Masood Safar Al Majedi is the Chief Compliance Officer at Al Masraf, where he leads the strategic development and implementation of the bank's compliance and Anti-Money Laundering (AML) programs.
In addition to his role as Chief Compliance Officer, Masood has been appointed as joint Acting CEO in 2024 to oversee key operational decisions and initiatives during the transitional period.
With over three decades of experience in legal, operations, compliance, and AML fields, he has been instrumental in transforming Al Masraf’s compliance culture and framework since joining in May 2019. His leadership has significantly strengthened the bank’s regulatory alignment and risk management.
Masood directs the implementation of a robust risk-based compliance framework, ensuring adherence to local and international regulatory requirements. He oversees compliance programs across all products and services, focusing on AML, KYC practices, and sanctions compliance.
Before joining Al Masraf, Masood served as the Group Chief Compliance Officer at the Commercial Bank of Dubai, where he managed regulatory compliance and developed the bank’s AML strategy. Also, he was part of the digital transformation project. His extensive background includes a Master’s degree in Law from the Dubai Police Academy and certifications in Compliance and AML from FINRA and the University of Reading. He also holds a diploma as a GCC Advanced Compliance Officer and is a Professional Member of the Association of Certified Anti-Money Laundering Specialists (ACAMS).
In recognition of his achievements, he received the award for "Most Effective Implemented KYC Practices" at the GCC Regulators Summit and obtained a Level 5 ILM Qualification in Coaching & Mentoring from the Institute of Leadership and Management (UK). Additionally, he has authored a thesis titled ‘The Judicial Review of the Constitutionality of Laws in the United Arab Emirates’ (الرقابة القضائية على دستورية القوانين في دولة الإمارات العربية المتحدة) reflecting his deep understanding of legal and compliance issues in the financial sector.
