KCICAI and ICAEW illuminate path to combat financial crimes in joint session

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KUWAIT CITY, March 13: The Kuwait chapter of The Institute of Chartered Accountants of India (KCICAI), in collaboration with the Institute of Chartered Accountants in England and Wales (ICAEW), orchestrated a remarkable joint session on Anti-Money Laundering (AML) and Economic Crime. The CPE event was a significant initiative undertaken by KCICAI and ICAEW to raise awareness and enhance the expertise of professionals in the face of the growing challenges posed by money laundering and economic instability. CA Rabin Gonsalves, the esteemed Chairperson of KCICAI, officially welcomed the audience, providing insights into the chapter’s recent activities and upcoming initiatives. He underscored the pivotal role that professionals play in safeguarding financial systems and maintaining economic stability.

CA Andaleeb Girkar, committee member, expertly conducted the event, ensuring its smooth flow and engaging atmosphere. The session’s highlights included a captivating screening of a short film addressing the intricacies of Financial Crime, an insightful overview of ICAEW’s Pathways Program, and a thought-provoking panel discussion on AML and Financial Crime.

The distinguished panel of industry experts featured Mr. Senthil Kumar, Managing Director of Protiviti Member Firm Kuwait, CA Dheeraj Soneja, Head of Fraud Risk at Al Ahli Bank of Kuwait, CA Tuhin Chaturvedi, Tax Partner at RSM Kuwait, and ICAEW professionals, including Mr. Doug Withington, Head of International Office, ICAEW. Together, they engaged in a stimulating exchange of ideas, shedding light on critical aspects of financial crime prevention. The panel discussion delved into various dimensions of the evolving landscape of financial crime, exploring the impact of new technologies on AML compliance, emphasizing the importance of Professional Scepticism, addressing modern slavery concerns, and dissecting the regional, specifically Kuwaiti, landscape concerning AML regulations.

The session drew a diverse and engaged audience, comprising members and guests, who actively participated in the discussions. CA Venkata Ramana, expressed gratitude on behalf of the organizing committee and delivered a heartfelt vote of thanks to all the attendees, speakers, and sponsors who contributed to the success of the event. He acknowledged the collective commitment to combating money laundering and promoting financial integrity. KCICAI and ICAEW continue to strengthen their commitment to providing a platform for professionals to stay informed, exchange knowledge, and collectively work towards building a resilient financial ecosystem. This joint session marked significant step in their ongoing efforts to empower professionals in the fight against financial crimes. For more information about KCICAI and its initiatives, please visit www.icaikw.org.

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