Cedar Rose to Highlight the Advantages of Technology and Data Standardization in UBO Verification and AML Compliance at SACEC Dubai
Businessmen struck a deal in Dubai. Shoot from istockalypse Dubai 2015.
Cedar Rose has confirmed its participation as a Gold Sponsor at the Sanctions, Anti-Corruption & Exports Controls Compliance in the Middle East conference (SACEC) hosted by Nielsonsmith, the Compliance Conference Company. Taking place in Dubai from 30th to 31st May, the event will bring together leading global compliance experts and solution providers as well as eminent speakers from the GCC.
Antoun Massaad, Co-Founder and CEO of Cedar Rose, commented, “We are glad to partner with the Sanctions, Anti-Corruption & Exports Controls Compliance in the Middle East conference, which is an important industry event. Organisations are challenged today with a multitude of local and global regulatory compliance requirements that have created a complex environment across all industries. Adding to this are the recent geographical sanctions and accelerating scrutiny that have increased the risk of stringent financial and reputational penalties manifold. It is therefore essential to know and understand the latest developments and solutions as well as benchmark standards from industry experts. As there is no one-size-fits-all approach, SACEC presents a fantastic opportunity to know and keep pace with the emerging regulatory obligations and implications in different jurisdictions.”
Speaking at the conference will also be Subramanya SN, Head of Compliance Solutions at Cedar Rose, who will highlight how technology and standardised databases can assist ultimate beneficial owner (UBO) identification and anti-money laundering (AML) compliance despite the challenge of multiple jurisdictions and languages. Sharing best practices and case studies, Subramanya will demonstrate the role of innovative technology and processes in mitigating compliance risks and advancing AML and counter terrorist financing (CFT) efforts.
Cedar Rose’s CRiS Intelligence Platform offers companies on-demand subscription access to critical credit and compliance information from a single portal whenever they need. Companies can conduct instant compliance checks against global sanctions and watchlists, politically exposed persons (PEP) and adverse media and, identify shareholding structures and ultimate beneficial owners using Cedar Rose’s live and continuously updated network of verified global databases.
