BACB Appoints Clare Wilson As New Money Laundering Reporting Officer

Posted on 01/02/2021

Press Releases

British Arab Commercial Bank (BACB) has announced the appointment of Clare Wilson as Money Laundering Reporting Officer (MLRO) subject to regulatory approval. Clare, who joins from HSBC, brings to the role almost a decades’ experience in compliance and financial crime functions having worked for large market players including Barclays and Lloyds.

Most recently, she held the position of Director in HSBC’s Group Financial Crime Management Office, where she spearheaded the implementation of enhancements in compliance controls and procedures. She has experience dealing with anti-money laundering and compliance on an international level, being responsible for the day-to-day reporting into HSBC’s senior management committee and the Board on financial crime matters, as well as for producing the annual group MLRO report for HSBC Holdings.

Reporting to BACB’s Chief Compliance Officer, Bhavesh Dattani, Clare will play a pivotal role in helping the bank fulfil its strategy of securing responsible and sustainable growth. As a UK-regulated bank dedicated to specialist markets, BACB views its compliance capabilities as the cornerstone of the bank’s operations and ability to serve its clients, and Clare’s expertise will enhance its already robust compliance function.

Upon her appointment, Clare says: “Transparency and trust are at the foundation of building relationships in the wide range of markets BACB serves. I very much look forward to forming part of a strong team and helping to drive sustainable growth as the bank looks to the future.”

Bhavesh Dattani, Chief Compliance Officer, adds: “I am delighted to welcome Clare as head of the Bank’s Anti-Financial Crime team. Clare’s years of experience in compliance and Anti-Financial crime in leading global institutions uniquely position her to lead the Bank’s fight against this principal risk as it services its clients and customers across the markets the Bank operates. It is fundamental that the Bank continues to maintain the highest possible standards as we move forward in our next stage of growth.”

Based in London, BACB is an international specialist bank that finances trade flows to, and from, Africa and the Middle East.