January Monthly Talk: Is Banking Secrecy Real? Implementing Transparency Requirements in Banking Sector

Talking Points & Agenda:

  • Is Banking Secrecy real?
  • Rethinking Tax Transparency
  • FATCA Background, Requirements & indicia
  • Tax Transparency Milestones
  • Defining Stakeholders
  • FATCA Implementation and Lessons learned
  • Automatic Exchange of Information (AEOI) and the Common Reporting Standards (CRS)
  • CRS Requirements and Indicia
  • CRS Requirements Local Rules and regulations related to Tax Transparency
  • What’s next?

Learning Objectives:

By the end of the session the audience will become familiar with the new challenges related to the Tax Transparency international and local requirements (FATCA, CRS, Law 44, Law 55, Basic Circular No 147, etc.) and have a better understanding on the challenges and lessons learned from projects implemented within this context.

Wael Saikaly

About the Speaker: Wael Saikaly

Wael Saikaly is presently the Head of AML/CFT at Credit Bank, one of the top Lebanese Alpha banks. Wael enjoys over 16 years of banking experience focusing on the areas of Audit, AML, and Compliance.

In his present position, Wael is handling several responsibilities covering (1) Managing, coordinating, and monitoring the day-to-day AML/CFT compliance program (2) Researching and understanding changes in local and international regulations (3) Developing Anti Money Laundering and Compliance guidance materials.

Wael is also responsible for developing and delivering training programs on AML/CFT topics and FATCA/CRS requirements. He has been a speaker with the ACAMS in two regional conferences held in Dubai that covered: Strengthening Collaboration between Compliance and Internal Audit in 2017 and The FinCEN CDD / FATF UBO Requirements in 2018.

Wael holds a BS in Accounting and a BS in Marketing from the Lebanese University in Beirut, and is a Certified Anti Money Laundering Specialist.

Event Details

Date & Time

30 January 2020

6:30 PM - 9:30 PM (Moldova Standard Time+02:00)

Location

The Key ApartHotel Palais de Justice District, Corniche du Fleuve, Beirut, Lebanon