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Background

The Financial Action Task Force recommends that countries should have mechanisms that assess the Money Laundering and Terrorist Financing (“ML/TF”) risks associated with legal persons and arrangements.

The UAE has in place a comprehensive National Risk Assessment (“NRA”) as well as the UAE Legal Persons and Arrangements risk assessment.

Additionally, the UAE’s Financial Intelligence Unit (“FIU”) recently published the second edition of its comprehensive report on the abuse of legal persons and arrangements.

To supplement this work, the ADGM Registration Authority has identified and assessed at a granular level, the specific ML/TF risks associated with ADGM legal persons and arrangements. The results are set out in a special report which will be published shortly.

This event will provide an overview of ADGM’s LPA risk assessment methodology and results as well as an interactive panel discussion on the abuse and risks of legal persons and arrangements featuring leading experts from government and industry.

Who should attend this event?

This event will be of interest to all UAE financial institutions and Designated Non-Financial Businesses & Professions (“DNFBPs”) as well as UAE Federal and Emirate government stakeholders, including company Registrars and anti-money laundering regulators.

Event Details

Event Date

8 June 2023

Timings

09:00 AM - 12:00 PM

Location

Auditorium, ADGM Authorities Building, Al Maryah Island

Speakers

Hamad Sayah Al Mazrouei

Chief Executive Officer, Registration AuthorityADGM

Dr. Reem Mohammed Al Shamsi

Director - Research and Strategic AnalysisUAE Financial Intelligence Unit

Safeya Hashim AlSafi

Director - Anti-Money Laundering DepartmentUAE Ministry of Economy

Lana Pebley

Risk and Policy AdvisorExecutive Office of Anti-Money Laundering and Counterterrorism Financing

Rasha Mortada

Group Chief Compliance OfficerAbu Dhabi Commercial Bank

Tim Land

Executive Director, Monitoring & Enforcement, Registration Authority ADGM

Talal Samad

Head of Audit Supervision, Registration Authority ADGM

Agenda

9:00 AM - 10:00 AM

Networking Breakfast

10:00 AM - 10:05 AM

Presentation - Welcome remarks

Hamad Sayah Al Mazrouei
Chief Executive Officer, Registration Authority
Abu Dhabi Global Market (ADGM)

10:05 AM - 10:50 AM

Presentation - ADGM Legal Persons & Arrangements Risk Assessment
Methodology, Findings and Q&A

Tim Land
Executive Director, Monitoring & Enforcement, Registration Authority
Abu Dhabi Global Market (ADGM)

Talal Samad
Head of Audit Supervision, Registration Authority
Abu Dhabi Global Market (ADGM)

10:50 AM - 11:05 AM

Refreshment break

11:05 AM - 12:00 PM

Panel - Understanding the Abuse and Risks of Legal Persons and Arrangements

A comprehensive discussion on abuses and risks posed by legal persons and arrangements. How understanding this benefits regulated entities, Registrars, AML regulators and AML stakeholders.

PANEL

Dr. Reem Mohammed Al Shamsi
Director - Research and Strategic Analysis
UAE FIU

Safeya Hashim AlSafi
Director - Anti-Money Laundering Department
UAE Ministry of Economy

Lana Pebley
Risk and Policy Advisor
Executive Office of Anti-Money Laundering and Counterterrorism Financing

Rasha Mortada
Group Chief Compliance Officer
Abu Dhabi Commercial Bank


MODERATOR

Tim Land
Executive Director, Monitoring & Enforcement, Registration Authority
Abu Dhabi Global Market (ADGM)

Registration Form


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