Haydrian Representatives Attend the The 1st Annual Bahrain Anti-Money Laundering Conference
The 1st Annual Bahrain Anti-Money Laundering Conference was held at the Sheraton Hotel and Towers, located in Manama, in the Kingdom of Bahrain, on May 15th and 16th, 2006. Haydrian delegates included our Sales Manager from Madrid, Spain, Ms. Beatriz Rincon Young, our Director from Lebanon, Beirut, Mr. Samir Tyan and the Account Relationships Representative Ms. Jade Anderson, from Abu Dhabi, United Arab Emirates. This conference was an excellent opportunity for Haydrian representatives to connect with various banks in Middle East and North Africa (MENA). The event offered insight into the standards and regulations in anti-money laundering compliance.

This conference identified new methods and trends in money laundering, and it reviewed existing measures and controls for Hawala, charaties and cash couriers. In addition, it focused on building an effective Anti-Money Laundering (AML) program, how to screen and train employees and how to maintain vigilance toward “the enemy within’’. It addressed “know your customer’’ and outlined actions for Politically Exposed Persons (PEPs). This conference presented the opportunity for Haydrian reps. to show their live product demonstration, as well as details regarding the analytics and architecture of Haydrian’s solution, XM3.

Some of the delegates in attendance were familiar to Haydrian, however many new relationships were developed as a result of our representatives attendance at this conference. Haydrian reps also showcased 3 of our team members and as a result 3 proposals are currently being written due to their presence in Bahrain. This conference clearly demonstrates how vital and detrimental it is for the Haydrain Corporation to be exposed at as many events as possible; because the Haydrian team and the XM3 solution are widely and well received when attending conferences and other industry events.