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Dubai, United Arab Emirates–(Newsfile Corp. – November 19, 2022) – The GRC summit todaytaking place at Habtoor Palace Dubai, LXR Hotels & Resorts on Wednesday, November 23, 2022, will provide businesses and individuals with a platform to exchange knowledge and information on key issues surrounding the future of risk management, governance and compliance.

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The GRC summit today The agenda should feature forward-looking discussions on the state and transformation of governance, risk and compliance, which the financial services industry must strive to embrace in order to thrive.

Apart from external factors such as the impact of the COVID-19 pandemic on the financial sector and inflationary spurts triggered by geopolitical factors, the industry has faced issues related to cybersecurity, evolving payment gateways, space for cryptocurrency, etc. internally.

These factors have further emphasized decision-making and risk and compliance management as key drivers of progress towards ethical industry growth and sustainability.

How will stakeholders revolutionize the ecosystem by navigating a crypto-economy, ESG risk, regulatory compliance, business change management and ever-changing fintech outlook, in addition to the external factors that will shape long-term value?

The Agenda of the Summit seeks to open dialogue and propose solutions to these topics in a holistic way, and in a way that can be adapted as a transformation plan during the various panel sessions during the event.

Speaking on the relevance of hosting the GRC summit today At such a time, Mohamed Daoud, Director – Territory Business Development – GRC, Moody’s Analytics said: “Moody’s Analytics Middle-East is delighted to be participating in the GRC Today Summit on November 23, 2022 in Dubai. This annual event provides an opportunity to connect with regional compliance communities and raise awareness of effective approaches to combating financial crimes.

Recent U.S. and international industry sanctions imposed on individuals and entities include the search for ultimate beneficial owners and severely affect KYC and due diligence of corporate clients. To comply with the new sanctions regime, companies must seek ownership and control of the client company. This includes indirect ownership/control which may be difficult to determine without a specific source of data. Identifying this information can be complicated and time-consuming if companies don’t have the right systems and data in place. During this event, the Moody’s Analytics team provided industry-leading insight and guidance on how to deploy this guideline to keep pace with compliance.”

To support this statement, Elias Kokaly, Deployment Strategist, TRM Labs also added, “As the UAE continues to focus on growing the crypto economy, TRM is excited to participate in the GRC Today Summit to connect with key minds in the UAE crypto ecosystem and ensuring against illicit activities such as fraud and financial crime does not hamper the development potential of blockchain ecosystems.”

The GRC Today Summit will feature industry leaders including Mohamed Shalo, Director of Communications and Strategic Partnerships, Anti-Money Laundering and Counter Terrorist Financing Executive Office, Ian Johnston, Managing Director of Dubai Financial Services Authority (DFSA), Mohamed Daoud, Director – Territory Business Development – GRC at Moody’s Analytics, Safeya AlSafi, Director of the Surveillance and Monitoring Sector of the Anti-Money Laundering Department at the Ministry of Economy ( UAE), and Gaurav Dubey, CEO of TDeFi – Crypto Incubator and Advisory, to lead discussions that will unpack the issues.

The summit will also welcome Bhavin Shah, MD and Head of MEA, Forensic Risk Alliance, Peter Smith, Managing Director, Head of Strategy, Policy and Risk, Dubai Financial Services Authority, William G. Rich, Head of Sanctions, EMEA Emerging Markets, Citibank NA, Bhaskar Dasgupta, Head of Strategic Development – MENA, Apex Group Ltd and Dr. Ryan Lemand, Co-Founder and CEO, Neovision Wealth Management among other thought leaders.

“Governance is the most critical aspect for positioning the crypto economy as a future and discussions like these help move the industry forward,” said Gaurav Dubey, CEO, TDeFi – Cryptography incubator and consultancy.

Kalin Metodiev, Co-Founder of CFA and Managing Partner of NEXO, said, “We at Nexo are excited to be part of the GRC Today Summit 2022, as this year’s event and topics align precisely with what our company has identified as basic needs and challenges for the industry. Governance, asset and risk management and regulatory compliance will only have an increasing impact on the entire digital asset space, as evidenced by crypto developments in 2022. It’s a privilege for me personally to join other panelists and spark discussions, shed light on our efforts, and begin to chart a new path to improve cryptocurrency adoption in coordination with state regulators. We strongly believe that these events are fundamental to establishing good industry practices, as they will attract new generations to digital markets while fostering trust among current crypto users.”

The GRC summit today will take place over a series of interactive sessions, networking breaks and engagements; which would present an opportunity for all stakeholders to be involved in the sphere of governance, risk and compliance, as well as those who wish to know, develop and compare their practices with the best possible opportunities.

To express your interest in attending the event or to access the full agenda, please visit the GRC summit today website.

About the Organizers – Wealth Today

wealth today provides a confluence of breaking news, expert insights, opinions, analysis, and a marketing platform for organizations to get their message across to their customers; encourage best practices and high business standards in the industry. Based in the commercial capital of the United Arab Emirates – Dubai, wealth today is a communication channel for leaders in the financial, wealth and banking landscape.

With the aim of providing maximum value to its audience, the platform also aims to create strong and mutually beneficial relationships, with high-level and relevant decision-makers to support adherence to best practices and business standards in the region and beyond. of the.

Visit the website learn more about wealth today.

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Last name: Loredana Matei
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Address 2: Abu Dhabi
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