Anti-Money LaunderingLive Webinars

AML/CTF Challenges in Islamic Banking

By November 10, 2020 No Comments

Thursday December 02, 2010 – 12:00 PM EDT

Islamic Banking has become one of the fastest growing sectors of the financial services industry in the world. With the current economic crisis and credit crunch, the inherent stability and security of Islamic financial institutions has made Islamic Banking desirable to both Islamic and conventional financial institutions alike. As a result, even the largest financial institutions have opened Islamic windows and started offering Shariah compliant products and services.

In this Webinar:

* Explain the principles of Islamic Finance, Shariah law and the key Islamic products
* Get Answers to the most vexing questions:
o How the Interest-free Islamic banking have attracted more attention?
o How the Interest-free Islamic banking is strongly competing with large international banks?
o What myths should be dispelled concerning Islamic banking products?
o What do regulators and non-Islamic finance professionals need to know about Islamic finance?
o Is Customer due diligence easier or more difficult in Islamic Banks?
o How can you assess the risks of Islamic Finance products?
* Key Compliance Strengths of Islamic Finance & Shariah Compliant banks
* How can a bank be compliant with both AML regulations and the laws of Sharia?

About the Speaker:


Hossam M. Abd El-Rahman, CFE, CFS, CFCI, CAMS, AMLP

Founder & Managing Partner
Allied Compliance Consultants “ACC”

Hossam M. Abd El-Rahman is the Founder and Managing Partner of Allied Compliance Consultants “ACC”. He is a well known consultant, trainer & speaker with more than 15 years of experience in the fields of public accounting, banking, fraud, forensics, financial crimes, compliance, Anti-Money Laundering, internal control and business re-engineering.

Hossam worked for leading Conventional and Islamic banks in the MENA region where he assumed senior positions. He was Compliance, AML & Fraud Head at Samba Financial Group – Dubai, UAE. Prior to that, he was Compliance Supervisor at Kuwait Finance House – Kuwait. . In addition to 8+ years of extensive public accounting experience in “BIG FOUR” International CPA firms including PriceWaterhouseCoopers & Arthur Andersen.

Hossam is a Certified Fraud Examiner “CFE”, Certified Fraud Specialist “CFS”, Certified Financial Crimes Investigator “CFCI”, Certified Anti-Money Laundering Specialist “CAMS”, & Certified Anti-Money Laundering Professional “AMLP”. He received his Bachelor Degree in Commerce in accordance with the American Accounting principles & Auditing standards from Cairo University – Accounting major.

About the Moderator:

Saskia Rietbroek CAMS

Advisory Board Member
Allied Compliance Consultants “ACC”

Saskia was the founding Executive Director of the Association of Certified Anti-Money Laundering Specialists (ACAMS). She is president of AML Services International, a money laundering consulting and training firm, and Financial Crime Advisor to Fiserv Inc. She serves on the Advisory Board of ACAMS and formerly Money Laundering Alert. She is frequently quoted, including by the New York Times and Wall Street Journal.

Live Webinar Price:

– ACC Premium Members:                                                            US$ 85
– ACC Members: Upgrade to Premium Member Now        US$ 99
– Non-ACC Members: Become a Member Now                     US$ 99

Did you miss this webinar?, You still have a chance to download a recording of the webinar.

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