What Western Financial Institutions Should Know to Successfully Deal with the Challenges of Islamic Banking

As Western institutions expand into the booming Islamic banking market, they must look to the compliance risks that come with it. There are many misconceptions about the risks and regulations related to Islamic banking products. In this seminar, we will delve into the most vexing questions: What are the best practices in dealing with these products? What must you take into consideration if you’re entering this market? What myths should be dispelled concerning Islamic banking products? What do regulators and Western financial institutions need to know? What to do in customer due diligence? How can you assess the risks of Islamic finance products? Join us for an engaging web seminar and let our seasoned experts answer all your questions, as they educate (and update) you about Islamic banking AML issues and risks.

Speakers

	Hany Abou-El-Fotouh, CAMS First vice president and group head of corporate governance and compliance, ABC Bank, Egypt, he is a leading expert on money laundering and terrorist financing controls in the Middle East-North Africa region with extensive experience in AML compliance and training. Founder of the Middle East Compliance Officers' Forum, he has been honored for his work in promoting compliance awareness in Egypt and the MENA region. Previously, he held top compliance positions in multinational institutions, such as HSBC Bank Egypt, Banque Saudi Fransi, and Oman International Bank.
	Hossam M. Abd El-Rahman, CAMS Head of Compliance, AML and Fraud for Samba Financial Group, Dubai. He has experience in financial statement audits, internal control reviews, fraud examining, insurance claims and business re-engineering. He was formerly a compliance supervisor at Kuwait Finance House and a public accountant for PriceWaterhouseCoopers and Arthur Andersen. He has also conducted AML training for banks and investment companies across the Middle East.