Banker's Academy presents key panel on compliance and anti-money laundering at Riyadh seminar

Held on the first day of the two-day seminar, the discussion was part of a series of panel sessions to raise awareness about new AML regulatory challenges and developments in the Kingdom of Saudi Arabia and within the Gulf Cooperative Council (GCC).

The session entitled, 'Why is Compliance a Corporate Governance Issue?' engaged participants in a lively discussion about the changing landscape of corporate governance and compliance in the region and globally.

Additionally, the session covered compliance risk, those responsible for compliance, the role of the Board in assessing compliance risk, how compliance is measured, and other important information that financial institutions in Saudi Arabia need to know, including the following top banks: National Commercial Bank, Riyad Bank, Saudi American Bank, Al Rajhi Banking and Investment Corp., Saudi British Bank, Arab National Bank, Al Bank Al Saudi Al Fransi, Saudi Hollandi Bank, and Al-Jazeera bank.

Dr. Linda Eagle was joined on the panel by fellow compliance experts: Fadi Sidani, partner in charge, Enterprise Risk Services, Deloitte & Touche; Dr. Nasser Saidi, chief economist of Dubai International Financial Centre Authority and executive director of Hawkamah Institute of Corporate Governance; Eddy Wymeersch, chairman for the European Regional Committee of IOSCO and chairman of the Committee of European Securities Regulators (CESR).

The Edcomm Group Banker's Academy is a 22-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share - providing bottom-line results.

The Edcomm Group Banker's Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, classroom instruction, multimedia production and online and print based documentation.

Edcomm Banker's Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).