Executive Vice President, Governance, Legal and Corporate Services, George Elombi, Afreximbank, said: “With financial institutions facing increasing complexity from ever more stringent regulations, geopolitical and economic factors including sanctions, financial crime and digitalisation, the Afreximbank Compliance Forum 2023 provides the ideal platform to share international best practice and for networking with peers from across Africa. Maintaining and strengthening a strong compliance culture is a key component in addressing the unfairly inflated perceived risk of doing business in Africa.”

Covering everything from new regulations to geopolitical and economic factors including sanctions, financial crime, digitalisation and more, AFC2023 provides a unique forum to learn about best practices, assess relevant Afreximbank solutions, and discover the very latest compliance platform technologies showcased by leading Compliance System Companies participating at the event. 

ACF2023’s comprehensive agenda includes the following sessions:

• Initiatives and Solutions to Promote Intra- and Extra– African Trade Despite Challenging Compliance Environment
• Emerging Trade Trends in Africa
• Compliance and Governance in the Digital Era
• Emerging Trends in Trade Based Money Laundering on the Continent
• Afreximbank Promotion of Intra-African Trade: AfPay
• De-Risking - (Re)-Building Ties with Correspondent Banks
• Management of Sanction Regimes, Overview of the US & UK, General Licenses
• Cushioning the Impact of Sanctions: Food Security (ATEX)
• Compliance System and their Importance to a Sound Compliance Framework
• Environmental and Social Risk Governance: Opportunity or Constraint to Intra-African Trade?
• Relevance of Regulatory Compliance to the Promotion of Intra-African Trade
• Artificial Intelligence and Compliance Monitoring of Trade Transactions
• Payment Platforms and Intra-African Trade: Opportunity and Constraints
• Afreximbank Promotion of Intra-African Trade: MANSA

·      Update On African Peer Review Mechanism (APRM) Initiatives

·      Close the Gap - Bridging the Digital Divide

ACF2023 has been specially designed to meet the needs of compliance practitioners and advisors, trade facilitation experts, treasury experts, auditors, commodity traders, financial institutions, central banks, financial intelligence agencies, law firms and all other firms and experts involved in AML/CFT compliance.

ENDS

About Afreximbank

African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries to effectively participate in the AfCFTA. At the end of 2022, Afreximbank’s total assets and guarantees stood at over US$31 billion, and its shareholder funds amounted to US$5.2 billion. The Bank disbursed more than US$86 billion between 2016 and 2022. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure, (together, “the Group”).