The Banking Executive Magazine - November 2024

Interview The American Anti-Corruption Insti- tute (AACI) proudly announces the signing of a Memorandum of Under- standing (MOU) with the Union of Arab Banks (UAB) and Tomorrow’s Advice Global s.a.l. offshore Lebanon (TA Global) alongside To- morrow’s Advice s.a.r.l. (TA). This significant agreement was formalized on August 22, 2024, during the "An- nual Forum of Combatting Money Laundering and Terrorism Financing: The Repercussions of Cash Economy on the Banking Sector" at the Phoeni- cia Hotel Beirut, Lebanon. The con- ference was held under the auspices of the Acting Governor of the Central Bank of Lebanon and Head of the Special Investigation Commission in Lebanon, Dr. Wassim Mansouri. The MOU was signed by Dr. Wissam H. Fattouh, Secretary General of the UAB and Mr. Mike Masoud, Senior Director of the Middle East and Africa at The AACI, , and Mrs. Gina J. Chammas, CACM, Founding Part- ner of TA Global and TA, and Senior Adviser of The AACI in MENA. The signing ceremony was attended by Retired Brigadier-General PSC, Has- san Jouni, PhD, CACM, Advisor of The AACI in the MENA region. The forum and the ceremony were attended by esteemed guests, CACMs members of The AACI, and professionals in related fields, high- lighting the importance and far- reaching impact of this partnership. The MOU outlines a collaborative effort to advance anti-corruption learning and certification programs for members and stakeholders of the Union of Arab Banks and the bank- ing sector under the UAB’s jurisdic- tion. The parties have committed to a partnership that seeks to bolster the integrity of the banking sector by equipping its members with essential anti-corruption knowledge and tools. The Union of Arab Banks shall pro- mote the culture of anti-corruption and disseminate knowledge about the Ten Principles of Fighting Corrup- tion promulgated by The American Anti-Corruption Institute (AACT) to its members throughout its territory. This MOU represents a pivotal step forward in the ongoing efforts to in- stitutionalize corruption prevention, integrity, and transparency in the banking sector in particular, and in sustainable economic development in general. ABOUT THE AMERICAN ANTI- CORRUPTION INSTITUTE (AACI): The AACI (theaaci.net ) is a pioneer- ing organization dedicated to em- powering executive management and governance bodies with the knowledge and skills necessary to prevent fraud and corruption proac- tively. Through its premier anti-cor- ruption certification programs for individuals and entities, including the Certified Anti-Corruption Man- ager (CACM) and Certified Anti-Cor- ruption Entity (CACE), The AACI fosters institutional change and as- sesses corruption risks, guided by its Ten Principles and Standards on Fighting Corruption, and promoting transparency, independence, compe- tence, and integrity. The AACI em- phasizes corruption prevention as the cornerstone of effective corrup- tion control. ABOUT TOMORROW’S ADVICE GLOBAL S.A.L. OFFSHORE LEBANON AND TOMORROW’S ADVICE S.A.R.L.: TA Global and TA are leading man- agement and financial consultancy firms, specializing in strategic ad- vice, development, sustainability, in- ternal control, compliance, governance, and anti-corruption ini- tiatives, particularly within the MENA region. the BANKING EXECUTIVE 44 ISSUE 190 NOVEMBER 2024 PRESS RELEASE THE AMERICAN ANTI-CORRUPTION INSTITUTE (AACI) AND THE UNION OF ARAB BANKS (UAB) SIGN A MEMORANDUM OF UNDERSTANDING TO PROMOTE ANTI-CORRUPTION AND INTEGRITY