UBF SEMINAR ON DEVELOPMENTS AND IMPLICATIONS OF FATF MUTUAL EVALUATION
UAE Banks Federation (UBF), represented by its Compliance Committee, hosted a seminar in association with CCL Academy, a leading organization offering prominent financial institutions training from subject matter experts, under the theme ‘Implications of the upcoming FATF (Financial Action Task Force) Mutual Evaluation & Recent Industry Developments’.
The seminar, held in Abu Dhabi , was attended by over 100 industry specialists, including Heads of Compliance from UBF member banks, Senior Compliance officers, MLRO’s and Business Heads from UBF member banks.
The seminar also touched upon the impact of new legislation and regulations, noting UAE latest legislations such as Federal Law no. 20 of 2018 and Cabinet decision no. 10 of 2019. Finally, attendees were briefed on new industry developments, such as cryptocurrencies, as well as the challenges and opportunities they present.