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The African Development Bank to partner with Standard Chartered Bank and tackle financial crime
The AfDB and Standard Chartered Bank (SCB) will jointly organize a 1-day interactive workshop on November 3, 2016 at the CCIA, in Abidjan, Cote d’Ivoire.
Led by the Financial Sector Development Department’s Trade Finance team and in close collaboration with Making Finance Work for Africa (MFW4A), the workshop will bring together client-facing, legal, compliance and operations staff from banking institutions from several countries in West Africa such as Cote d’Ivoire, Cameroun, Gabon, Gambia and Senegal. The workshop is designed to be broad-based as employees at various levels in the participating financial institutions must regard the control of financial crime risk as a core part of their responsibilities.
Participants will learn about emerging regulations on financial crime risks and evolving financial crime compliance standards in the industry. The workshop aims to enhance the banking employees’ ability to identify financial crime risks and help put in place mitigating controls to protect their operations in areas such as Customer Due Diligence, Anti-Money Laundering and Sanctions Compliance.
By collaborating with a world class financial institution such as SCB, the AfDB is better placed to help the many ‘Issuing Banks’ in Africa who benefit from the Bank’s Trade Finance Program to better manage operational risks, and thereby raise financial crime compliance standards in the industry. SCB currently enjoys a USD 300 million Risk Participation Agreement (RPA) facility under the AfDB’s Trade Finance Programme to support trade transactions originating from Africa.
There are only a very limited spaces available, and if you are interested in participating in this workshop, please confirm by emailing Mohamed Agrebi (firstname.lastname@example.org), copying Bleming Nekati (email@example.com), by no later than October 20th 2016.
Registration is on a first come, first served basis and SPACE IS LIMITED