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Combating Financial Fraud & Money Laundering Summit

Introduction - An exclusive summit to be held in Abu Dhabi, UAE in October 2023, with a special focus on emerging technology and trends in financial crimes and money laundering

The UAE is one of the leading financial hubs of the world. This financial activity, and the presence of numerous local and international banking institutions, comes with and increased risk of financial crime – most significant among which are money laundering and financial terror- ism. The UAE’s new regulations aims at offering continuous recommendations that will assist financial institutions in strengthening the compliance programme of anti-money laundering and combating financial frauds in financial institutions.

This exclusive event CFML 2023, offers an interactive platform to understand current regulatory priorities, getting first-hand knowledge of emerging technologies in the anti-money laundering and financial crimes domain, case studies, operational challenges and current fraud trends.

The International Summit on Combating Financial Fraud & Money Laundering

The International Summit on Combating Financial Fraud & Money Laundering is a first-of-its-kind conference to be held in Abu Dhabi, UAE in october 2023, with a special focus on emerging technology and trends.

The Summit highlights and showcases emerging technology trends in money laundering and financial fraud, and outlines ways financial institutions can leverage emerging deeptechnology solutions to combat these activities to protect consumers, financial institutions, and national/global economies. Summit attendees will hear from industry experts and thought leaders on how to weaponize and employ the most cutting-edge deep tech solutions to build more robust and effective fraud prevention and AML programs for their respective organizations.

Summit speakers and presenters will include finance and business leaders, technology experts, government officials, international inancial regulators, and thought leaders. These individuals are experts in their respective disciplines. They operate on the “front lines” in the fight against money laundering, fraud, and terrorist financing and speak firsthand to the technologies employed by these bad actors, and how organizations and institutions can leverage this same class of technology for society’s betterment.






Conference Themes





Mamoun Alhomssey

Executive Vice President Technology
ADIB - Abu Dhabi Islamic Bank

Shruti Patel

Head of Compliance

Wael Saikaly

Head of AML/CFT
Creditbank SAL

David Shepherd

Global Head of Strategy, Risk Intelligence
London Stock Exchange Group (LSEG)



Combating Financial Fraud & Money Laundering

Event Agenda

  • Programme Day One

    Summit Opening

    09:00 – 09:10

    Remarks by: Government Official (TBC)

    09:10 – 09:20

    Remarks by: Government Official (TBC)

    09:20 – 09:30

    Remarks by: Government Official (TBC)

    09:30 – 09:40

    Remarks by: Chairman of Central Bank of UAE (TBC)

    09:40 – 10:10

    Networking & Coffee Break

    10:10 – 10:30

    Govt Keynote: Government Initiatives, Regulatory/Enforcement Developments and Priorities for the Future
    • Govt Initiatives on Preventing AML & Financial Crimes
    • Developing the Regulatory Framework to Combat Financial Crimes
    • Implementation of The Financial Action Task Force – FATF Standards & Ensuring a Safe Business Environment

    10:30 – 11:15

    C-Suite Panel: Financial Fraud and Corruption: A Global Problem with Local Affects
    • Evolving Role of CISO’s to Ensure Secured & Resilient Infrastructure and Business Continuity
    • Exploring the Right Enterprise Strategy & Adopting a Reliable Frame Work to Mitigate the Risks
    • Developing a Future-Ready & Digitally Secured Workforce to Ensure the Business Growth

    11:15 – 11:35

    Case Study: Emerging Fraud Tactics

    The world of fraud is a constantly evolving and tactics are getting more sophisticated. This case study showcases what are the emerging technologies used to defraud consumers and financial institutions and best practices on how the organization could mitigate the risk.

    11:35 – 12:00

    Networking & Coffee Break

    12:00 – 12:45

    Panel Discussion: Sanctions: Key risks and Effects of the New Sanctions Obligations for Regulated Entities
    • Sanctions Evasion and Enforcement – Priorities for Middle East
    • Managing Sanctions Risks: Major Obstacles and Useful Tips
    • Sanctions Compliance: Technology Solutions to Drive Efficiency and Effectiveness

    12:45 – 13:00

    Expert Talk: Implementation of Robust AI and ML Tools to Modernize your Approach to Anti-Money Laundering (AML) and Counter Terrorist Financing Measures (CFT)
    • AML Policy Changes in the Region And the Effective Utilization of AI & ML to Prevent Financial Crimes
    • Opportunities and Challenges of New Technologies for AML & CFT
    • Machine learning applications and prospective uses in combating money laundering

    13:00 – 14:00

    Networking Lunch

    14:00 – 14:45

    Panel Discussion: Enterprise Fraud Risk Management in the Financial Sector
    • Financial misconduct and AML laws: Challenges in Countering Enterprise Fraud
    • Industry Trends in Financial Fraud Detection and Prevention
    • A Digital Solution for Risk Assessment: Implementing a Dynamic Risk Assessment Tool

    14:45 – 15:00

    ech Talk - Leveraging Deep-Tech to Combat Financial Fraud
    • Leveraging New Biometrics and Machine Vision Technology to Improve Due Diligence and KYC Functions
    • Implementation of “Spotlight” Technologies: Biometrics, Facial Recognition, Voice Recognition, Deep Phishing, and other Smart Solutions
    • Real-Time Fraud Prevention and Detection through Transaction Tracking and Consumer Profiling

