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    FSRA workshop on AML/CFT/TFS

    Events FSRA workshop on AML/CFT/TFS

    On behalf of the Financial Services Regulatory Authority (FSRA), the Financial & Cyber Crime Prevention (FCCP) is pleased to inform ADGM Relevant Persons (FIs / DNFBPs) that we are organising an outreach session on Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Targeted Financial Sanctions (TFS).

    This outreach session aims to update and enhance our ADGM Relevant Persons on the following key topics. Click here to view the full agenda.

    • Reminder on AML/CFT Obligations and key observations from the analysis of the AML Return Submissions-2023
    • Updates on the AML/CFT National Strategy (2024-2027) and the AMLCFT-NRA-2024
    • Insights into the supervisory approach and common themes identified from inspections
    • Update on the TFS strategic review report and PF -NRA-2024
    • Overview of the goAML schema and reporting mechanisms
    • Legal Persons and Concealment of Beneficial Ownership

    You, as a Relevant Person, are required to join this mandatory outreach session. Please ensure that you register only one nominee* in the registration link below.

    *Only the first registered individual from each Relevant Person will be accepted/considered.

    Register today at the FSRA' workshop on AML/CFT/TFS.

    November 14, 2024 9:00 AM - 3:25 PM 4th Floor, ADGM Auditorium, ADGM Authorities Building, Al Maryah Island
    Event Agenda Time Session Speaker 09:00 AM - 09:35 AM

    Registration of participants

    09:35 AM - 09:50 AM

    Welcoming remarks

    Emmanuel Givanakis

    CEO - FSRA, ADGM

    09:50 AM - 10:15 AM

    Reminder on the AML/CFT Obligations

    Key observations from the analysis of the AML Return Submissions

    FCCP, ADGM

    10:15 AM - 10:45 AM

    AML/CFT Executive Office role and responsibility

    The AML/CFT National Strategy (2024-2027) and the key UAE national initiatives

    • The update on the UAE national initiatives, including the national AML/CFT statistics and AML/CFT strategic objectives.

    The AML/CFT National Strategy (2024-2027) and the key UAE national initiatives

    • Overview of the key changes in the updated methodology along with the timeline for the next UAE FATF ME

    EO, AML/CFT

    10:45 AM - 11:05 AM

    National Risk Assessment (NRA)

    • Update on the Revised AML/TFS NRA.
    • Brief on the assessment methodology.
    • The key outcome of the revised NRA 2024.

    EO,AML/CFT

    11:05 AM - 11:20 AM

    Break

    11:20 AM - 12:00 PM

    Key Findings observed during the onsite and thematic review of our private sectors (FIs and DNFBPs)

    Highlight key findings and observations and recommendations to ensure effectiveness and implementation of the necessary measures to strengthen the AMLCFT framework.

    Supervision,ADGM

    Monitoring & Enforcement - RA,ADGM

    12:00 PM - 12:40 PM

    Financial Intelligence Unit of the UAE (UAE-FIU)

    • FIU Strategy report (TBML) including typologies and cases
    • GoAML Schema and Reporting Mechanisms

      a. Registration

      b. Submission quality report

      c. Message Board

      d. Feedback to Reporting Entities

        • Overview of the Integrated Enquiry Management System (IEMS) and recommendation for private sectors

        FIU

        12:40 PM - 2:00 PM

        Lunch Break

        2:00 PM - 2:40 PM

        Targeted Financial Sanctions Proliferation & Terrorism Financing

        • Executive Office’s Role in Implementing Targeted Financial Sanctions (TFS)
        • Targeted Financial Sanctions (TFS) Obligations and Measures
        • Update on the TFS strategic review and key case studies
        • PF National Risk Assessment and key recommendation for private sectors

        EOCN

        2:40 PM - 3:10 PM

        Legal Persons and Concealment of Beneficial Ownership

        Legal Persons Risk Assessment

        Monitoring & Enforcement, ADGM

        3:10 PM - 3:25 PM

        Closing Remarks

        FCCP, ADGM

        Register to Attend




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