Polixis SA’s Post

🌟 Excited to Share My Experience at the Assembly MENA Conference in Dubai! 🌟 Over two impactful days, I had the opportunity to engage with industry leaders and explore pressing topics in financial crime compliance and regulatory challenges. Key Highlights: 🔑 Inspiring Keynotes: The event kicked off with powerful keynote addresses, including insights from Ali Faisal Ba’Alawi of the UAE Financial Intelligence Unit and Nicholas McNicholas from the Virtual Assets Regulatory Authority [VARA]. Their perspectives on the evolving regulatory landscape were enlightening.  🌍 Engaging Workshops: I participated in a workshop focused on writing effective Suspicious Transaction Reports(STRs). I benefitted from the collective experience of other attendees especially the FIU staff and speakers. 🔎 Insightful Discussions: The regulatory roundtable and various sessions tackled pressing topics like combatting cyber-enabled fraud, addressing money laundering in real estate transactions, trade-based money laundering, and the challenges of sanctions compliance. The discussions were rich with expertise from leaders, regulators and policy makers in the field. 💬 Networking Opportunities: Connecting with fellow compliance professionals and regulatory experts was invaluable. The shared experiences and collaborative spirit made for meaningful conversations. 🔗 Future of Compliance: The emphasis on public-private partnerships and innovative solutions highlighted the importance of collaboration and technology in tackling financial crimes effectively. A big thank you to ACAMS and all the presenters for their dedication and insights! Looking forward to implementing these learnings in my practice! #AssemblyMENA #Compliance #FinancialCrime #ACAMS #Dubai

New report - Compliance Insights 2024 EU’s Regulatory Evolution from ComplyLog & Loyens & Loeff covering a range of regulations, risks, risk mitigation, regulatory enforcement and sanctions. 💥Regulatory Landscape 🔑Market abuse 🔑MiFID II & MiFIR 🔑EU Retail Investment Package 🔑AML/CFT 💥Risk Assessment and Mitigation 🔑Types of risks 🔑How to assess and mitigate risks 🔑Best practices 💥Regulatory Enforcement & Sanctions 👀If you would like to know how Corlytics is working with regulatory compliance teams helping them to better manage their regulatory burden, untangling the red tape and providing horizon scanning and automated workflows then please email 📩[email protected] for more information and a demo. #regtech #regulatorycompliance #compliance #regulation To download full report https://lnkd.in/ggsG2DDG

Less than 2 weeks to go! This is your chance to learn more about the key regulatory challenges and opportunities at the 18th NextGen Payments & RegTech Forum on 10-11 October 2024 at the Marriott Hotel, Athens, Greece, featuring industry experts: Hartwig Gerhartinger, Global Lead Compliance Regulatory Enterprise Risk Government Affairs at Paysafe Ana-Maria Vasile, Director, Head Of AML/CTF/SAN Compliance Division at CEC Bank Rene Plank, Deputy Head of Unit at European Commission - DG Competition, Antitrust Payment Systems Stavroula Karagianni, CISO and Head of Protection & Resilience at Allianz Greece & Cyprus Moderator: Valia Varzaka, Director, Forensic- Anti Financial Crime Advisory Services at KPMG Greece Topics Include: » Share perspectives from experts from regulatory bodies, financial institutions, and technology companies on navigating the evolving regulatory landscape » Fostering innovation and safeguarding consumer protection » Promoting collaboration among regulators to address payment challenges » EU antitrust and payments Book now to secure your spot and enjoy a 10% discount before it expires! Contact us at [email protected] to claim the discount! To register and access the agenda: https://bit.ly/47NmLO4 For more information on registration, please contact [email protected] #qubevents #Greece #Athens #Fintech #NPF #Payments #Regtech #Event2024 #Limassol #Cyprus #CEO #AI #Finance #Sponsor #Europe #Cyprus #DigitalPayments #Conference #Networking #Speakers #Forum #Regulatory #NextGen #AML #JoinUs #Compliance #Trends

Less than 2 weeks to go! This is your chance to learn more about the key regulatory challenges and opportunities at the 18th NextGen Payments & RegTech Forum on 10-11 October 2024 at the Marriott Hotel, Athens, Greece, featuring industry experts: Hartwig Gerhartinger, Global Lead Compliance Regulatory Enterprise Risk Government Affairs at Paysafe Ana-Maria Vasile, Director, Head Of AML/CTF/SAN Compliance Division at CEC Bank Rene Plank, Deputy Head of Unit at European Commission - DG Competition, Antitrust Payment Systems Stavroula Karagianni, CISO and Head of Protection & Resilience at Allianz Greece & Cyprus Moderator: Valia Varzaka, Director, Forensic- Anti Financial Crime Advisory Services at KPMG Greece Topics Include: » Share perspectives from experts from regulatory bodies, financial institutions, and technology companies on navigating the evolving regulatory landscape » Fostering innovation and safeguarding consumer protection » Promoting collaboration among regulators to address payment challenges » EU antitrust and payments Book now to secure your spot and enjoy a 10% discount before it expires! Contact us at [email protected] to claim the discount! To register and access the agenda: https://bit.ly/47NmLO4 For more information on registration, please contact [email protected] #qubevents #Greece #Athens #Fintech #NPF #Payments #Regtech #Event2024 #Limassol #Cyprus #CEO #AI #Finance #Sponsor #Europe #Cyprus #DigitalPayments #Conference #Networking #Speakers #Forum #Regulatory #NextGen #AML #JoinUs #Compliance #Trends