    15:00 – 15:20

    Industry Expert Talk- Utilising AI and Advanced Data Analytics to Mitigate Financial Frauds and for Enhanced Efficiency in Risk Management
    • Leveraging Advanced Data Analytics to Automate the Detection Of Fraud Transactions
    • Increasing the Efficiency and Effectiveness of Monitoring Potentially Fraudulent Activities
    • A Reliable Framework to Mitigate Financial Frauds and for Enhanced Efficiency in Risk Management

    15:20 – 15:45

    Networking & Coffee Break

    15:45 – 16:30

    Panel Discussion: The Best Kept Secret in Alternative Investments (Lets have various fund managers speak about alternative venture & PE investment opportunities, we can integrate this with fintech/ AI investments which suits this overall conference topic)

    16:30 – 16:50

    Tech Talk: Rising KYC-AML Challenges: Creating an Effective Utility to Drive Operational Efficiency
    • Managing Know-Your-Customer-Anti-Money Laundering (KYC-AML) Compliance in order to Manage Rising Regulatory Pressure and Recent Money-Laundering Incidents
    • Increasing the Efficiency of Operations & Enhancing the Effectiveness Of KYC-AML Processes To Lower Risk in the Financial System
    • How to attain a More Complete Picture of their Customers’ Behavior and Greatly Improve the Detection of Money Laundering

    16:50 – 17:15

    Expert Speaker – Future of Fintech Investing

    17:15 – 17:45

    AWARDS NIGHT (categories TBC soon)

    17:45 – 18:00

    Closing Remarks & End of Day One
  • Programme Day Two

    09:00 – 09:10

    Remarks by: Govt Official

    09:10 – 09:30

    Mitigating domestic terrorism financing via FinTech services
    • Evolution of Financial Technology (FinTech) Innovations and New Payment Products and Services
    • Analysing the Use of Fintech Solutions to Counter Terrorism Financing
    • Upgrading regulatory tech (RegTech) and supervisory tech (SupTech)

    09:30 – 09:50

    Trends and Typologies Of Trade-Based Money Laundering and Abuse of Legal Entities [Dubai Financial Intelligence Unit]
    • Trade-based Money Laundering: Trends and Developments
    • Emerging Typologies Associated with Possible Trade-Based Money Laundering (TBML) Activities & Process for Risk Mitigation
    • Strategies to Reduce the Abuse of Legal Entities

    09:50 – 10:35

    Panel Discussion: UAE Financial Crimes Detection Drive
    • Latest Trends, Challenges, and Breakthroughs in Financial Crime Detection
    • How the Region will Facilitate Investigations of Money Laundering, Terrorism Funding, and High-Risk Situations
    • What are the Significant Regulatory Strides Recently made In UAE in the Areas of Whistleblowing, Data Protection, Virtu al Assets and Anti-Money Laundering (AML)/Counter-Terrorist Financing (CTF) Compliance

    10:35 – 11:00

    Networking & Coffee Break

    11:00 – 11:20

    Expert Speaker: Implementing Digital ID by LFI to Counter Money Laundering and Financing of Terrorism
    • What are the New Guidance on Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) for Licensed Financial Institutions(LFIs)
    • How LFIs can complete their Requirements regarding Customer Due Diligence by Adopting Digital Id Systems and Proce dures
    • Effective Anti-Money Laundering and Combating the Financing of Terrorism Regulatory and Supervisory Framework

    11:20 – 12:10

    Panel Discussion – Panel: Investment Strategy Changes for 2024

    12:10 – 12:30

    Banking Strategies to Fight Financial Crime and Safeguarding Customers in the Age of Digital Payments
    • Toward a New Financial Crime Compliance Paradigm: Key Trends
    • How Banks & other Financial Institutions need to Evolve an Improved and Holistic Approach to Mitigate Threats
    • Managing Financial Crime Risk in Digital Payments

    12:30 – 13:00

    Fireside Chat: One on One Discussion with the Industry Stalwarts to Uncover the Stories and Ideas

    Current and Projected Investing Climate

    13:00 – 14:00

    Networking Lunch

    14:00 – 14:45

    Panel Discussion: Future of Compliance: Exploring the Trends, Best Practices and Future of AML and Evolving Financial Crime Risks
    • What are the New Regulations to Geopolitical Crisis to Digital Disruption?
    • New Technologies to Reshape how Compliance is Practiced and How Financial Crime is Detected and Prevented
    • Best Practices to Manage and Mitigate any kind of AML Activities and Financial Crime Risks

    14:45 – 15:05

    Keynote: GovCoins: State-Run Digital Currencies
    • GovCoins: How the Digital Currencies that will Transform Finance & Financial Crime
    • Achieving Faster & More Seamless Monetary Transfer in the Region
    • What are the Positives, Negatives, Potential and Implications this will bring

    15:05 – 15:30

    Networking Lunch

    15:30 – 16:15

    Fireside Chat – Uncovering FTX

    (We should invite the investigative journalists to come speaker about how they uncovered and brought the FTX scandal to light) This has to do with crypto/financial crimes, but is fun and engaging for the room!

    16:15 – 17:00

    Family Office/ Venture Capital/ Private Equity Deal-maker Panel

    From Venture Capital to Private Equity deals, funds of all structures are becoming more sophisticated and hiring industry professionals to help them source and manage direct and coinvestments with an institutional flavor. Our panel of Family Office/ Venture/ Private Equity investors will discuss deal sourcing, sector interests, and finding the right partners and opportunities.

    17.00 – 17:10

    Closing Remarks and End of Conference