American Business Council FOR IMMEDIATE RELEASE Contact: Laura Goodnight Company Name: American Business Council of Dubai & the Northern Emirates Tel: 04.379.1414 Email: communications@abcdubai.com Website: www.abcdubai.com
American Business Council Hosts Sanctions Compliance Seminar with Chadbourne & Parke and Ernst & Young DUBAI – OCTOBER 24, 2013 On Wednesday, October 23rd, the American Business Council of Dubai & the Northern Emirates (ABC) hosted an Economic Sanctions and Compliance Seminar as part of its Knowledge Exchange Series. The speakers - ABC President and Chadbourne & Parke International Partner, Ramsey Jurdi; Ernst & Young Executive Director, Stuart Jones Jr.; and United States Treasury Financial Attaché for the Gulf Region, Katherine Bauer - discussed in detail the intricacies of U.S. sanctions in the Middle East and compliance challenges facing businesses in the U.A.E. Each speaker, coming from three different industries, brought unique perspectives to the event. Mr. Jones remarked: “It is more important than ever for companies and financial institutions operating in the Middle East and beyond to remain vigilant and take a proactive approach to sanctions and other counter illicit finance compliance matters.” Mr. Jurdi added: “The U.S. Government continues to focus on enacting legislation and enforcing existing laws with respect to blocking access to the U.S. market for non-U.S. entities that continue to conduct significant transactions with Iran.” ABOUT THE AMERICAN BUSINESS COUNCIL The American Business Council of Dubai & the Northern Emirates operates under the auspices of the Dubai Chamber of Commerce & Industry and functions as a Chapter of the U.S. Chamber of Commerce. Since its founding in 1985, the American Business Council has supported U.S. business