03/02/2019

Under the Patronage of the Governor of the Central Bank of Jordan H.E. Dr. Ziad Fariz

Pio-Tech Sponsors the Combating Financial Crimes Compliance with Evolving Global AML/CFT Standards Forum.

Amman, Jordan Jan. 29-30, 2019. Pio-Tech, the leading provider of Banking Business Intelligence and Performance Management solutions in the Middle East and Africa, served as the main sponsor of the Combating Financial Crimes Compliance Forum that was organized by Union of Arab Banks. The forum featured the Jordanian AML/CFT experience and the holistic measures taken to combat money laundering and terrorist financing, mitigate associated risks. Furthermore, the forum discussed the future of correspondent banking in a changing regulatory environment, as well as the role of regulatory authorities and central banks in issuing guidelines that help banks comply with international AML/CFT standards and deal with sanctions imposed on non-compliant banks.

The Combating Financial Compliance forum focused on the developments of Combating money laundering and financing of terrorism, and the need to comply with the international standards in this field. The forum was held in the Intercontinental Hotel, Amman, Jordan.

 

Pio-Tech took part in the conference and witnessed the attendance of AML/CFT experts in the Arab region, mainly to discuss the latest developments and challenges facing Arab banks and financial institutions in the implementation of laws against money laundering and terrorist financing, including compliance challenges, sanctions, and correspondent banking relationships, FATF amendments, and AML/CFT risks emanating from FinTech innovations.

Mr. Jamal Dweik the Associate Director at Pio-Tech presented a keynote speech on “building an information platform that positively affects compliance, the use of technology tools and utilities to govern the quality of data. Finally, having an information platform that both safeguards the bank’s internal data sources and presents that bank’s services and products to the outside world.

About Pio-Tech

Pio-Tech has long crowned the market as a pioneering system integrator and business solutions provider, backed by a history of proven innovative results and dedicated team of consultants with a futuristic vision. Through its wide array of solutions, Pio-Tech has helped myriad financial institutions to better understand their business and bond with their customers, and ultimately, to steer their operations towards attaining excellence in performance.