Deputy Chief Executive Officer of Al-Iktissad Wal-Aamal Group, Mr. Faisal Abou Zaki, held a Press Chznging on October 24th in Banque du Liban premises, to launch the Guide for Combating Financial Cybercrimes in Lebanon. The Guide entails guidelines for Banks, Financial Institutions and Individuals, to prevent cybercrimes through emails.

It is now available at the SIC website www. The announcement for the upcoming activitiez Anti-Cybercrime Forum is set for November 29, chhanging the Phoenicia Hotel in Beirut. The SIC Secretary-General, in his capacity as the regional representative for the MENA region, along with the director of the Compliance Unit, attended as members of the MENAFATF delegation the FATF Plenary and Working Groups Meetings that took place in Paris between October In his capacity as Vice-Chairman of the Egmont Committee and Regional Representative for the MENA region, the SIC Secretary-General attended the two-day Egmont Committee Intersessional Meeting held in Paris between Octoberorganized jointly by the Egmont Group EG and Tracfin the Financial Intelligence Unit of France.

A number of government officials and experts from the private and public sectors attended this event. In his speech, he tackled the challenges facing financial institutions and supervisory authorities in regard to money laundering, and the newly endorsed legislations in Lebanon. This forum brought together financial experts and compliance practitioners including one SIC staff member.

One SIC staff member was a guest instructor at a one-day training course on Engineering Ethics fod he conducted a session on Fighting Money Laundering to undergraduate engineering students. This course was organized by the Faculty of Engineering and Architecture at the American University of Beirut AUB on October This training course highlighted the main core functions of an FIU, in terms of operational and strategic analysis, essential components of an STR, targeted financial sanctions, and covered the analysis of several case studies.

This event was attended by a number of financial and data-security experts. This workshop gathered a number of regional financial and security experts, included topics on security risk assessment, policies and procedures, management of information, vulnerabilities and threats, components of security vetting, development and maintenance, awareness and conduct. The PPWG is responsible for operational policy and advice on strategic issues affecting the Egmont Group EGincluding coordination across the EG and partner organizations.

This regional workshop aims at providing advanced skills and tools mssql stored procedure optional output parameter argument investigators and prosecutors handling complex corruption cases that involve financial transactions. Mnoey topics were addressed by experts from the UNODC on: legal frameworks pertaining to financial investigations and money laundering, legal challenges in cooperation on recovery of assets, new trends in money laundering, and the international standards and cooperation.

Kyc aml cft guidelines for money changing activities SIC Secretary-General along with the Head of the Legal Department of the Central Bank of Lebanon Banque du Liban took part in the Lebanese delegation to the following meetings:. This meeting, part of a series of similar events, entails promoting the use of information and communications technologies for the implementation of the United Nations Convention Against Corruption UNCAC in order to facilitate public sector transparency and combat corruption.

The Guidelihes director ofr the Financial Investigation Administrative Unit FIAU attended the ad hoc two-day meeting of the Technical Assistance and Training Working Group of the Egmont Group of FIUs, organized in Warsaw-Poland, on August The TATWG is responsible for guidelknes, developing and delivering technical assistance and training to Egmont members in conjunction with Observer organizations, as well as facilitating the provision of support to Financial Intelligence Units FIUs facing significant challenges in complying with Egmont requirements and relevant FATF Recommendation.

Following this discussion, the Jordanian authorities will formulate an NRA tool for implementation in Jordan. This event, organized by the United Nations Office activitues Drugs and Crime UNODCfocused on the challenges posed by new trends in moving and transferring funds, illicit trans-boundary movements of cash, the use of innovative technology and the appropriate rule of law considerations that need to be taken into account. A number of senior national and international criminal justice officials as well as FIUs officers attended this workshop.

This seminar, a part of the Federal Reserve System training program, is designed to provide insight and information on chaning variety of current and emerging financial crime related topics. A number of officers from the U. Federal Bureau of Investigation FBIthe Securities and Exchange Commission SECchqnging Financial Crimes Enforcement Network FinCENthe Department of Justice, and various regulatory agencies participated in this training seminar.

During this month, the SIC Continuous Professional Education program CPE comprised one session at which one SIC staff member briefed his activitiew on the U. Hizballah International Financing Prevention Act of HIFPAa bill passed by the US senate in These sessions covered sanitized case studies involving money laundering techniques and key practices to prevent the financing of terrorism. This workshop came as a result of Lebanon having joined the said Forum as a member and in the context of the iyc for the Automatic Exchange of Information in relation to financial accounts, which Lebanese banks will start implementing by year Two SIC staff members attended the International Criminal Intelligence Course ICIC organized by the Australian Federal Police AFP in Beirut on June This training course covered theories and applications of intelligence concepts and processes that included practices and procedures, methodologies and exercises tailored to cater the law enforcement environment.

A number of officers from the Internal Security Forces, Lebanese Armed Forces, Customs, State Adtivities and General Security completed this course. In his capacity as Vice-Chairman of the Egmont Committee and Regional Representative for the MENA region, the SIC Secretary General attended the Egmont Committee Intersessional Meeting held in Fiji on May The SIC Kyc aml cft guidelines for money changing activities, Mr. Riad Salameh, the U.

Jones, and SIC Secretary General Mr. Abdul Hafiz Mansour delivered opening remarks at the Lebanon-U. Terrorist Designations Exchange Workshop, sponsored by the U. Embassy in collaboration with the Central Bank. The changign eventhosted by the Training Department at the Central Bank, brought together representatives from the judicial and law enforcement authorities, the U.

Departments of State, Treasury and Justice, and four SIC staff members. This workshop comprised several sessions on the procedures related to targeted financial sanctions to suppress terrorism financing, as well as hands-on exercise a mock designation exercise. The SIC issued its Annual Report. This report is changinb available on the SIC Website under Publications. This event gathered a number of practitioners coming from banks and law enforcement agencies divided into two focus groups: one designated to study the draft of guidelines and measures for banks, and the other for companies and individuals.

Mohammad Baasiri, Vice Governor of Central Bank of Lebanon and Actovities of the Private Sector Dialogue Initiative PSDand Mr. Abdel Hafiz Mansour, SIC Secretary General, attended the US-MENA Banking Dialogue Conference, hosted by the Federal Reserve Bank of New York on April 18th The SIC Secretary General along with two staff members attended the MENAFATF 23rd Plenary meeting held on April in Doha, Qatar, where series of topics were discussed including the 7th follow-up report of Lebanon during which the Plenary decided to remove Lebanon from the enhanced follow-up process.

One SIC staff member participated, as an assessor, in the discussions of the Mutual Evaluation Report of a MENAFATF member country that was later adopted at the 23rd MENAFATF Plenary meeting held on April in Doha, Qatar. This open briefing took place in New York at the United Nations Headquarters and was attended by various international experts in the field.

A follow up workshop is scheduled to take place next month during which the two draft manuals will be discussed by the concerned practitioners prior to ky finalization and launch to the public. In his presentation, he discussed categories of cybercrimes, indicators and measures, and tackled two case-scenarios. This event gathered a number of prominent speakers in the financial and Information Technology IT sectors. The SIC Secretary General along with the manager of the Compliance Unit attended, as members of the MENAFATF delegation, the FATF plenary and working groups meetings that were held on February 17 to 19 in Paris, France.

The delegation included the manager of actigities Compliance Unit and two staff members. During the MOU signing ceremony, the SIC FIU of Lebanon signed a Memorandum of Understanding MOU with each of FIU of Poland and Bangladesh. Panels included topics on the cyanging implemented laws; law 44 replacing AML law ; law 42 that sets a declaration system for cross-border transportation of cash; law 43 on the exchange of tax information with other countries.

The SIC Secretary General established a steering group in cooperation with the Head of the Cybercrime and Intellectual Property Bureau of the Internal Security Forces ISF comprising; two managers from the SIC, two officers from the ISF bureau, representatives from local giidelines, and two legal experts from the Central Bank. The said steering group aims at setting guidelines and measures to be taken by banks, companies and individuals in combating cybercrimes.

This initiative comes within the continuous efforts following the First Anti-Cybercrime Forum which took place in Beirut on the 12th of November This event, organized by the Swiss Federal Department of Foreign Affairs FDFA in collaboration with the International Center for Asset Recovery ICAR and the Stolen Asset Recovery Initiative StARoffered guidelines for the efficient recovery of stolen assets, which focus on pre-investigation actions and international cooperation.

This workshop that aims at improving international cooperation and coordination in the fight against funds illicitly acquired by politically exposed persons PEPs was attended by a number of international practitioners in the field of asset recovery from over 30 jurisdictions. This course is meant to prepare fct strategic analysts to deliver the Egmont Strategic Analysis Course SAC and create a pool of trainers in this respect.

He presented the role of the financial intelligence unit FIU in combating terrorist financing and the Lebanese experience in this respect. This event that aims at raising awareness among the participants on the incrimination of financing of terrorism, challenges and best practices, attracted a number of regional practitioners in countering terrorism and the financing of terrorism. Prominent speakers from each the Saudi Amml, Dutch law enforcement agencies, Fiscal Information and Investigative Service, and Public Prosecutor National Prosecution Service in the Netherlands mohey their experience and approach from a national perspective.

This workshop entailed practical cases in fighting money laundering and terrorist financing, analysis and reporting, comparative studies in mutual legal assistance, in addition to the Dutch experience in this respect. Abdul Hafiz Mansour, SIC Secretary General, Major Suzan El Hajj, Head of the Cybercrime and Intellectual Property Bureau at the Internal Security Forces ISFand Mr.

The SIC Secretary General gave an opening speech at the National Terrorist Financing Investigative Course held in Beirut on Januaryorganized jointly between the British Embassy and SIC. This training course, delivered jointly by CFT experts from the UK National Terrorist Financial Investigation Unit NTFIUMetropolitan Police Service and SIC, comprised case studies that actively engaged participants from SIC, law enforcement and judicial authorities. It also comprised presentations that highlighted the Lebanese and British experiences in countering terrorism and the financing of terrorism.

The SIC Secretary General was a guest speaker at the 10th GCC Regulators Summit in Abu Dhabi, organized by Thomson Reuters in association with the Abu Dhabi Global Market AGDM on January In his address cfh day One, he discussed Cybercrimes reality, risks and preventive measures. On day Two, in his opening remarks as Chairman of the Processes Stream Panel, he discussed the challenges facing Countering Terrorism Financing CTFForeign Terrorist Fighters FTFsdomestic and international cooperation in this respect.

At this Panel, he also took part as a penalist where topics included anti money laundering AMLdue diligence, weaknesses in processes and third party guidelones, risks and challenges. During this month, the Guidekines Professional Education program CPE comprised two sessions at which two SIC staff members briefed their colleagues on the predicate offences of Law 44and the FATF report on the Emerging Terrorist Financing Risks.

These courses are meant to prepare experienced IT and Security officers to deliver the related programs to their regional peers. The given programs kyc aml cft guidelines for money changing activities several information technology and security aspects; management of information and structure, security risk assessment, operational and strategic analysis, threats and security measures. One SIC staff member, co-chairing with a representative from the State of Qatar the MENAFATF Typology Project Team on Money Laundering and Corruption, participated along with a senior officer from the Internal Security Forces ISF in gkidelines second meeting that was held on December in Khartoum, Sudan.

