EastNets Successfully Concludes Financial Crime and Compliance Forum in Moscow

Moscow, Russia – June 25, 2019 – EastNets – one of the world’s leading providers of payment and compliance solutions for the financial sector – recently concluded a one-day AML and compliance forum for Russia’s financial institutions, providing valuable insights to those operating in the country’s banking and finance sector. Conducted in partnership with the Association of Russian Banks, the conference – titled, “New challenges and trends in payments and financial crimes - Time to Act” – was hosted at the Lotte Hotel Moscow on Thursday, June 20.

The event brought together more than 50 financial institutions and kicked off with a keynote address by the President of the Association of Russian Banks, Garegin Tosunyan, who spoke about the global nature of the fight against financial crime, as well as the compliance challenges unique to Russia’s banking sector. During the forum, an array of industry leaders and experts led in-depth discussions into the most critical issues and opportunities facing financial institutions today. This included topics such as online and offline transaction monitoring, anti-money laundering, know-your-customer compliance, sanction screening, and more.

One of the highlights of the conference was an engaging panel discussion on financial crime compliance, which boasted the participation of some of the financial sector’s key players and industry leaders, including representatives from Dow Jones, ALFA-BANK, and PwC, alongside EastNets CEO Hazem Mulhim. The esteemed panelists provided an in-depth look into the challenges of compliance risk management practices, and the importance of alleviating these challenges through cooperation with external partners.

Commenting on the success of the event, Mulhim said, “For financial institutions, navigating the increasingly complex compliance and payment landscape can feel like an insurmountable struggle. One of the best ways to address compliance and payment challenges is to facilitate better communication and exchange of information between banks and other industry players – which is why conferences like this one are so important. It has been a great honor for us to be able to host such an enriching forum, and I would like to thank all the speakers and attendees for lending their presence and insights to this event – an event that wouldn’t have been possible without the tireless cooperation of our trusted partner, the Association of Russian Banks.”

This event is one of the many forums, conferences, and seminars hosted by EastNets across the globe, in line with its mission to elevate the standards and capabilities of the international financial sector. With more than 750 financial institutions worldwide already relying on the company’s solutions and professional services, EastNets employs its wide-reaching influence and experience in order to help enhance the knowledge, skills, and capacities of banking professionals everywhere.

About the Association of Russian Banks
Established in 1991, the Association of Russian Banks is a non-governmental, not-for-profit organization committed to promoting and advocating for the interests of the Russian banking community. To date, the association boasts 248 members, including both banks and credit unions, and cooperates closely with regional banking associations across 23 regions of the Russian Federation.

To get in direct contact with our representative in the Russian Federation please contact:

Magamed Irbaiev
Regional Account Manger Russia | EastNets®

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