Hany A. Faidy

Compliance and AML expert

Owner and founder of HFFC, has more than 33 years of experience in Banking and Regulatory Compliance field, worked for a leading financial institution in Jeddah Saudi Arabia (NCB) for 27 years (1984-2011), worked for more than 15 years in the business field, then became the Head of Compliance in 2003, he contributed a lot to the AML and Compliance field, not only with his employer, but in Saudi Arabia, as he was the Chairman of the FCML committee supervised by the Saudi Arabian Monetary Agency (SAMA) in 2009 till 2010.

He participated in the AML & Compliance training field, trained more than 5000 staff on the principles of AML and Compliance, and prepared e-learning modules in the AML and Compliance fields.

Conducted the CCO (Certified Compliance Officer) certificate through IOB from 2012 until 2015.

Worked for Saudi Arabian Monitory authority as a Compliance & AML Advisor from Sept 2015 until March 2017, he was Acting Head of AMLD from April 2016 till Dec 2016 Conducting AML/CTF onsite inspections on 20 Financial Institutions.

Study the international and regulatory practices and standards related to the obligation to combat money laundering and Terrorist financing, in addition to monitoring local and international developments in this field.

He oversee the formulation and development of policies and standards relating to combating money laundering and the financing of terrorism.

He was responsible for conducting the AML/CTF risk assessment for all financial institutions under SAMA’s supervision, he oversee the development/updating of prudential returns on AML / CFT to collect the data needed to identify risk indicators.

He supervised the analysis of risk indicators, determine the supervisory position in coordination with other relevant departments to develop the onsite examination plan.

Oversee and monitor the compliance of the financial sector with regulations and instructions relating to compliance with AML/CFT and to verify the effectiveness and transparency of implementation.

Attend the supervisory meeting organized by the concerned supervisory departments on a quarterly basis.

Hany graduated from Ain Shams University in Cairo, Accounting section in 1984.