1st Annual Compliance and AML Seminar24 – 25 March 2009, Riyadh, KSA

Panel Session 5: Compliance & Enforcement Marc Hambach, COO, Gulfmena Alternative Investments

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Financial Times, Friday 13 March 2009

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The regulatory lifecycle

Desk-based & onsite assessments/ reviews

Special reviews

Ad hoc reviews

Periodic submissions

Ongoing

Supervision

Application License

Enforcement

Actions

Revocation

Criminal

Referral

Civil $$ $$

Licensing Process

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“See you later – regulator!”

Compliance team

Training

Dialogue & meetings

Policies procedures

Systems controls

Compliance Monitoring Program

Compliance Monitoring

Incentives for compliant behaviour

Compliance awareness

firm-wide responsibility

News &

Intelligence