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Understanding the Abuse and Risks of Legal Persons and Arrangements
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.
Hamad Sayah Al Mazrouei
Dr. Reem Mohammed Al Shamsi
Safeya Hashim AlSafi
Lana Pebley
Rasha Mortada
Tim Land
Talal Samad
Hamad Sayah Al Mazrouei
Chief Executive Officer, Registration Authority of ADGM
Dr. Reem Mohammed Al Shamsi
Director - Research and Strategic Analysis of UAE Financial Intelligence Unit
Safeya Hashim AlSafi
Director - Anti-Money Laundering Department of 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 in Abu Dhabi Commercial Bank
Tim Land
Executive Director, Monitoring & Enforcement, Registration Authority in ADGM
Talal Samad
Head of Audit Supervision, Registration Authority in ADGM
Networking Breakfast
Presentation - Welcome remarks
Hamad Sayah Al Mazrouei
Chief Executive Officer, Registration Authority
Abu Dhabi Global Market (ADGM)
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)
Refreshment break
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)