From Julian

Annual Conference of Arab Banks and US Federal Reserve

To be held next October in New York

The Union of Arab Banks announced that it will hold its annual joint meeting with the US Federal Reserve Bank on October 16 in New York.
President of the International Union of Arab Bankers and Chairman of the Executive Committee of the Union of Arab Banks, Joseph Tarabia, said in a press conference: The Union seeks to make the Arab-American banking dialogue a platform for direct dialogue between Arab banks and Arab central banks and US banks and regulatory authorities.
The conference will discuss several topics, including the fight against terrorism and the strengthening of relations with correspondent banks, in addition to current issues on the regulatory developments in terms of sanctions and the relationship of correspondent banks and the issue of combating corruption and bribery,
He added that the conference will also discuss "the recent anti-terrorism agreement signed at the Arab-Islamic Summit in Riyadh, as well as legal factors related to the exchange of information, the need to mitigate risks and address the threat of terrorist financing, On Arab banks. "
He pointed out that the issues under discussion are the main issues to push forward the sound Arab and international banking business.
He stressed that "the Union seeks to be a gateway for Arab banks to the rules of international banking, so as to facilitate and enhance their integration into the global banking industry, and to protect the interests of these banks at a time when financial sanctions became a political tool."
Officials from the Federal Reserve, the US Federal Reserve, the US Treasury, the IMF and the World Bank, experts from the Office of Foreign Assets Control, international financial and regulatory bodies, Arab and European banking leaders, financial institutions and member banks will also attend the next session.
The Union of Arab Banks launched the Arab-American Banking Dialogue Initiative in 2006.

https://www.alsabaah.iq/ArticleShow.aspx?ID=142866