BIBF offers ICA Trade Based Money Laundering Certificate

BIBF yesterday announced the launch of a specialist training programme in partnership with the UK-based International Compliance Association (ICA), the leading global provider of professional certificated qualifications and training in anti-money laundering (AML), compliance, fraud and financial crime prevention.

“Bahrain has always been one of the Gulf’s most important commercial crossroads – a trading hub that links the east with the west. Given the incredible volume and value of the transactions within the trade finance industry, the identification and mitigation of the money laundering and terrorist financing risks involved with trade finance is in high demand by the global community”, said BIBF’s Head of Banking Mr. Deen Jayah.

“BIBF’s unique relationship with the local and regional financial industry means that we are able to identify and meet the current training and development requirements of the sector as soon as the need arises. This one-day workshop has been designed to address key AML and Counter Terrorist Financing (CTF) concepts, as well as the practical issues encountered within the international trade environment. It is highly interactive and will be delivered by UK-based ICT faculty – the largest and longest established training partner of the International Compliance Association (ICA)”, he added.

The course is suitable for anyone who has a professional or personal interest in studying the money laundering and terrorist financing risks inherent in the international trade environment including senior practitioners and managers, operational staff, regulators and consultants, Money Laundering Regulatory Officers (MLROs), and Compliance and Risk managers within the international trade environment.

It is scheduled to take place on the 6^th of December at the BIBF premises in Juffair.