The Union of Arab Securities Authorities and the Capital Market Authority of Lebanon held a training program on Combating Financial Crimes in Financial Markets in Beirut from 18 to 19 October 2017. The training program attended by (30) trainees from the Syrian Commission on Financial Markets and Securities, the Capital Markets Authority of Kuwait and the Capital Markets Authority of Lebanon. In addition to Beirut Stock Exchange, Banque du Liban, And a number of entities operating in financial markets and brokerage companies from Lebanon and Sudan.
The program aims to support and develop the knowledge and skills of the workers in the competent departments of the regulatory authorities and financial market institutions, which are responsible for detecting and prosecuting financial crimes introducing the latest global developments and methods of committing financial crimes in financial markets to ensure deterring violators and compensating victims.
The program discussed several subject such as the recent developments of financial crimes in the global financial market and the techniques to discover new financial crimes to support market oversight, in addition to the preparation of criminal prosecution files and the development of regulators’ role in combating financial crimes.
This program represents a part of the UASA Strategic Plan 2016 – 2020 approved by the Union Board last year. Within the framework of capacity building pillar, the plan aimed to hold series of training programs and workshops to contribute in developing the regulators’ supervisory capacities and to enhance the efficiency and effectiveness.