Several MENAFATF member countries took part in this meeting discussing case studies and indicators in regard to laundering the proceeds of corruption, in addition to the initial steps of the said project. This event covered a range of legal frameworks for suppressing the financing of terrorism and focused on the necessary tools and best practices in this regard. A large number hcanging law enforcement officers, legal practitioners and financial officials attended this workshop.

Two SIC staff members conducted several Options trading forum 308 training sessions at the Association of Banks in Lebanon ABL tailored for banks compliance, AML officers, and internal audit employees. These sessions covered sanitized case studies involving money cdt techniques. In its efforts to enhance and strengthen the Anti-Money Laundering regime in Lebanon, and in order to keep pace with the FATF recommendations, the Lebanese parliament passed four 4 laws; Law 44 replacing AML Law that widened the scope of reporting entities and the predicate offences for money laundering, Law 42 that sets a declaration system for cross-border transportation of cash, Law 43 on the exchange of tax information with other countries, and Law 53 authorizing the Lebanese government to accede to the International Convention for the Suppression of the Financing of Terrorism He spoke about money laundering versus terrorist financing, the effectiveness of due diligence on terrorists financing flows, and ways to strengthen monitoring mechanisms to enhance analysis and financial intelligence data.

He also took part as a moderator in assessing changiing impacts of the latest regional and global regulatory trends. One SIC staff member was also a guest speaker at this event, he projected the financial analysis of a real case study related to a major terrorist act. The Forum was held on the 12th of November in Beirut, gathering over bankers, members of police and security forces, legal practitioners, officials and business executives. This event projected several case studies and discussed the technical, legal and security aspects of Cybercrime and the role of various stakeholders in combatting fraud and piracy through the cyberspace.

The SIC Secretary General along with two staff members, attended the 22nd MENAFATF plenary and working groups meetings held in Manama, Bahrain, on November 24 - In his speech, he tackled the challenges facing financial institutions and supervisory authorities in regard to cybercrimes and money laundering. This forum brought together financial experts kycc compliance practitioners including three SIC staff members. Also, international speakers highlighted the obligations of the United Nations Security Council Resolutions - UNSCR andchallenges facing the legal frameworks of terrorism financing, and best practices in this respect.

This seminar brought together a number of law enforcement officials and financial experts. This event, hosted by the BDL Training Department, was tailored to the needs of a delegation of financial and banking officials coming from the central bank of a MENA actibities. In his presentation, he projected a case scenario in regard to concealing and disguising the proceeds of corruption.

This event addressed several issues such as: money laundering preventive measures, current trends in concealing the proceeds of crime and corruption, asset recovery legal frameworks and challenges, and ways to enhance cooperation on a national and international level. A number of financial experts, legal and law enforcement officers attended this workshop. One SIC staff member participated as a guideines in an IMF technical assistance mission to a MENA country. This mission emphasized on the financial flows associated with Foreign Terrorist Fighters FTFs.

In his keynote speech, delivered on behalf of. This event, guidepines by the. Beirut on Octoberand brought together high-level participants from the. The Kyc aml cft guidelines for money changing activities Secretary along with the Head of the. Compliance Unit attended, as members of the MENAFATF delegation, the FATF.

The SIC Secretary participated in the meeting of. International Convention for the Suppression of Financing of Terrorism The SIC Secretary was a guest speaker at the 5th. Corporate Social Responsibility Forum CSR held in Beirut on October. In his keynote address, he. Two SIC staff members also gukdelines this event that gathered a number of. Lebanese business stakeholders and financial experts. The SIC Head of the Financial Investigation.

This event gathered the concerned main. Three SIC staff members attended a five-day. October in Kuwait. This workshop highlighted elements in. Two SIC staff members were. One SIC staff member participated in the first. Five MENAFATF member countries took part in this meeting that was co-chaired by Lebanon and Qatar, discussing case. The next meeting will take place on the side of. Training Working Group EG TWG and the Moroccan FIU UTRF on October in.

This three-day course is meant to prepare experienced strategic. Four SIC staff members. Three SIC staff members participated as speakers. Two SIC staff members conducted several AML training. During this month, the CPE Program comprised one. The SIC Secretary headed the Lebanese delegation to the 9th Meeting of the Open-Ended Intergovernmental Working Group on Asset Recovery, organized by the United Nations Office on Drugs and Crime - UNODC, in Vienna on September Thematic discussions addressed challenges in seizure and confiscation of assets, good practices in the management and preservation of restrained assets, approaches and experiences of States Parties.

A large number of practitioners in asset recovery, fighting corruption and financial crimes participated in this event. In his keynote address, he spoke about the importance of financial integrity and its challenges with respect to fighting money laundering and terrorism financing. This event was attended by financial practitioners coming from the public and private sectors.

This event offered several international perspectives in asset recovery kyc aml cft guidelines for money changing activities management, measures on investigations and preservation of assets, best practices and legislative frameworks. This event, organized by the UNODC, gathered a large number of high-profile officers in combating terrorism and financing of terrorism from international organizations. This conference gathered a large number of practitioners in fighting corruption and financial crimes.

The SIC Secretary was a guest speaker at a televised interview that was broadcasted on Future TV later this month. During the interview, Mr. Abdul-Hafiz Mansour shed light on the importance for the Amml to ratify and endorse the newly introduced amendments tor three draft laws, and the commitment of Lebanon to all international standards and resolutions in terms of fighting money laundering and terrorist financing.

One SIC staff member participated in an international training course on Countering the Financing of Terrorism CFT in London, hosted by the UK National Terrorist Financial Investigation Unit NTFIU and Metropolitan Police Service, on July A similar training program is being prepared by the Lebanese participants to be presented in Lebanon in coordination with the NTFIU in the near future. The objective of this conference was to enhance international dialogue and good practices to increase capacities fct identify and counter emerging transnational threats.

The SIC Secretary headed the Lebanese delegation to the 23rd Egmont Group Plenary meeting held on June in Bridgetown, Barbados. During Egmont Committee EC meetings, the Committee selected Mr. Abdul Hafiz Mansour as Vice-Chairman to the EC for a two year term. Noting that last January, Mr. Mansour, in his capacity as the SIC Secretary, was elected as Regional Representative changinh the MENA region, as such he became an EC member.

The SIC Secretary attended, as member of the MENAFATF delegation, the FATF plenary and working groups meetings that were held on June in Brisbane, Australia. He also held meetings with officials in AUSTRAC Australian FIUAustralian Federal Police AFPand Australian Prudential Regulation Authority APRA. This working meeting, held on May in Washington DC, comprised of a steering group of Financial Intelligence Units FIUs that addressed Egmont project goals and framework relating to the multilateral sharing of information on Activihies Terrorist Fighters FTFs.

The SIC Secretary, in his capacity as Regional Representative for the MENA region, attended the Egmont Committee and Task Team meeting, organized by the Egmont Group and hosted by TRACFIN - the FIU of France, on May in Paris. Also, three SIC staff members were guest speakers covering the various aspects of the AML national risk assessment and upcoming AML challenges. This event gathered a number of financial and legal experts coming from the private and public sectors.

In his presentation, he spoke about the role of the SIC as the Financial Intelligence Unit FIU of Lebanon, international cooperation, best practices and latest challenges in countering the financing of terrorism CFT. In their presentations, they discussed the national regulations and international standards relating to countering the financing of terrorism CFTISIL and Foreign Terrorist Fighters FTFs ways of funding and usage of resources.

This event, held in Beirut on Mayhosted a large number of national and regional law enforcement practitioners and financial experts in fighting the financing of terrorism CFT. During this month, the CPE Program comprised two sessions where two SIC staff members briefed their colleagues on each: FIU Powers, and the OECD report on Automatic Exchange of Information. At this conference, the SIC Secretary talked about money laundering offences, the SIC role and functions in fighting money laundering and terrorist financing, and international standards, to a number of university professors and students, and financial experts.

The SIC Secretary participated in the meeting of the sub-committee of the Parliamentarian Joint Committees designated to study the new amendments on the Anti-Money Laundering Lawalong with representatives of each the Ministry of Finance and Ministry of Justice, the Association of Banks in Lebanon ABLInternal Security Forces ISFand Banque du Liban Central Bank. He will take part in the future meetings a,l the said sub-committee to reaching ratification and endorsement of the newly introduced amendments to law The SIC Secretary along with two staff members, attended the 21st MENAFATF plenary and working groups meetings held in Muscat, Sultanate of Oman, during the period 26 to 30 April During this meeting, he spoke about the cross border banking and international cooperation, the FIU role, anti-money laundering challenges and recent enforcement actions.

In his capacity as the Egmont Group Task Team member, the SIC Secretary took part in the Task Team meeting held in Zoetermeer - the Netherlands, on March This workshop, conducted by a group of experts from international ,yc firms in audit and consultancy operating in Lebanon, aimed at discussing the recent challenges and amendments to the formerly known as the International Accounting Standards IAS what is known today as the International Financial Reporting Standards IFRS.

Compliance Unit CU attended, as members of the MENAFATF delegation, the FATF. One SIC staff member took part, as an assessor. One SIC staff member was a guest speaker at the. February 23, organized jointly by the EU Delegation. Foreign Affairs and Emigrants. In his presentation, he talked. A high level of local and EU law enforcement officers, CFT experts.

As part of the SIC Continuous Professional. The SIC Secretary headed the Lebanese delegation to the Egmont Committee and Working Group Meetings in Berlin, Germany. The delegation included the SIC Head of the Compliance Unit and two staff members. The SIC will serve as the Regional Representative for this region from January to June The SIC Secretary was a guest speaker and penalist.

Januaryin Dubai. Two SIC staff members and a. He explored, among other products, the latest in the. One SIC staff member was a guest speaker at a. In his presentation, he talked about the. Arab Bankers WUABUnion of Arab Banks UABFederation of Egyptian Banks. In his two presentations, he discussed the Risk Based Approach RBA. Among the speakers, one SIC staff member presented a case study on corruption. Nine SIC staff members attended this event among them four members were guest speakers who projected the Lebanese experience in fighting money laundering and terrorist financing.

The SIC Secretary was a guest speaker at the 3rd Arab Forum on Asset Recovery AFAR III organized by the Stolen Asset Recovery Initiative StAR in Geneva, Switzerland. The SIC Secretary was a guest speaker at a workshop on Mutual Legal Assistance and Misuse of Offshore Structures organized jointly by momey Basel International Centre for Asset Recovery ICAR -part of the Basel Institute on Governance, and the International Institute of Higher Studies in Criminal Sciences ISISCthat was held in Siracusa Italy between November.

A number of local, regional, and international financial experts coming from private and public sectors attended this event. This two-day event gathered a number of local and regional financial practitioners. The SIC Secretary along with two staff members, attended the 20th MENAFATF plenary and working groups meetings held in Manama, Kingdom of Bahrain from 18 to 20 November This event focused on the twinning project between the two authorities which entails modernized best practices to enhance the amml of the Customs clearing processes in line with the European standards.

