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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


interests in Dubai & the Northern Emirates and acts as a liaison between government and commercial enterprises.

The American Business Council is a 500 plus member-driven organization. Fortune 500 companies and key business leaders are well represented among the members of the American Business Council. The American Business Council provides a forum for understanding and interaction between the local business community and members of the American Business Council. Members are supported through a robust calendar of informational programs, round-table discussions, and business networking opportunities.

For more information about the American Business Council and to learn how members are engaged, visit us at www.abcdubai.com.

About Chadbourne & Parke A New York-based international law firm, Chadbourne & Parke partners with our clients to promote their business objectives around the world. Chadbourne & Parke offer a full range of legal services and delivers innovative and effective results drawing on our local expertise and relationships in our international platform of 12 offices across 4 continents. Recognized by Chambers Global in 22 practice areas and in 16 regions, Chadbourne & Parke has developed a unique focus on emerging markets and offer significant experience and depth in energy and infrastructure, international disputes, corporate and finance transactions, corporate M&A, and bankruptcy and financial restructuring.

About Ernst & Young

EY is a global leader in assurance, tax, transaction and advisory services. Worldwide, EY’s 175,000 people are united by shared values and an unwavering commitment to quality. ###

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