Nay Sharafeldin

Nay has over 15 years experience, gained working in both private practice and in-house, with a specific focus on remittance and payments.

She has broad international experience having advised across numerous jurisdictions (including Australia, New Zealand, Oceania, South Asia, Middle East and North Africa) and worked directly with regulators and Central Banks about issues related to the regulation of domestic and international remittance.

Nay has lectured and tutored in the units “Commercial Law (Masters)” and “Taxation Law” at the University of Canberra.

Experience

Nay’s experience includes advising:

  • Global remittance company as in-house counsel for the second largest remittance company was responsible for all legal matters in Australia and Oceania region and Middle East and South Asia region including regulatory interaction, commercial matters and governance;
  • Regulatory Interaction experience working with regulators, both in Australia, such as AUSTRAC, and internationally, including Central Banks, in Egypt, Lebanon, United Arab Emirates, India, Bangladesh including making submissions and requesting exemptions, reporting requirements and key industry topics such as financial inclusion;
  • Governance and restructuring as a member of a core team that successfully implemented the global restructure of a remittance business, including regulatory approvals and notifications, implementation of governance process, notifications to suppliers and transfer of employees;
  • Commercial and Regulatory on the implementation of new technology within the remittance industry (including payments through mobile wallets, mobile applications, kiosks, staged payments etc) and drafting templates contracts for business while ensuring product offering is compliant with regulatory framework; and
  • Dubai Government on the establishment of a new “free zone” and drafting its governing laws and regulations.

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