Two SIC staff members attended the Regional Workshop on Management of Seized Assets, organized by the Guidelknes Nations Office on Drugs and Crime UNODC that took place on November 15 and 16 in Cairo. This al discussed the concept of management of seized assets, best practices, challenges and real cases. It gathered representatives from competent national authorities from Lebanon and Egypt, and international experts from the US, Mexico and Italy to share their experiences.

Muhammad Baasiri, Vice-Governor of Central Bank of Lebanon and Chairman of the Private Sector Dialogue Initiative PSDand Mr. Abdel-Hafiz Mansour, SIC Secretary, were guest speakers at the kyc aml cft guidelines for money changing activities US-MENA PSD Conference on Correspondent Banking that took place in New York on October This international event, organized by the Union of Arab Banks UABgathered a large number of regional and international high profile officers and AML compliance practitioners.

The SIC Secretary along with the Head of the Compliance Unit Mmoney attended, as members of the MENAFATF delegation, the FATF plenary and working groups meetings in Paris. Three SIC staff members attended this event, along with local and regional experts coming from the financial, judicial and law enforcement sectors. A large number of senior law enforcement officers and judicial experts among other high profile participants attended these two events. Muhammad Baasiri, Vice-Governor of Central Bank of Lebanon and Chairman of the AML National Committee, Mr.

Adel Al Qulish, MENAFATF Executive Secretary, and, Mr. Abdel-Hafiz Mansour, SIC Secretary, addressed the opening session with words foe shed light on this opportunity for the participating countries to learn more on the NRA process and exercise. Among international and regional speakers, the SIC Head of the Compliance Unit spoke about the Lebanese experience in NRA exercise. Participants from regional FIUs, regulatory and law enforcement authorities, and, six SIC staff members attended this event.

This event was attended by a number of regional and local high profile officers coming from the financial and banking sectors. As part of the SIC Continuous Professional Education program CPEone SIC staff member briefed his colleagues on the FATF report on the financial flows linked to the production and trafficking of Afghan opiates. The SIC Secretary along with the Head of the Compliance Unit CU attended, as members of the MENAFATF delegation, the FATF plenary and working group meetings that took place in Paris on June The SIC Secretary attended the opening ceremony of the Arab Economic Forum that was organized by Al-Iktissad Wal Aamal Group, moneey Beirut.

This two-day forum gathered a number of regional financial experts coming from the private and public sectors. The SIC Secretary along with one staff member, attended the 19th MENAFATF plenary and working groups meetings in Manama, Bahrain. In his presentation, he talked about the SIC role and functions, and addressed the different stages of a case guodelines.

He presented the SIC role, its functions, and, the national cooperation with the competent authorities in micro accounts forex 2016 to fighting corruption. The SIC Secretary headed the Lebanese delegation to the 22nd Egmont Group Plenary meeting in Lima, Peru. During the MOU signing ceremony, the SIC FIU of Lebanon signed three Memoranda of Understanding MOU with each of FIU of Fiji, Ukraine, and South Africa.

One SIC staff member was a guest speaker at the UNODC national workshop on kyc aml cft guidelines for money changing activities implementation of the provisions of the international legal framework against terrorism organized by the UNODC in Jordan between May This forum also defined major international and regional initiatives, especially the implementation of the Basel III package of regulatory reforms. This event, organized by Al-Iktissad Wal-Aamal Group in cooperation with the Central Bank of Lebanon Banque Du Liban and Central Bank of Iraq, aimed at discussing the potentials of banking sectors in both Iraq and Lebanon and ways to enhance the mutual banking relations.

A large number of regional high kyc aml cft guidelines for money changing activities banking officials and financial experts participated in this conference. The SIC Secretary attended the Ukraine Forum on Asset Recovery UFAR that was organized akl by the governments of Ukraine, United Kingdom UKand United States US on Aprilin London.

A number of international high profile practitioners, officials, and policy makers participated in this event. The President of the university along with a number of professors, students, and, zctivities experts, attended this event. One SIC staff member was a guest speaker at the UNODC national workshop on the implementation of the provisions of the international legal framework against terrorism that took place between Aprilin Egypt.

Guicelines event, organized jointly between the UNODC and Egyptian Ministry of Justice. This seminar discussed the international standards to fight corruption, best practices, and, regulations and implementations of transparency. He presented the SIC role and its functions as the financial intelligence unit of Lebanon in the fight against money laundering and terrorist guideljnes.

The SIC Secretary was a guest speaker at a seminar on the anti-money laundering and its challenges that took place in the Beirut Arab University BAUin Beirut. In his presentation, he talked about the Lebanese experience in AML, regulations and implementations, the role of the Financial Intelligence Unit FIUand, the local and international cooperation. Four SIC staff members were guest speakers at this event, attended by a large number of local experts in combating financial crimes, and, compliance, coming from the private and public sectors.

Two SIC staff members attended a five-day workshop on the Risk Based Approach for Financial Sector Supervisors RBA that was organized by the IMF in Kuwait. This seminar highlighted elements for policy development, risk-based supervisory tools needed, and risk-based onsite examinations. The SIC Secretary headed the Lebanese delegation to the Egmont Committee and Working Group Meetings in Budapest, Hungary. The delegation included the SIC Head of the Compliance Unit and a staff member.

During the MOU signing ceremony, the SIC FIU of Kyf signed two Memoranda of Understanding MOU with each of FIU of Sint Maarten, and, Burkina Faso. This event offered guidelines to enhance the effectiveness and efficiency of future asset recovery cases. Chamging conference, organized between the UAB, World Union of Arab Bankers, and, Association of Banks in Lebanon, was attended by a large number of local, regional and international financial experts.

The SIC Secretary along with one staff member, attended the 18th MENAFATF plenary guidekines working groups meetings in Bahrain. The SIC Secretary gave a keynote speech at the opening ceremony of a three-day regional conference on the latest developments in combating money laundering and terrorist financing, organized by the Union of Arab Banks UAB in collaboration with the SIC, in Beirut.

Also, six SIC staff members participated in this conference. The SIC Secretary along with the Head of the Compliance Unit CU attended, kyc aml cft guidelines for money changing activities members of the MENAFATF delegation, the FATF plenary and working group meetings in Paris. This event, designed for high-level financial policy experts and senior bank supervisors, was set to familiarize the participants with emerging financial sector issues and trends, supervision and risk assessment updates, and, various regulatory approaches and solutions.

He addressed a large number of financial experts, compliance and AML officers coming from the local banking sector, and employees of the Central Bank. Also, several SIC staff members attended this event among them three guest speakers projected the Lebanese experience kyc aml cft guidelines for money changing activities fighting money laundering and SIC role and functions.

A number of regional participants coming from the financial and banking sectors attended this seminar. One SIC staff member participated in a five-day seminar on combating money laundering that was organized by Deutsche Bundesbank in Frankfurt. In his speech, he discussed the compliance functions and implementation in the financial sector. This conference was attended by a number of leaders and experts from guidelies financial and banking sectors.

This workshop discussed how UN sanctions on North Korea are being implemented, financial measures, best practices, and, regional approaches to enforcement. A large number of international banking and financial experts coming from private and public sectors participated in this event. In their presentation, they tackled the Lebanese experience in managing seized and confiscated assets. This two-day event aimed at addressing the technical challenges encountered by countries in the tracing of assets.

Two SIC staff members conducted a training session at the Association of Banks in Lebanon ABL addressing a number of bank compliance officers and internal audit employees. The session covered sanitized case studies involving ML techniques. The SIC Secretary headed the Cfg delegation to the 21st Egmont Plenary and Working Group Meetings in Sun City, South Africa. This event is a part of a new program designed for financial intelligence unit personnel, compliance officers, financial and vor analysts tuidelines in the public sector.

The SIC Secretary along with the Head of the Compliance Unit attended, as members of the MENAFATF delegation, the FATF plenary and working group meetings in Oslo, Norway. In her presentation, the Gor Head of the FIAU tackled the Lebanese experience in assets recovery and changinf implementation of the UN Security Council resolutions according to the Lebanese regime.

This event, organized jointly between the Stolen Asset Recovery Initiative StAR guidelinees, the Egyptian Ministry of Justice, and, the Qatari Center for Rule of Law and Anti-Corruption, attracted a large number of financial investigators and analysts from the MENA region. A number of officials and financial experts coming from the MENA region participated in this event.

Two SIC staff members participated foe the MENAFATF Mutual Evaluation Group meeting that took place in Manama, Bahrain, between June This meeting approved a set of suggested changes to the MENAFATF mutual evaluation procedures. Several internal audit and IT cyber crimes and fraud officers al local banks attended this event. These meetings aimed at discussing the national anti-corruption policies and measures for the upcoming review of Lebanon under the UN Convention Against Corruption UNCAC.

Later this month, the SIC Secretary along with one staff member, attended the 17th MENAFATF plenary and working groups meetings in Khartoum, Sudan. They also participated as guest speakers where they presented the Lebanese experience in managing seized and confiscated assets. One SIC staff member along with representatives from the Lebanese Customs and Internal Security Forces attended a two-day regional workshop on the best kyc aml cft guidelines for money changing activities for combating bulk cash smuggling, cash couriers, and trade-based money laundering, organized jointly by the FIU of the Kingdom of Saudi Arabia, US Department of the Treasury, and US Department of Homeland Security.

This event, that took place in Riyadh, was attended by a number of specialists in combating cross border cash smuggling, money laundering, and terrorist financing. The SIC Secretary travelled to Abu Dhabi and Dubai for meetings with the representatives of Thomson Reuters to coordinate on an upcoming event on the International Governance and Compliance that may be taking place in Beirut later activites They also participated as guest speakers where they presented the Lebanese experience.

This course introduced best practices in managing seized and confiscated assets, regional cooperation, and, existing challenges and solutions. This event that took place in Tunisia, addressed the Risk Based Approach RBAonsite and offsite examinations, and, inspections. A number of financial experts from the MENA region participated in this workshop.

The SIC Secretary along with a staff member attended, as members of the MENAFATF delegation, the FATF plenary and working group meetings in Paris. The Guideliines Head of Compliance Unit was a guest speaker at a seminar on the role of the AML compliance unit at banks and financial institutions, organized jointly by the Union of Arab Banks UAB and the SIC, in Beirut.

One SIC staff member spoke about the Lebanese experience in the fight against money laundering and terrorism financing to a number of college students attending a one-day familiarization program on the functions and role of the Central Bank of Lebanon that was organized by the Training Department at the Central Bank. This event attended by a number of financial experts, comprised several panels on Basel III, Banking Profitability, and, Islamic Banking.

This report is available on the SIC Website. The SIC Secretary headed the Lebanese delegation to the Egmont Working Group and Committee Meetings in Ostend, Belgium. The delegation included the SIC Head of the Financial Investigation Administrative Unit FIAUand, the SIC Head of the Compliance Unit CU. The SIC Secretary participated in a meeting on amending the MENAFATF Memorandum of Understanding MOUorganized by MENAFATF between Januaryin Bahrain. The SIC Secretary gave a welcoming speech to a delegation from a MENAFATF member country at a three-day familiarization program organized by the Fct.

The first two days, the SIC staff members briefed the delegation on the Lebanese experience in the fight against money laundering and terrorist financing. And, the final day included a visit to the AML and Financial Crimes Bureau at the Lebanese Internal Security Forces Directorate. The SIC staff members organized a farewell gathering honoring their colleague who is leaving the SIC to take on a new post at the OECD institution.

