Ambrose Carey presented at the AML/CFT Compliance Roundtable in Beirut, hosted by the European Bank of Reconstruction and Development (EBRD) on 8th November. Lebanon is the EBRD’s newest member country and country of operation. Its investments there have focused so far on the Financial Institutions sector and it is now emphasising parallel capacity-building initiatives, such as this Roundtable.
The event followed on from the Annual Compliance Day hosted by the Central Bank of Lebanon (Banque du Liban) on 7th November, which brought together international experts and practitioners to discuss specific challenges facing local banks and their operations. The audience was composed of senior compliance staff of local banks, as well as representatives of local financial regulators. Ambrose presented on the challenges of determining the ultimate beneficial owners (UBOs) of institutions and the risks that this presents compliance officers from a sanctions, money laundering and terrorism financing perspective.Next >