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Press Release > 2016

14th Islamic Financial Stability Forum on Islamic Finance and Anti-Money Laundering and Combating the Financing of Terrorism

Date posted: 14 December 2016

Cairo, 14 December 2016 – The 14th Islamic Financial Stability Forum (IFSF) was successfully organised by the Islamic Financial Services Board (IFSB) on 14 December 2016 in conjunction with 29th Meeting of the Council of the IFSB, hosted by the Central Bank of Egypt.

The theme of Forum was Islamic Finance and Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Regulation, and the main presentation was by Mr. Mohd Fuad Arshad, Deputy Director of Financial, Intelligence and Enforcement Department, Bank Negara Malaysia. Mr. Nadim Kyriakos-Saad, Deputy Head of the AML/CFT Group, Senior Counsel, Legal Department, International Monetary Fund (IMF) and Mr. Prasanna Seshachellam, Consultant to the IFSB, acted as discussants to the presentation.

The IFSF is a high-level platform open to regulatory and supervisory agencies, and international multilateral organisations, from among the IFSB members to discuss current and pertinent regulatory issues faced by the Islamic financial services industry. The Forum is held twice annually in conjunction with the meetings of the IFSB Council.


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