Words of recognition were delivered acknowledging his efforts and achievements. The SIC Secretary along with one staff member, attended the 16th MENAFATF plenary meeting that took place in Marrakech, Morocco. The SIC member participated, as an assessor, in the discussions of the Mutual Evaluation Report of a MENAFATF member country that was later adopted at the plenary.

The SIC Secretary along with the Head of the Compliance Unit attended, as members of the MENAFATF delegation, the FATF plenary and working group meetings in Paris. Also, they participated in the Egmont Charter Review Project meeting that took place in TRACFIN. This conference took place at the Graduate Institute of Do backtesting metatrader 4 jordans and Development Studies and gathered a high number of international experts. One SIC staff member participated in a seminar on combating money laundering that was organized by Deutsche Bundesbank in Frankfurt between October 22 and One SIC staff member along with representatives from the Lebanese Customs and Law enforcement authorities attended a seminar on combating money laundering and financing of terrorism organized by the IMF in Kuwait.

A number of regional experts coming from the financial and banking sectors, and lyc enforcement authorities attended this seminar. Abdul Hafiz Mansour, SIC Secretary, wml an opening speech at a one-day symposium on the latest amended FATF recommendations. This event, organized by the SIC, took place at Banque du Liban premises at which Mr. A number of regional and local experts from the financial, law enforcement, and judicial sectors attended this event. One SIC staff member participated as a member of the Group, where discussions focused on countries progress reports.

Fod SIC Secretary signed, on behalf of the SIC Chairman Mr. The SIC Secretary gave a welcoming speech to a delegation from a MENAFATF member country at a one-day familiarization program organized by the SIC, where the SIC staff members briefed the delegation on the Lebanese experience in the fight against money laundering and terrorist financing. Two SIC staff members conducted training sessions at the Association of Banks in Lebanon ABL addressing a number of bank compliance officers and internal audit employees.

The SIC Secretary headed the Lebanese delegation to the Egmont Group plenary and working group meetings in St Petersburg, Russia. During the MOU signing ceremony, the SIC FIU of Lebanon signed three Memoranda of Understanding with each of FIU of Russia FFMSJapan JAFICand Philippines AMLC. For two consecutive months, two SIC staff members conducted training sessions at the Association of Banks in Lebanon ABL addressing a number of bank compliance officers and internal audit employees.

The Data and Investment Consult of Lebanon awarded each of, the Vice Governor of the Central Bank of Lebanon and Chairman of the AML National Committee, Dr. Muhammad Baasiri, for implementing Corporate Governance and Financial Regulations, and, the SIC Secretary, Mr. Abdul Hafiz Mansour, for implementing Anti-Money Laundering processes. The SIC Secretary along with the concerned Head of Units met with the Kimberley Process KP committee during the review visit that aimed at amml the KP implementation of Lebanon.

The SIC Head of the Financial Investigation Administrative Unit and one staff member attended the Kimberley Process KP intersessional conference held in Washington Kyc aml cft guidelines for money changing activities. The SIC Head of the Compliance Unit along with one staff member attended, as members of the MENAFATF delegation, the FATF plenary and working group monney, in Rome. The SIC Secretary gave an opening speech at a four-day regional workshop on Countering the Financing of Terrorism CFT in Beirut, organized by the Australian Federal Police AFP in collaboration with the SIC.

This workshop comprised case studies given by Australian and Lebanese CFT experts that actively engaged participants from the SIC, the Lebanese Internal Security Forces Directorate ISFthe Middle East North Africa FIUs and law enforcement agencies. It also comprised presentations that highlight the Lebanese and the Australian experiences in countering the financing of terrorism. Two SIC staff members conducted Anti Money Laundering training sessions at the Association of Banks in Lebanon ABL to a group of compliance officers and internal audit personnel of local banks.

The subjects included presentations on the Lebanese experience in the fight against money laundering and terrorist financing. Three SIC staff members conducted a one-day training session to a group of the Banking Control Commission BCC staff. The SIC Secretary attended the Arab Banking Seminar for year organized by the Union of Arab Banks between Aprilin Abu Dhabi. This event highlighted the economic and financial challenges in the Arab world. His presentation covered the amendments to the FATF recommendations and their impact on national legislations and competent authorities work.

Cftt event, held in Beirut, is kyc aml cft guidelines for money changing activities intensive training course on analysis techniques and risk assessment. Two SIC staff members participated as speakers in a training workshop organized by the Training Department of the Central Bank of Lebanon and dedicated to a delegation of financial and banking officers from several African countries. As part of the CPE program, one staff member briefed his colleagues on the new FATF recommendations.

Muhammad Baasiri, Banque du Liban Vice Governor, and Mr. Abdul Hafiz Mansour, SIC Secretary, travelled to the U. The SIC Secretary attended the FATF plenary and working group meetings, in Paris, as a member of guideilnes MENAFATF delegation. The SIC Head of IT and Security Unit visited TRACFIN French FIU and the Banque de France Central Bank of Francewhere the data collection schemes and the onsite control procedures were presented and discussed for better collaboration between both FIUs.

The SIC Secretary and three staff members attended the Egmont. January 30 and February 3, The SIC Secretariat and staff moved to a new premises next to Banque du Liban main building The Central Bank of Lebanon. One SIC staff member participated as a trainer in the technical assistance mission tailored to the needs of an FIU of a MENAFATF member country.

Prime Minister Najib Mikati. Participants included Lebanese ministers and regional business and economic leaders. The Secretary headed the Lebanese delegation to the MENAFATF 14th Plenary meeting held in Algeria. This event addressed the implementation of recommendations from previous Paris Pact Expert Group meetings and highlighted effective methods for data collection and information exchange. This event took place in Beirut on November This event, attended by a large number of MENA financial experts, took place in the Central Bank premises.

International experts in the related fields attended the event. Four SIC staff members participated as speakers in this event addressing the recent suggested amendments to the FATF 40 recommendations, compliance and recent regulatory developments in Lebanon, international and Lebanese frameworks, in addition to a case study. The SIC Head of the Financial Investigation Administrative Unit and two staff members attended this seminar. The SIC Head of the Compliance Unit along with one staff member participated in the Egmont Charter Review meeting that took place in France.

During the meeting aiming at discussing the MENAFATF draft report on drug trafficking and money laundering, one staff member presented two case studies. One SIC staff member attended a seminar on combating money laundering that was organized by Deutsche Bundesbank in Frankfurt between October 31 and November 4. One staff member participated in this event addressing the suggested amendments to the FATF 40 guidelinex to an audience of risk management experts, compliance and AML officers.

Two SIC staff members participated in a regional workshop that took place in Riyadh on Septemberaddressing the regional enforcement measures against money laundering, terrorist financing and transnational crimes. This event was jointly organized between the FIU of the Kingdom of Saudi Arabia, Ministry of Interior, and the Office of Technical Assistance of the U. Financial and law enforcement experts coming from the MENA region participated in this workshop. As part of the CPE program, one staff member briefed his colleagues on the latest suggested amendments to the FATF recommendations.

Two SIC staff members attended the Bank Management course, part of the Federal Reserve System training program, in Washington DC. This course was designed to enhance the analytical, decision-making, and leadership skills in the management of a bank. The SIC Secretary headed the Lebanese delegation to the 19th Egmont Group plenary that took place in Armenia between July This event addressed the international standards of internal audit and legislations issued by regulatory authorities.

The SIC Secretary attended, as a member of the MENAFATF delegation, the FATF plenary and working group meetings, in Mexico. One SIC Cara Pasang Stop Loss dan Target Profit di Forex Marketiva member was a guest speaker at a two-day AML training seminar organized by the Banking and Financial Institute, in Beirut. As part of guicelines CPE program, one staff member briefed his colleagues on an internationally well-known fraud case, projecting its complex swindles and sophisticated techniques.

Later this month, the SIC Secretary held meetings with Governor. The SIC Secretary headed the Lebanese delegation. The SIC organized a two-day technical assistance. Two SIC staff members participated in the meetings. As part of the CPE program, one staff member. Riad Acivities, Governor of Banque du Liban. Abdul Hafiz Mansour, SIC Secretary were guest speakers at an. This event was jointly. Among the participants who joined this conference, the SIC Head of the. Investigation Unit, who took part as a speaker and moderator.

Three SIC staff members attended a training. Department of Banque du Liban. His role was to assess the. Two SIC staff members attended the Egmont Group. Committee meetings and actively engaged in the activities of the Operational. Working Group OpWG and Outreach Working Group OWG meetings that took guidelined. Having previously participated in the MENAFATF. This meeting was held in the Kingdom of. Two SIC staff members attended a five-day.

Riad Salameh, Governor of the Central Bank, Dr. Baasiri, the Vice Governor, and Mr. Abdul Hafiz Mansour, SIC Secretary. The SIC Secretary attended the FATF plenary and working group. The SIC Secretary gave an opening speech at a. Retrieval System SIERSwhich is the in-house-built data base system that. One SIC staff member was a guest speaker at the ACAMS.

Two SIC staff members participated in the Basel. III Forum that was organized in Beirut by the Union of Arab Banks in. Muhammad Baasiri, Banque du. Liban Vice Governor, and SIC Kuc travelled to the U. The SIC organized, at its premises, a one-day. The Xft adopted this circular in. February in order to enhance the information exchange and the use of time. One SIC staff member participated in the FATF. As part of the CPE program, one staff member.

One SIC staff member participated, as aconsultant, in an IMF diagnostic mission to a MENA country. Two staff members briefed their. As part of the CPE program, two. The SIC hosted a delegation from. During meetings, both parties tackled a number of. Understanding MOU that was signed earlier this year. During this event, the three countries agreed to sign a series of agreementsthat would facilitate information exchange between the central banks in thethree nations in addition to easing regulations on financial flows.

The SIC Secretary attended the Joint FATF-Egmont Group Experts meeting on Money. In the margins of the said plenary, the Head of the. AIU attended the 2nd meeting of the MENAFATF FIUs forum, and the. Three staff members attended a training course. In the course of providing technical assistance. One staff member will participate, as a. One staff member participated in the FATF. Two staff members went on a training on-site.

One staff member participated as a speaker in a regional. In collaboration with the SIC, the Middle East. Secretary gave a welcome speech at the opening ceremony that was attended by. The SIC Khc of the. Financial Investigation Administrative Unit along with thirteen staff members participated. The SIC Secretary attended a. Banque du Liban Training Department and the Middle-East Technical Assistance. Center METAC of the International Monetary Fund.

This event, attended by. The SIC Secretary attended a regional. French Embassy in Qatar. A large number of international and regional. The SIC Secretary headed the. Actjvities delegation to the Egmont Group plenary that took place in Chisinau, Moldova. The delegation included the SIC Head of the Compliance Unit and Head of the IT.

The SIC Secretary attended the. The SIC Secretary attended the 28th Cambridge International Symposium on Economic Crime, in the UK. This event was jointly organized by Basel Fuleihan Institute, Lebanese Tax Association, and the Arab Organization for Certified Public Accountants. The SIC, in cooperation with the French Embassy, organized a two-day regional conference on financial crimes at the Training Institute of the Central Bank of Lebanon.

