EVENT: ABA events continue through webinars and videos
On 6 May, ABA Corporate Member Themis Services, provided a briefing on the ways in which financial criminals are exploiting the Covid-19 crisis. Henry Williams, Head of Investigations at Themis, delivered a 20 minute webinar in which he described the ways in which criminals are 'phishing' – inciting people to disclose sensitive information or to click on links that will give criminals access to their data. He also described the growing trend for criminals to research and then specifically target senior executives – a practice known a 'whaling'. Themis had surveyed several London-based Arab banks before the seminar, and so were able to provide advice and insight that was particularly relevant to ABA members. (The photo above shows Henry Williams delivering the webinar.)
On 7 May, a team from the UK's Prudential Regulation Authority briefed senior executives at London Arab banks on the usability of capital and liquidity buffers during the crisis. We hold meetings between the UK regulatory authorities and Arab banks in London every six months, and we were pleased that we were able to continue this programme, albeit via video rather than face to face.
ABA members have also been participating in Grant Thornton's series of webinars on issues such as SM&CR and operational resilience under the Covid-19 lockdown.
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Federica Taccogna and Irena Petrila, from FTI Consulting, delivered an on-line seminar on financial crime and internal controls during the Covid-19 outbreak.
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On 13 February we held a seminar on the fight against financial crime. It was sponsored by Mishcon de Reya and FTI Consulting.
We hosted a meeting of senior Arab bankers in London and officials from the Prudential Regulation Authority, as part of our efforts to promote dialogue between our members and their regulators.