Less than 2 weeks to go! This is your chance to learn more about the key regulatory challenges and opportunities at the 18th NextGen Payments & RegTech Forum on 10-11 October 2024 at the Marriott Hotel, Athens, Greece, featuring industry experts: Hartwig Gerhartinger, Global Lead Compliance Regulatory Enterprise Risk Government Affairs at Paysafe Ana-Maria Vasile, Director, Head Of AML/CTF/SAN Compliance Division at CEC Bank Rene Plank, Deputy Head of Unit at European Commission - DG Competition, Antitrust Payment Systems Stavroula Karagianni, CISO and Head of Protection & Resilience at Allianz Greece & Cyprus Moderator: Valia Varzaka, Director, Forensic- Anti Financial Crime Advisory Services at KPMG Greece Topics Include: » Share perspectives from experts from regulatory bodies, financial institutions, and technology companies on navigating the evolving regulatory landscape » Fostering innovation and safeguarding consumer protection » Promoting collaboration among regulators to address payment challenges » EU antitrust and payments Book now to secure your spot and enjoy a 10% discount before it expires! Contact us at [email protected] to claim the discount! To register and access the agenda: https://bit.ly/47NmLO4 For more information on registration, please contact [email protected] #qubevents #Greece #Athens #Fintech #NPF #Payments #Regtech #Event2024 #Limassol #Cyprus #CEO #AI #Finance #Sponsor #Europe #Cyprus #DigitalPayments #Conference #Networking #Speakers #Forum #Regulatory #NextGen #AML #JoinUs #Compliance #Trends

The speculations are over—our AMLA - The EU Anti-Money Laundering Authority now (almost) officially has its Chair! 🎉 Having founded and led the Anti-Money Laundering Supervision and Regulation Unit at the Banca d'Italia and previously heading its Regulation and Macroprudential Analysis Directorate, Bruna Szego brings her impressive experience to the newly established AMLA. 💪 As a key figure in the EBA’s AML Standing Committee, she is well-known for her ability to bridge macroprudential and AML risks, as highlighted in this fresh article from Politico.eu POLITICO Europe by Giovanna Faggionato (link in the comments section). This marks a significant milestone for the AMLA to begin its practical work. The first step in her mandate will be to establish the Frankfurt-based body, hire its 450-strong team, and prepare for the direct supervision of high-risk financial entities starting in 2028. 🚀 Welcome, Ms. Szego, and all the best in tackling the many challenges ahead! 👏 ⚠️ Important note: With the public hearing in December and the Council’s approval still pending, the process isn’t fully finalized yet. ❗(Thanks for keeping me honest, Koos ! 🙏) #EU #AMLA

🇦🇪Dubai’s VARA has released a new circular urging all VASPs to align with the updated AML regulations set by the FATF: (in relation to high-risk jurisdictions) 🔑Key Takeaways for VASPs: • Immediate Review of AML/CFT Compliance: VASPs operating in the UAE are advised to thoroughly review and update their AML/CFT frameworks to avoid potential regulatory penalties. • Strict Adherence to VARA’s Directives: Non-compliance with these updated regulations may result in severe consequences, such as sanctions, fines, or license revocation. • Alignment with International Standards: Ensuring compliance with both UAE’s national AML/CFT obligations and international standards, as prescribed by FATF, is essential for VASPs to continue operating within the UAE’s regulated virtual assets ecosystem. 👉For more details, access the official VARA circular here🔗 https://lnkd.in/gEWnCSsF #Dubai #VirtualAssets #VARA #ADGM #Compliance #AML #Crypto #License #Regulatory #Compliance #FATF

📌 A Non-Disclosure Agreement (NDA) with anyone accessing the exchange AML information ℹ️ is considered an important safeguard in protecting sensitive data between countries. NDA can be structured as either bilateral or multilateral, depending on the number of parties involved . #NDA #AML #ExchangeInfo #Countries #International #Cooperation #AMG

The establishment of the Anti-Money Laundering Authority (AMLA) marks a significant step for the European Union in bolstering its fight against money laundering and financing of terrorism. The decision to initiate the search for AMLA's chair in the coming autumn shows a commitment to addressing these issues with a more centralized and authoritative approach. Having a dedicated authority like AMLA could enhance the effectiveness of anti-money laundering (AML) efforts by harmonizing practices across EU member states and ensuring stricter enforcement of regulations. The choice of chairperson will be crucial, as this individual will need to navigate complex political, economic, and legal landscapes to set the agenda and priorities for the authority. Speculation around potential candidates and their varying visions for AMLA could stir debates about the direction and strategies the authority should adopt. This period of preparation and anticipation might also encourage member states and financial institutions within the EU to align more closely with upcoming regulatory expectations, aiming for a smoother transition once AMLA is fully operational.#AntiMoneyLaundering #AMLAuthority #EuropeanUnion #FinancialCrimes #ComplianceMatters #RegulatoryReform #FinancialIntegrity #flexigroup

Thrilled to contribute to this paper highlighting the importance of advanced technology in effective anti-financial crime program!