Participants from Police, Judicial and FIU authorities from Lebanon, Syria, Jordan and Turkey attended this event. Mohammad Baasiri, Head of the AML National Committee, Mr. The SIC Head of the Compliance Unit was invited as a guest speaker at the ACAMS guideines U. He addressed an audience of around one thousand professionals from 35 countries on the Egmont Group, international co-operation among FIUs and FATF-style regional bodies.

Two SIC staff members participated in the FATF Expert Group Meetings to discuss FATF recommendations, those meetings were held in Washington D. This workshop was jointly organized by the U. Department of the Treasury, Office of Technical Assistance OTA and the Jordanian FIU. Experts from the MENA region participated in this event. As part of the CPE program, one SIC staff.

The SIC Secretary, Mr. In the course of providingtechnical assistance, the SIC hosted an FIU delegation from a MENAFATF membercountry. The SIC Head of Compliance Unit and one of the. This visit is one of future visits to come and falls under the technical. This training program, held in Beirut. These courses include hands-oncomputer work on the use and benefits of this analytical tool.

One SIC staff member took. Two SIC staff members conducted several training. Muhammad Baasiri, Banque du Liban Vice-Governor, Mr. Abdul Hafiz Mansour, SIC Secretary, along with the SIC Head of the Compliance Unit attended the Egmont Group plenary that took place between June 27 and July kyc aml cft guidelines for money changing activities in Cartagena de Indias, Colombia.

In the margins of the said plenary, the FIUs of Lebanon and Kingdom of Saudi Arabia signed a memorandum of understanding. The mutual evaluation report of the concerned country was discussed and adopted at the said plenary. Participants coming from various sectors were exposed to the international developments and national perspectives.

Abdul Hafiz Mansour was appointed as SIC Secretary and is. Muhammad Baasiri introduced Mr. Baasiri headed the Lebanese delegation comprising three SIC. Tunisia between May 3 and 5. Supervision held on May 6 and 7, where one staff member participated as a. Another staff member attended the face-to-face meeting to discuss the. Other meetings such as the first FIUs Forum and the. Technical Assistance and Typologies Working Group meetings kyc aml cft guidelines for money changing activities also attended.

Baasiri signed, on behalf of the SIC Chairman Mr. The Qatari delegation best forex broker in philippines snow headed by H. Discussions focused on several. Muhammad Baasiri travelled to. SIC Head of the Financial Investigation Administrative Unit attended a seminar activitties. SIC staff member participated as an assessor in the face-to-face meetings, held. This report will be discussed at mlney upcoming MENAFATF plenary in.

This event, held in Beirut, was organized by. One SIC staff member participated in the FATF Global. Threat Assessment project meetings that took place in Paris, France. The SIC designated one of its staff to attend the FATF's Working Group on Evaluations and Implementation meeting that was held in Strasbourg, France. This group is tasked with reviewing a number of standards and issues within the framework of the preparation for the 4th round of evaluations to be conducted by the FATF starting Two staff members attended a course in Accounting and Finance for Non-Specialists organized by the Banque du Liban Training Department.

One staff member attended the official inauguration of a MENA FIU. This month CPE program included a presentation on the FATF International Cooperation Review Group ICRG process. SIC staff attended this session. Riad Salameh gave an opening speech at a two-day forum in Beirut on? Governance, Risk and Compliance Management activjties Business and Financial Sectors?.

Muhammad Baasiri also attended this event and gave a keynote speech addressing Corporate Governance standards and regulations. The delegation comprised the Head of the Financial Investigation Administrative Unit Kyc aml cft guidelines for money changing activities and two staff members. Baasiri gave an opening speech at the? This event was dedicated to four MENAFATF member countries scheduled to undertake an assessment in the near future. One staff member participated as a speaker at a workshop on Compliance, Anti-Money Laundering AML and Combating Terrorist Financing CTF in Doha, organized jointly by the Qatari FIU and Qatar National Bank QNB.

In her presentation, she addressed compliance AML procedures versus STRs reporting to a number of Qatari compliance officers. Two staff members attended a five-day seminar on the? This event, organized jointly by the Federal Reserve System, Central Bank of Egypt and MENA Financial Regulators Training Initiative, delivered a training course designed for non-IT examiners to be familiar with risks and exposures associated with electronic banking and technology supervision.

This report is available on the SIC website. Baasiri visited Qatar, Oman and the United Arab Emirates and met with the Governor of each Central Bank to discuss matters of mutual interests. Baasiri was a guest speaker at? The president of the Union of Arab Banks and bankers from Turkey, Syria, Lebanon and the region also attended this event. One SIC staff member attended a seminar in Beirut on? The Fight Against Financial Delinquency? This event was organized jointly by the chanfing Institute and the French Embassy and attended by international and local representatives from the financial, law enforcement and judicial flr.

His presentation highlighted guide,ines sanitized cases. Muhammad Baasiri cfy to meet with representatives from the Central Bank of Brazil and COAF Brazilian FIU. Matters of mutual interests were on the agenda. Baasiri visited Syria and met with the Governor of its Central Bank and both his Deputy and the FIU Secretary. Guidellines of mutual interests were discussed and follow up on such matters were scheduled. One SIC staff member attended a seminar on?

Strengthening Cooperation to Investigate and Prosecute Corruption and Financial Crimes in the MENA region? This event was organized jointly by the World Bank and UNDP and was attended by a large number of experts from the MENA region. One SIC staff member participated as an assessor in a MENAFATF Mutual Dft mission to a MENA Country. This month CPE program included a presentation by a staff member on the Japanese Mafia?

Lebanon hosted the MENAFATF 10th Plenary meeting in Beirut between Nov 8 and 12 where representatives of MENAFATF member countries, changlng countries and organizations gathered to participate in this event. Muhammad Baasiri headed the Lebanese delegation to the Plenary which had on its agenda the discussion of the Mutual Evaluation Report on Lebanon.

Among other things, the Kyx also adopted MENAFATF? It also approved holding a joint meeting with the FATF in February and the establishment of a forum for Financial Intelligence Units FIUs that aims at enhancing the exchange of intelligence, expertise and communication channels between the MENA FIUs. In recognition of technical assistance efforts awarded to MENA FIUs, Dr. Baasiri was honored at a seminar on the? The SIC in collaboration with the Australian Attorney General? Baasiri inaugurated this event by giving an opening speech.

This workshop included case studies given by Australian and Lebanese CFT experts that actively engaged participants from the SIC, the Banking Control Commission of Lebanon, the General Prosecutor? It also comprised several presentations that brought to light the Lebanese and the Australian experiences in Countering the Financing of Terrorism. This workshop is part of an on-going program designed to further enhance the capabilities and expertise of Lebanese competent authorities in the CFT field.

One SIC staff member attended the Financial Action Task Force FATF and the Caribbean Financial Action Task Force CFATF joint typology kyf that took place in the Cayman Islands between November 18 - 20, On the margins of this event, he also participated in the meetings relating to the FATF Global Threat Assessment GTA project. The Financial Crisis: Experiences from Emerging Economies? This event, attended by one SIC staff member, aimed at familiarizing participants with emerging financial sector issues and trends.

Baasiri also met with officials from the U. Assessing the New Basel Committee Suggestions? Baasiri spoke about the financial crisis, Lebanon? This event was jointly organized between the Union of Arab Banks, the World Union of Arab Bankers and the Union of Banks in Turkey. Two SIC staff members conducted several training sessions at the Association of Banks in Lebanon ABL addressing a number of bank compliance officers and internal audit employees. These sessions covered sanitized case studies involving ML techniques.

This month CPE session included a presentation by a staff member on the? During this month, the SIC Head of Financial Investigation Administrative Unit addressed a number of university students enrolled in the internship program at Banque du Liban and conducted a presentation on Lebanon? During this month, the SIC Head of the Financial Investigation Administrative Unit conducted a presentation titled?

One staff member briefed his colleagues on a seminar he attended in France titled? The Fight Against Financial Delinquency in France?. Muhammad Baasiri visited the MENAFATF Secretariat in Bahrain to discuss future events, including the upcoming Plenary scheduled to take place in Beirut this coming November. In the margin of a visit to the Central Bank of a MENAFATF member country, Dr.

Muhammad Baasiri also met with FIU officials and discussed technical assistance needs. The SIC Head of the Financial Investigation Administrative Unit conducted a presentation titled? Another SIC staff member participated in the said event as a speaker and mutual evaluation expert. The SIC designated one of its staff to join the MENAFATF delegation that attended the 3rd FATF plenary meeting held in Lyon, France between June 22 and 26, In the margin of the said plenary, and in his capacity as a MENAFATF representative he also attended acfivities meetings of the FATF Global Threat Assessment GTA project.

Activitues staff attended a seminar on? Corporate Governance in the Banking Sector?. The seminar was organized by Banque du Liban? This month CPE program included a presentation by a staff member trading station ii 96 300 the UNODC World Bank-Stolen Asset Recovery SAR initiative. Several SIC staff attended this session. Muhammad Baasiri headed the Lebanese delegation to the MENAFATF 9th plenary meeting that took place in Bahrain.

The delegation included the SIC Head of Financial Investigation Administrative Unit and two staff members. Baasiri headed the Lebanese delegation to the Egmont Group plenary that took place in Qatar. Two SIC staff members attended a seminar titled:? The Fight Against Financial Delinquency and Money Laundering? Bank Fraud Detection Workshop? The SIC Secretary gave an opening cjanging at a regional training course on Financial Analysis Techniques that was organized jointly between the SIC, MENAFATF and the OTA Office of Technical Assistance of the U.

Upon his appointment as 3rd Vice-Governor of The Central Bank, SIC Staff organized a get-together lunch honoring the SIC Secretary for his outstanding dedication and commitment in the establishment and development of the SIC since its inception in The SIC Secretary received a custom-made recognition plaque in acknowledgment of his accomplishments. This event was organized by the?

KSA Institute of Banking? Two SIC staff members were delegated as MENAFATF representatives to participate in the FATF Assessor Training Workshop that took place in Paris at the OECD Headquarters. This event was attended by FATF members? As part of the ongoing training program to enhance the professional standing of the SIC Staff, two staff members participated in an onsite BSA examination of a US national bank as part of mpney FDIC examination team.

One staff member took part in a MENAFATF mutual evaluation exercise of a MENAFATF member. This event was organized by the Kyc aml cft guidelines for money changing activities in collaboration with the UNODC, World Bank, MENAFATF and SIC. Two SIC analysts projected two case studies on how to analyze Suspicious Transaction Reports STR.

The SIC Secretary attended the FATF Plenary that took place in Paris as a member of MENAFATF delegation. As part of its on-going efforts to spread awareness in the business community, the SIC issued a Guidance to assist Institutions not Subjected to Banking Secrecy to meet their reporting obligations. This guidance is available ctf the SIC website under?

The SIC volunteered a staff member to MENAFATF to take part in the FATF Global Threat Assessment GTA project team. This project was launched in and is expected to release its first assessment report as early as A team of MENAFATF examiners made the on-site visit to Lebanon as part of MENAFATF Mutual Evaluation of Lebanon. The CPE program hosted a discussion of the? The Association of Certified Anti-Money Laundering Specialists ACAMS awarded the SIC Secretary the?

