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Blockchain & Cryptocurrency Business

UAE Banks Federation (UBF) conducts a briefing session on Blockchain and Cryptocurrencies

Abu Dhabi, 29 April 2022- UAE Banks Federation, the unified voice and representative of UAE banks, organizes a briefing session, through a specialist risk consultancy, on Blockchain and Cryptocurrencies. The session covers several topics, including the limitations and challenges that are faced conducting cryptocurrency investigations, a case study on how an investigation can be conducted, and a look at the regulatory landscape as well as the practical solutions to help mitigate challenges.

With more than 135 attendees, two experts were assigned to carry out the presentation to help attendees build organizations that are secure, compliant, and resilient in an age of ever-changing risk and connectivity. The first presenter is John Kim, who is a Principal in Control Risks’ Compliance, Forensics, and Intelligence in the Americas region, part of the Data Analytics Group, based in Washington, DC. The second presenter is Rejil Kumar Rajan, Associate Director, who leads the forensic technology team for the Middle East at Control Risks’ Compliance, Forensics, and Intelligence practice in EMEA.

The session/workshop covers key areas that will benefit attendees, such as the meaning of Blockchain and Cryptocurrency, Cryptocurrency Investigations, in addition to a Case Study to mitigate challenges and limitations.

Jamal Saleh, Director General, UAE Banks Federation, said: “As part of our efforts that are aimed at creating and sustaining a thriving UAE banking ecosystem, we have undertaken a number of initiatives and new endeavors to discuss Blockchain and Cryptocurrency challenges in the banking industry. With advancements in technologies continuing to shape customer needs and expectations, it has become all-important for the banking industry to be at the forefront of innovation. The emerging technologies also present new opportunities for our UBF member banks to create new revenue streams, which will in turn drive sustained business growth.”

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