Latest news with #CertifiedAnti-MoneyLaunderingSpecialist
Daily Tribune
14-04-2025
- Business
- Daily Tribune
Al Baraka Islamic Bank names Mohammed Ali Al Tamimi as Chief of Compliance and MLRO
Al Baraka Islamic Bank, one of the leading Islamic banks in the Kingdom of Bahrain, is pleased to announce the appointment of Mohammed Ali Al Tamimi as its new Chief Compliance Officer and Money Laundering Reporting Officer (MLRO) With over 18 years of professional experience in banking and mainly in compliance and regulatory oversight and anti-money laundering, Al Tamimi brings a wealth of expertise to his new role. He previously served as the Vice President of Compliance and Regulatory Oversight at Qatar National Bank (QNB), where he played an instrumental role in strengthening compliance systems and ensuring adherence to regulatory standards. His efforts focused on addressing financial crime-related issues and developing Environmental, Social, and Governance (ESG) strategies, significantly enhancing the bank's compliance framework. Before joining QNB, Al Tamimi held several key positions, including Head of Compliance and Anti-Money Laundering at Cairo Amman Bank (Bahrain Branch). In these roles, he was pivotal in establishing and fortifying compliance functions in alignment with the highest international and local regulatory standards. Al Tamimi holds a Bachelor's degree in Banking and Finance from the University of Bahrain, along with several distinguished professional certifications, including an International Diploma in Compliance, the Certified Anti-Money Laundering Specialist (CAMS), and the Certified AML FinTech Compliance Associate certification (CAFCA), which he obtained in June 2024. These qualifications reflect his deep expertise in the field, as well as his capability to tackle regulatory challenges with efficiency and professionalism. Dr. Adel Abdullah Salem, the Bank's Chief Executive Officer, welcomed Al Tamimi's appointment, stating, 'We are delighted to announce Mr. Mohammed Ali Al Tamimi as our Chief of Compliance and MLRO. His extensive experience will undoubtedly enhance our ability to meet the highest regulatory standards, and we are confident that his addition to our team will contribute to providing safer and more reliable banking services, reinforcing our commitment to transparency and best banking practices.'
Associated Press
04-04-2025
- Business
- Associated Press
Theo S. Basis Joins Spartan Capital Securities as Chief Compliance Officer
New York, NY, April 04, 2025 (GLOBE NEWSWIRE) -- Spartan Capital Securities is pleased to announce the appointment of Theo S. Basis as the firm's new Chief Compliance Officer. With over 30 years of experience in compliance and regulatory roles across broker-dealer, registered investment advisory, insurance, and investment banking sectors, Mr. Basis brings a wealth of leadership and expertise. He excels in overseeing compliance governance and ensuring regulatory adherence. Throughout his career, Mr. Basis has held leadership positions at some of the most prominent financial institutions, including AXA Equitable, Prudential, Principal Financial Group, TD Wealth Management, Signature Bank/Securities, W.J. Nolan & Co. (a NYSE member), and, most recently, Laidlaw & Co. Additionally, Theo worked as a Senior Compliance Examiner with FINRA Membership Regulation, District #10 in New York, working in Special Investigations/Enforcement, where he developed a sharp acumen for assessing regulatory risks and implementing solutions to ensure regulatory compliance. Mr. Basis is an expert in the application of SEC, FINRA, and MSRB regulatory rules and interpretations, and he has earned a strong reputation as a trusted compliance leader and strategic advisor. He holds multiple securities registrations, including Series 7, 8, 9, 10, 14, 24, 53, 63, 65, and 99. Additionally, in 2007, he attained the Certified Anti-Money Laundering Specialist (CAMS) designation and has utilized this specialty ever since. John D. Lowry, Founder and CEO of Spartan Capital Securities, commented, 'We are thrilled to welcome Theo Basis to Spartan Capital Securities. His extensive experience in regulatory compliance and leadership will be instrumental in strengthening our compliance infrastructure and ensuring we meet the highest industry standards. Theo's ability to navigate complex regulatory landscapes will be a critical asset as we grow and expand.' About Spartan Capital Securities, LLC (SCS): Spartan Capital Securities, LLC is a full-service, integrated financial services firm that provides sound investment guidance for high-net-worth individuals and institutions. With deep market knowledge, risk management strategies, and investment expertise, Spartan Capital has earned a strong reputation as a trusted financial advisor. The firm offers personalized asset allocation programs tailored to meet each client's unique financial goals. Spartan Capital also offers advisory and insurance services through its affiliates, Spartan Capital Private Wealth Management, LLC, and Spartan Capital Insurance Services, LLC. John D. Lowry Spartan Capital Securities +1 (212) 293-0123