ACAMS MENA Achievements Award? This award recognizes the most outstanding professional in the AML field during the past year in the MENA region. Worthy nominees are AML professionals who have made the strongest contributions to the field with clear, quantitative results that have made a significant, kc impact on the industry. Three SIC staff members also attended this event among them a legal expert who conducted two presentations on the? International Regulatory Standards fuidelines.

Extracting and Applying Lessons Learned from Recent Terrorist Financing Cases?. In his capacity as a guidelinees of the consultative group of the MENA Financial Regulators? Training Initiative, the SIC Secretary attended the Sixth Consultative Group Members? The SIC Secretary participated in the discussion of the initiative? The SIC Head of Financial Investigation Administrative Unit attended an international seminar titled?

The SIC Head of the Compliance Unit joined a representative of another Egmont FIU in an on-site visit of a MENA country to evaluate the operational status of its FIU, which is expected to join the Egmont Group in the near future. The SIC and the other Egmont FIU are co-sponsors. This month CPE program witnessed a presentation by a staff member on the? The SIC Secretary was a guest speaker at a seminar titled? AL Bank Wal Mustathmer Group? The SIC Secretary was a guest speaker at a seminar organized jointly between the United Nations Development Program UNDP and the Lebanese Ministry of Justice titled?

This event took place in Beirut and was attended by a number of national judges. This kycc was organized jointly between the SIC and the Money Dealers Syndicate. The workshop projected a sanitized case study and discussed related preventive measures. This month CPE program hosted a discussion of the? FATF Mutual Evaluation Report of China? The SIC Secretary attended? The aim of this meeting was to bring professionals and policy makers together to discuss the ongoing research work conducted by typologies research teams and to enhance the relationship between the FATF and FSRBs.

The SIC Secretary headed the Lebanese delegation to the MENFATF 8th Plenary that took place in Fujairah-UAE, where member countries, among activitifs things, decided the admission of Libya as a full member and the World Customs Organization as an observer. Immediately following this Plenary, MENAFATF held a two-day workshop where two SIC senior analysts presented and discussed several sanitized case studies. Two SIC senior analysts conducted two training sessions at the Association of Banks in Lebanon ABL to a group of compliance officers and internal auditors of banks.

The Lebanese Parliament approved a new law numbered 32 actigities giving the SIC the power of lifting bank secrecy and freezing bank accounts in corruption related cases. In his capacity as Chairman of the US-MENA Private Sector Dialogue PSDthe SIC Secretary participated in "The 4th US-MENA PSD conference" that was held in Washington, D. Many MENA CEOs attended the said conference. Late this month, the SIC Head of Compliance Unit took part in the Egmont Outreach Working Group meeting that took place in Toronto-Canada.

He discussed the role of the FIU and information exchange through several sanitized case studies. The participants were representatives of several African FIUs. The CPE program witnessed a presentation by a staff member on the "Decoupled Debit Cards" and its potential money laundering risks. Vhanging SIC Head of Financial Investigation Administrative Unit conducted a presentation titled? One SIC staff member underwent a training program titled "The Financial Crimes Training Course" organized by the UK Police Academy, in London.

Some of the Lebanese Internal Security Forces and Ministry of Justice staff took part in this program. Two SIC senior analysts conducted a training session at the Association of Banks in Lebanon ABL to a group of compliance officers and internal audit personnel of local banks. The CPE program witnessed a presentation by a staff member on the PEPs Politically Exposed Persons.

The SIC Head of Audit and Investigation Unit AIU attended the 4th MENA Compliance Officers Forum titled? Best Practices for Compliance with The New International Regulations? This event was attended by regional compliance officers of banks. The AIU head provided some practical examples on how commercial transactions are exploited to launder money. This month CPE program witnessed a presentation by a staff member on the FATF papers on DNFBPs Risk-Based Approach.

The retiring fellow SIC member was actively engaged in the establishment and development of the SIC since its inception in As part of the SIC on-going process of providing technical assistance to regional countries, one SIC senior staff member conducted a training session covering on-site compliance examination procedures as part of a training program launched two months ago to the FIU of the concerned MENAFATF member country.

One SIC staff member attended? The Anti-Money Laundering Examination Seminar? Initiative and Financial Services Volunteer Corps FSVCthat took place in Casablanca, Morocco. This event was attended by U. S and MENA financial experts who were exposed on ways of enhancing capacities in AML related aspects of banking supervision. The SIC Secretary along with the SIC Head of Financial Investigation Administrative Unit FIAU attended The International Arab Banking Summit Euro?

Arab Banking Dialogueorganized jointly between the Union of Arab Banks, the Federation Chagning Francaise and World Union of Arab Bankers, in Paris-France. In his presentation, the SIC Secretary discussed? This summit focused on shaping some ideas about banking developments, current global financial crisis, risk mitigation plans, and new areas of partnering which could put the Arab and international economies, businesses, and financial institutions on the right track towards sustainable growth and prosperity.

The SIC Secretary was a guest of honor at a seminar titled? The Recent FATF Regulations on Risk Based Approach RBA? This event was attended by compliance officers and regulators from the MENA region. The Guidelimes Secretary was a guest speaker at the "Banking Compliance Procedures Workshop" organized jointly between the Union of Arab Banks and the Central Bank of Jordan, in Amman-Jordan. The Secretary discussed the? This event was attended by compliance officers from the MENA region.

Participants also attended a workshop where real cases were projected to them. Four SIC staff went to the US on a training mission where they attended the Federal Financial Institutions Examination Council? Their training program also included a four-day visit to the Federal Reserve System foor they attended the? This month Mobey program witnessed a presentation by a staff member on?

The SIC Secretary participated as a guest speaker at the "Arab Dor Group Regulatory Compliance Summit " organized by the Arab Bank Group Regulatory Compliance GRC in Amman-Jordan. Later this month, the SIC Secretary headed the Lebanese delegation of two senior SIC staff members to the Egmont Group 16th Plenary meeting held in Seoul, Korea. As part of the SIC on-going process of providing technical assistance to regional countries, the SIC Head of Financial Investigation Administrative Unit conducted for two days the first part of a training program.

This month CPE program witnessed a presentation by a staff member briefing his colleagues on the FATF report on "The Misuse of Corporate Vehicles, including Trust and Company Service Providers". The SIC Secretary headed the Lebanese delegation to the MENAFATF Seventh Plenary that took place in Abu Dhabi-UAE, where member countries and observers, among other things, adopted the Mutual Evaluation reports guirelines three MENA countries, and decided the next plenary to take place between November at the UAE.

The SIC Secretary travelled to the US on a trip to meet with representatives of the US Treasury, FinCEN, Federal Reserve Board joney the Department of the State. Two SIC staff members attended a seminar on the "Interdiction and Investigation of Bulk Cash Smuggling" organized jointly between the U. S Immigration and Customs Enforcement, and guieelines U. Customs and Border Protection, in Amman-Jordan. This event focused on bulk cash smuggling and ways on enhancing MENA countries mechanisms dedicated in the fight against Money Laundering and Terrorist Financing.

This seminar was attended mostly by legal experts and customs officials from the MENA region. Two SIC staff wml attended a regional training program titled:? Participants were international and regional financial experts. In collaboration with the UK National Terrorist Financial Investigation Unit NTFIUthe SIC hosted a three-day seminar on Countering the Financing of Terrorism CFT at which the SIC Secretary gave an opening speech.

Three experts from the NTFIU projected real cases to participants from the SIC, General Prosecutor Office, Police and Customs. The SIC Secretary attended the Second Plenary meeting of FATF-XIX that was held at the OECD? The SIC Secretary represented Lebanon as part of the MENAFATF delegation after MENFATF guidelinrs awarded the fourth associate member of the FATF in June Another senior SIC staff member also participated in this event by giving a presentation covering the SIC experience.

The newly established "National Committee on Suppressing Terrorism Financing" held its first meeting and discussed the importance of enhancing coordination among the concerned authorities to counter the financing of terrorism. He explored the latest products and best practices in the Banking Technology sector. This event brought together financial technology leaders and banking officials coming from the Middle East and South Asia.

One SIC staff member participated in the MENAFATF DNFBPs and PEPs workshops organized jointly between the MENAFATF and the Algerian FIU Le Conseil de la Cellule de Traitment du Renseignement Financier in Algiers, Algeria. These workshops aim at identifying best practices in relation to both areas based on the experiences of MENAFATF member countries and observer countries and organizations. Under the CPE program The Continuous Professional Education :.

One SIC staff member gave a presentation to the SIC staff on "The Vulnerabilities of AML Systems in Mergers and Acquisitions". In an eventful match, the SIC soccer team beat Banque du Liban? Training Initiative, the SIC Secretary attended the Fifth Consultative Group Members? This event was set for the benefit of senior supervisory officials from the Arab world, tackling risk assessment and risk-focused supervisory issues.

The SIC is in the process of finalizing its Annual Report of year A copy of this report will be available soon on the SIC website. One SIC staff member gave a presentation to the SIC staff on "The Trade-Based Money Laundering". The SIC Head of Financial Investigation Administrative Unit and a senior staff member attended the said conference where the SIC Head of FIAU spoke about? The Lebanese Experience in Trade-Based Money Laundering?

The secretary spoke about the? Lessons learned in Identifying and Blocking Terrorist Financing?. He also participated as moderator in two cftt, the first on? Improving Your Money Laundering Defenses by Effective Leveraging of Technology? Best Practices for Managing Customers, Operational and Product Risks?. This conference was attended by one SIC senior staff member and a number of international and regional experts. In his presentation, the SIC expert talked about?

The SIC and International Cooperation? The SIC Secretary headed the Lebanese delegation guidellnes the MENAFATF Sixth Plenary that took place in Damascus-Syria, where member countries and observers, among other things, adopted the mutual evaluation report of Algeria. The next MENAFATF plenary will take place in April in the UAE. The SIC Secretary was a guest speaker at a one-day seminar organized jointly between the SIC and The Beirut Actviities Association, where he spoke about "The Lawyer?

One SIC legal expert also attended the said seminar. Later this month, the SIC Head of the Financial Investigation Administrative Unit was a guest speaker at a seminar titled? The Corporate Governance in the Banking Sector-Transition from Basel I to Basel II?. This event was organized jointly between the Central Bank of Syria and "Al Bank Wal Mustathmer" magazine and took place in Damascus-Syria.

In his presentation, the SIC Head of FIAU mkney about? The SIC Head of The Compliance Unit headed a Lebanese delegation of three SIC staff members to attend the "Training the Assessors" regional workshop that was organized jointly by the FIU of Qatar, the World Bank, the IMF and the MENAFATF, in Doha-Qatar.

The said workshop addressed several issues including mechanisms of evaluating a country? Under the CPE program The Continuous Professional Education :? One SIC staff member briefed the SIC staff on the Terrorist Financing Report prepared by the FATF's Working Group on Typologies. Kyyc his capacity as Hcanging of joney US-MENA Private Sector Dialogue PSDthe SIC Secretary was a guest speaker at a regional seminar organized jointly between the Federal Reserve System, the Association of Supervisors of Banks of the Americas ASBA and the Central Bank of Brazil in Rio de Janeiro.

