The UAE Banks Federation (UBF) is set to hold the Regulatory Compliance in a Changing World forum on 27 June in Abu Dhabi to discuss latest developments in guideline and compliance in a transforming world along with key difficulties posed by the evolving risk landscape in the banking and financial services sector.

Sustained by UBF compliance committee, UBF is organizing the forum in association with Al- Iktissad-Wal- Aamal Co., a leading event organizer in the region, which will feature an excellent line-up of seasoned speakers who will certainly talk about key regulative problems, requirements for banks to have a correct conduct business structure in position to manage conduct risks, and approaches to managing monetary criminal offenses. The forum will likewise shed light on know-your- customer (KYC) and AML conformity and examine how modern technology and artificial intelligence can support regulatory compliance implementation.

" The banking and financial services industry is obviously within of raised law. While it is true that new reforms considerably contribute to developing a safe and robust banking system, boosted oversight often places pressure on institutions as the expense of compliance remains to skyrocket. Additionally, danger landscape is also quickly altering because of technical interruption and financial institutions are raising their ordinary spend on KYC-related procedures. The Regulatory Compliance in a Changing World forum intends to collect industry thought leaders and experts to discuss these advancements in order to aid banks and financial institutions to gain from the potential customers of new regulatory adjustments and prepare them to face the difficulties
that may come along," said HE Abdul Aziz Al Ghurair, Chairman of UAE Banks Federation.

The agenda of the forum will deal with a number of topics, including aligning local regulative structures with global guidelines, staying in the age of derisking, FATF's function in avoiding economic criminal activities, KYC reliance in the period of Blockchain and the effect of technological regimes such as Regtech, Fintech and Artificial Intelligence on the overall compliance implementation from the functional standpoint.