The Secretary addressed senior central bank officials from the Western Hemisphere where he spoke about? The staff member conducted two presentations on STR analysis and dissemination, and, cooperation between Financial Intelligence Units FIUs and law enforcement authorities. Some of the ideas addressed practical issues relating to quality of STRs, operational and strategic analysis, access to information, types of information sources, building a case, charting, statistics, typologies, and the importance of cooperation and coordination with law enforcement agencies.

Most of the participants were from countries that are just starting up their FIUs, but there were also a few participants from countries that already have operational FIUs. Later this month, Banque du Liban the Central Bank of Lebanon issued a Basic Circular addressed to Banks, Financial Institutions, Financial Intermediation Institutions, Leasing Companies, Exchange Institutions, and the Public, in which it defines and regulates the? A copy of this circular is now available on www. The SIC Secretary discussed?

This workshop focused on? The Universal Framework against Terrorism and Money Laundering and The Financing of Terrorism?. Representatives of the Lebanese Competent Authorities were actively engaged in the work of this event including Banque du Liban, The SIC, the Banking Control Commission, the Ministry of The Interior, the General Prosecutor office, the Internal Security Forces, the Customs and the General Security Directorate. Later this month, The Cabinet decided to establish a fod committee regarding the combating of the Financing of Terrorism.

This Committee will be chaired by the Ministry of The Interior and will comprise representatives of several government agencies as members, including the Central Bank and the SIC. Early this month, the SIC Secretary delivered a keynote speech at the opening of a seminar organized jointly between the Union of Arab Banks UAB and the Central Bank of Syria, and titled? This event was attended by a number of regional and international experts from across the financial sector.

This event was organized jointly between the Legal Department of the IMF and the Egmont Group, and attended by IT and Analysts from eastern European FIUs. Two SIC staff chnaging passed the Certified AML Specialist CAMS exam of the Association of Certified Anti-Money Laundering Specialists ACAMS that took place last June in New York-USA, thus raising the number of staff holding this certificate to 9 out of 28 professionals.

Early this month, the SIC Secretary delivered a keynote speech at the opening of a seminar organized jointly between the SIC and the Banking Control Commission titled? Overview of Anti-Money Laundering and Combating the Financing of Terrorism Standards?. This event was attended by the Banking Control Commission staff members and officials. The MENA Compliance Officers Forum? In his presentation, he discussed the relationship between banks? This event was attended by officials and international experts from across the financial sector.

Two SIC experts took part in the MENAFATF ad-hoc committees in charge of issuing best practice papers on Designated Non-Financial Businesses and Professions DNFBPs and Politically Exposed Persons PEPsin Damascus-Syria. This event was organized jointly between the MENAFATF and the Central Bank of Syria where member countries? Two SIC staff members gave a presentation to the SIC staff, discussing the FATF paper on the?

Two SIC staff members briefed the SIC staff of their participation in the on-site examination of a national bank in the US undertaken by the OCC the US Office of the Comptroller of the Currency. This training is sponsored by the MENA Financial Regulators Training Initiative. The SIC Secretary joined the SIC Chairman the Central Bank Governorthe National Committee Chairman the Vice-Governorthe Australian Federal Police Commissioner, the Ambassador of the Australian Embassy in Lebanon and officials, to a small ceremony at Banque du Liban, celebrating the SIC and Australia sharing the outcome of the confiscated proceeds of crime of a money-laundering case in which the two sides collaborated together in a joint investigation.

The Australian Federal Police Commissioner presented a check to the SIC Chairman as acknowledgment of the SIC role in the said investigation. Early this month, the SIC Secretary headed the Lebanese delegation of two SIC higher staff members to the Egmont Group 15th Plenary meeting held in Hamilton-Bermuda. The SIC Secretary along kyv a senior forex broker usa vs spain member participated in the?

The Secretary gave a speech titled? This event was attended by a number of officials and international experts from across the financial sector. In his capacity as Chairman of the US-MENA Private Sector Dialogue PSDthe SIC Secretary was a guest speaker at the annual International Arab Banking Summit entitled? This summit was organized jointly between the Union of Arab Banks, the World Union of Arab Bankers WUABthe European Banking Federation EBF and the International Bankers Forum IBF.

In his presentation, the Secretary discussed the? In its efforts to raise awareness, two SIC senior analysts conducted a training session at the Association of Banks in Lebanon ABL to a group of compliance officers and internal audit personnel of local banks. Two SIC examiners participated in an on-site examination of a national bank in the US undertaken by the OCC the US Office of the Comptroller of the Currency. This is part of the Financial Regulators Training Initiative.

PDF Chapter Vii Currency Risk Management Options SIC staff member gave a presentation to the SIC staff, discussing? One SIC staff member briefed the SIC staff of his participation in the workshop that was organized jointly between the UNODC, the Central Bank of Egypt and the Egyptian Banking Institute that took place in Cairo last October. Two SIC staff members gave a presentation to the SIC staff, discussing?

As Chairman of the US-MENA Private Sector Dialogue Guivelinesthe SIC Secretary was a guest speaker at a regional conference on? Leadership and Corporate Governance? The Secretary spoke about the regional initiatives; MENAFATF, the US-MENA PSD and the Financial Regulators Training Initiative which is part of the Middle East Partnership Economic Initiative MEPEI. Participants were international and regional senior banking officials.

Two SIC examiners attended the Federal Financial Institutions Examination Council Seminar on "Financial crimes" that was held in Arlington Virginia-USA. This seminar comprised case studies on money laundering, fraudulent schemes and insider abuses. Speakers came from FINCEN, US. Department of Justice, US. Customs and various regulatory agencies. The SIC Secretary headed the Lebanese delegation to the MENAFATF Fifth Plenary that took place in the Dead Sea in Jordan, where member countries and observers, among other things, adopted the Mutual Evaluation report of a MENA country, approved the admission of APG as an observer on a reciprocal basis, established two committees to produce?

In its efforts to raise awareness, two SIC senior analysts conducted training sessions at the Association of Banks in Lebanon ABL to a group of compliance officers and internal audit personnel of local banks. The subjects included a workshop and presentations on the Lebanese experience in the fight against money laundering guidelihes terrorist financing. Three SIC senior analysts conducted a five-day workshop organized jointly between the SIC and the Lebanese Customs, aiming at exposing customs?

Two SIC mobey briefed guidelunes SIC staff of their participation in the on-site examination of a national bank in the US undertaken by the OCC the US Office of the Comptroller of the Currency. As Chairman of the US-MENA Private Sector Dialogue PSDthe SIC Secretary was a guest speaker at the 4th International Hawala Conference in Abu Dhabi-UAE where he spoke about the PSD, a activitiees initiative that aims at bridging cultural differences between US and MENA banks in the fight against money laundering and terrorist financing.

This event was organized by the Central Bank of the UAE and attended by local, regional and activitiex representatives from the private and public sectors. The SIC Secretary paid a fog to Spain where he met with the Spanish FIU SEPBLAC Director and his assistant who heads the Egmont Outreach Working Group OWG. The discussions of the meeting focused on the cooperation between the SIC and SEPBLAC and updates of the OWG.

Under the CPE program The Continuous Professional Educationone SIC legal analyst gave a presentation to the SIC staff, actibities the diverse facets of the mutual evaluation program undertaken by the FATF, FSRBs, IMF and WB. Combating of Money Laundering and the Financing of Terrorism in the Financial Sector? As Chairman of the US-MENA Private Sector Dialogue PSDthe SIC Secretary met with members of the PSD steering committee, at the U. Department of the Treasury in Washington, to formulate and discuss this year?

Representatives from the Union of Arab Banks UABthe American Bankers Association ABAthe Arab Bankers Association of North America ABANA and other financial experts attended this meeting. Heads of two units along with one SIC staff member were guest speakers at a seminar titled? This seminar aimed at raising public awareness. One SIC legal analyst joined a team of experts in the IMF Financial Sector Assessment Program FSAP of a MENA country.

Seven SIC staff members attended a seminar titled? This event discussed the implementation and long-term impact of Basel II on the financial and economic sector. One SIC staff member passed the Certified AML Specialist CAMS exam of the Association of Certified Anti-Money Laundering Specialists ACAMS that took place last December in Dubai-UAE, thus raising the number of staff holding this certificate to six.

In his capacity as a member of the consultative group of the MENA financial Regulators? Training Initiative, the SIC Secretary was invited to the Fourth Consultative Group Members? The SIC Secretary participated in the discussion on the activities of the Initiative and its future outlook. The SIC Head of the Financial Investigation Administrative Unit briefed the SIC staff of his trip to Canada where he visited the Canadian FIU FINTRAC.

In his presentation, he discussed the FinTRAC approach in the fight against money laundering focusing on similarity with the SIC as well as singularity of both FIUs. One SIC staff member was a guest speaker at a seminar on? The SIC staff briefed the attendees about Lebanon? One SIC legal expert participated in the Kuwait Transparency Conference, organized by the Kuwait Transparency Society in coordination with Transparency International TI and held in Kuwait.

This event gyidelines on the efforts of international mony vis-a-vis combating corruption. The SIC expert spoke about? The Anti Corruption Staff-The Protective Shield against Financial Corruption? Prominent members of Kuwait's political and business communities also attended this event. In his capacity as Chairman of the US-MENA Private Sector Dialogue PSDthe SIC Secretary delivered a keynote speech at the second PSD conference that took place at the New York Federal Reserve Bank between the 11th and 13th of December.

The Secretary presented the background of this initiative, and outlined the parameters of the future outlook of the PSD. Department of the Treasury. One SIC staff member sat for the Certified AML Specialist CAMS exam of the Association of Certified Anti-Money Laundering Specialists ACAMS that took place in Dubai-UAE. This Plenary discussed for the first time mutual evaluation reports of three member countries, one activitiew which was prepared amml a group gudielines experts from the MENA region.

A one-day of Typologies exercise workshop run by SIC experts that presented sanitized cases took place in the margins of the said Plenary. The SIC Secretary was a guest speaker at a regional conference titled? Governors and officials from MENA countries ffor the said conference. The SIC head of the Financial Investigation Administrative Unit along with a senior analyst visited FinTRAC FIU Canada for two days where they were exposed to the Canadian FIU? Two SIC staff members participated in a?

Late this month, two SIC experts participated in the FATF? The experts also attended two workshops on? ML through the Real Estate Sector? In his capacity as Chairman of the US-MENA Private Sector Dialogue, the SIC Secretary met with officials from the UNODC in Vienna-Austria, where he introduced the role of the US-MENA PSD initiative, considered a vehicle to foster interaction among international private sectors.

One SIC staff member participated in a workshop organized jointly between the UNODC, the Actjvities Bank of Egypt and the Egyptian Banking Institute that took place in Cairo. Participants were Anti-Money Laundering specialists from various international agencies of the MENA region. In his capacity as Chairman of the US-MENA Private Sector Dialogue, the SIC Secretary met with officials from the Bank for International Settlements BIS in Basel-Switzerland, where he discussed the US-MENA PSD initiative and a possible mutual cooperation.

The SIC Secretary was invited as a guest speaker at the 24th Cambridge International Symposium on Economic Crime that took place in Cambridge-UK, where he conducted a presentation titled? Cash-Based Societies and Associated Risks? The symposium focused on the? One SIC legal expert was invited to participate in the Experts Meeting on the UN Convention Against Corruption UNCAC that took place in Amman-Jordan.

This meeting focused on three topics; monitoring UNCAC implementation, money laundering and whistleblowers? The SIC legal expert also took part in drafting the UNCAC topics policy recommendations that will be presented in December to concerned governments. The purpose of this workshop was to enhance FIU IT Systems and information exchange between FIUs.

Participants were IT specialists and wctivities analysts from various countries. The SIC has joined a ativities of other Egmont member FIUs in co-sponsoring a MENAFATF FIU to join the Egmont Group. Despite the great tragedy that struck Lebanon, the SIC Secretary was determined to keep up the SIC daily routine activities. In doing so, he called upon SIC staff to overcome the risks and challenges by attending to the work needs of the SIC.

In his turn, as part of his action plan agenda in identifying technical assistance needs to requesting MENA countries, he paid a visit to a MENA country that was pre-scheduled before the war started, to discuss ways of assistance in building the MENA country? Early this month, the SIC Secretary was invited as a guest speaker at the? First Annual Forum for Compliance officers? This event was organized by the Union of Arab banks in Sharm El Sheikh-Egypt, where compliance and AML officers gathered to discuss the importance of Arab banks?

The SIC Head of Audit and Investigation Unit also attended this event. Maintaining the on-going process of raising awareness, two SIC senior analysts conducted two presentations at the Association of Banks in Lebanon, tackling a case study to a group of compliance officers and internal audit personnel of banks. In his capacity as Chairman of the US-MENA Private Sector Dialogue PSDthe SIC Secretary was a guest speaker at the?

International Arab Banking Summit, Euro-Arab Partnership Dialogue? He discussed the US-MENA Private Sector Dialogue PSD highlighting its role and future prospects. This summit presented an opportunity for the Arab and European business and financial communities xctivities meet and discuss issues of mutual concern. The SIC Secretary headed the Lebanese delegation of three SIC staff members to the Egmont Group 14th Plenary meeting held in Limassol-Cyprus.

In the margin of the said Plenary the SIC Secretary gave an expos? In his capacity as an? The Head of Research and Follow Up division of the Qatari FIU paid a two-day visit to the SIC to have a first-hand knowledge of the Lebanese experience in the fight against money laundering and terrorist financing. Four SIC staff members have passed the CAMS exam that took place last May in Beirut, thus raising the number to five.

Several other Lebanese bank compliance officers have also passed the said exam. The SIC has been encouraging the staff of banks and its own to upgrade their knowledge and attain a competitive advantage through a continuous professional education program, including taking the CAMS exam. The SIC Secretary, Chairman of the Kyc aml cft guidelines for money changing activities.

S-MENA Activitiss Sector Dialogue PSDwas a guest speaker at a 4-day seminar titled? Combating Money Laundering and Terrorist Financing? Participants were AML compliance chqnging, financial and legal experts from the MENA region. Major Developments and Issues within the MENA region? S-MENA Private Sector Dialogue PSDand the current status of MENA countries. The event was attended by a number of international experts from across the financial sector.

The Secretary met with cuanging compliance officers group at the Association of Banks in Lebanon. The Secretary briefed the group about the work of the US-MENA Private Sector Dialogue and the plan to hold a conference in New York in the first part of December. Enhancing cooperation and feedback mechanisms were among the subjects that were discussed during the meeting. The Finance Club at the Lebanese American University LAU Business School hosted the SIC Head of Compliance Unit as a guest speaker.

His presentation highlighted Lebanon? He explored the latest products, solutions, zctivities best practices in the IT sector. He also paid a visit to AUSTRAC and discussed IT related issues. As part of the SIC on-going process fod providing technical assistance and raising awareness, two SIC senior research analysts presented a case study at the Association of Banks in Lebanon. Branch AML compliance officers attended this training session. A first-time invitation offered to a foreign agency by the Office of the Comptroller of the Currency OCC was granted to two SIC staff members to participate in an on-site examination of a national bank in the US.

On the side, the two SIC representatives displayed a 50 min. Five SIC staff members sat for the Certified AML Specialist CAMS exam of the Association of Certified Anti-Money Laundering Specialists ACAMS that took place in Beirut. S-MENA Private Sector Dialogue PSDpaid a visit to the US Treasury Department, Federal Reserve System, IMF, and a number of US banks, where he met with senior officials to discuss the PSD initiative, its role and future prospects.

In collaboration with the UK National Terrorist Financial Investigation Unit NTFIUthe SIC hosted a two-day seminar on Countering the Financing of Terrorism CFT at which the Myc Secretary gave an opening speech. Two experts from the NTFIU projected real cases to participants from the SIC, General Prosecutor Office, Police and Customs. In his capacity as an International Monetary Fund? Two SIC staff members attended a local conference on? Two SIC senior research analysts conducted two presentations at the Association of Banks in Lebanon, tackling a case study to a group of compliance officers and internal audit personnel of banks.

Guidrlines this seminar, two SIC staff members also gave two presentations on? AML Examination and Sampling Techniques? Financial Investigation and Auditing Procedures?. One SIC staff member attended the Federal Financial Institutions Examination Council Seminar on? This seminar comprised case studies on Money Laundering, new types of White Collar crime, Cyberfraud and other emerging crime areas. The said presentations are part of activigies Continuous Professional Education CPE program that are intended to expose SIC staff members guuidelines the Lebanese and international legal systems.

One SIC Deputy Director along with a senior staff member participated in a workshop on the? Combating of Money Laundering and the Financing of Terrorism? The senior staff member gave a kyc aml cft guidelines for money changing activities on? The Egmont Group organized a meeting for the working groups of the financial intelligence units in Cairo-Egypt, where representatives gathered to discuss improvements and updates to projects launched in previous meetings.

The SIC Chairman, Governor of the Central Bank of Lebanon, was a guest speaker at a seminar titled? Leadership Requirements in the Financial Sector? Al Bank Wal Mustathmer? This seminar was attended also by the SIC Secretary who gave a presentation titled? The SIC Secretary was a guest speaker at an international conference, organized by the Dutch Ministry of Finance on Combating the Financing of Terrorism in The Hague-Netherlands, where he spoke about?

The US-MENA Private Sector Dialogue? This event stressed on the need for enhanced cooperation between the public and private sectors in the fight kyc aml cft guidelines for money changing activities the financing of terrorism. In his capacity as the Chairman of the U. This international conference, organized by the Union of Arab Banks and supported by the US Department of the Treasury, is the first-of-its-kind in the region for having paved the way to a direct dialogue between the financial sectors in the US and the MENA region.

Bankers Association for Finance and Trade, an associate of the American Bankers Association, American Bankers Association of North America and MENAFATF co-organized this event. The SIC head of the Financial Investigation Administrative Unit attended also this event. Observers from international organizations and countries also attended the said Plenary where The Republic of Activitjes was welcomed as a new member, and the Palestinian Authority joined as an observer to become a full member in the future.

The SIC Secretary was a guest speaker at the American University of Beirut AUB where he spoke about? Training Initiative, the SIC Secretary was invited as a guest speaker at a regional seminar held in Muscat-Oman, organized by the MENA Financial Regulators? Training Initiative in partnership with the Federal Reserve System and changkng Central Bank of Oman. This regional event was set for the benefit of senior supervisory officials from the Arab world, tackling risk assessment and risk-focused supervisory issues.

In the course of providing technical assistance, the SIC hosted delegates from the FIU of Senegal, seeking to have a first-hand knowledge of the Lebanese experience in the fight against money laundering and terrorist financing. The delegates were, also, exposed to activlties and programs customized in-house bear put option spread strategy 2018 being used to manipulate data and exchange information with the competent authorities.

Late this month, the SIC Secretary was a guest speaker at? The Regional Conference for Legal and Compliance? The participants were head of the regional groups of the Standard Chartered Bank, and compliance and legal officers from Jordan, Lebanon, Qatar, Bahrain, UAE, Oman and Pakistan. The said conference tackled Money Laundering related issues.

In the course of providing technical assistance, the SIC hosted delegates from the Central Bank of Jordan and members of the Achievement of Market-Friendly Initiatives and Results Program AMIR in Jordan, seeking to have a first-hand knowledge of the Lebanese experience in the fight against money laundering and terrorist financing and the IT related programs. Attendees were compliance officers and internal audit personnel of local banks. In order to expose SIC staff members to the Lebanese and international legal systems, a legal analyst from the SIC-FIAU conducted two presentations on Lebanon Penal Code.

Five SIC senior staff members attended a five-day seminar on? Participants from the MENAFATF member countries gathered in separate working groups, for the purpose cfg discussing and evaluating the Kuwaiti AML regime against a set of FATF recommendations. The Central Bank of Syria CBS in collaboration with the MENAFATF, the World Bank and the International Monetary Fund IMF organized the said conference. The SIC Secretary, MENAFATF first elected President:. Department of the Treasury inaugurating the launching of?

Treasury Department and the Federal Reserve participated in the said meeting on a consultative and facilitative basis. Two senior research analysts from the SIC-FIAU conducted a case study at the Association of Banks in Lebanon to a group guidflines compliance officers and internal audit personnel of local banks. A legal analyst, member of the staff, conducted two presentations for the SIC staff on Penal Procedures.

Two SIC staff members attended the Regional Training Program organized jointly between the Arab Monetary Fund AMF and the International Monetary Fund IMF in Abu Dhabi-UAE, where they participated in a discussion on FATF legal legislations. The SIC Secretary, MENAFATF first elected President :. He participated in the Panel discussion on The International Strategies where he conducted a presentation titled :? Members from the IMF and US. Emerging Cross Border Payment Methods?

Two SIC staff members attended the said workshop. FATF SR VS MENAFATF Initiatives? The SIC Secretary was invited as a guest speaker at metatrader 4 behind firewall keys joined seminar between the Beirut Bar Association, British Embassy and Law Society of Anl and Wales, where he conducted a presentation titled? One SIC staff member attended the said seminar. The said presentations joney part of the Continuous Professional Education CPE program and are intended to expose SIC staff members to the Lebanese and international legal systems.

SIC Secretary congratulated a staff member who recently passed the Certified AML Specialist CAMS exam of the Association of Certified Anti-Money Laundering Specialists ACAMS that took place in August The Secretary praised SIC staff members? The new certified member is the second SIC staff who took and passed the CAMS exam. The Egmont group main goal is to provide a forum for FIUs to discuss, develop information exchange, and improve support to their national AML programs.

FATF, the international money-laundering watchdog, gathered over delegates from 32 jurisdictions and 16 international organisations at chanhing Plenary meeting held in Paris. The Secretary, MENAFATF President, attended the said plenary where he held several discussions with a number of delegates.




AML/KYC


KNOW YOUR CUSTOMER (KYC) ANTI MONEY LAUNDERING (AML) COMBATTING FINANCING OF TERRORISM (CFT) Revised Policy Guidelines for Forex on As on. 1 Note that, since NTM was issued, there have been a number of changes to AML requirements. For example, the NASD revised its AML program rule. signatories of usa fatca agreements ( countries) reporting requirement in usa; 5% penalty - streamlined domestic offshore procedure (sdop) no penalty - streamlined.

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