BIBF Partners with BMIO Seychelles & FIU for Knowledge Sharing

BMI Offshore Bank (BMIO) Seychelles, currently under Central Bank Management with the support of Al Salam Bank Bahrain, invited the Bahrain Institute of Banking and Finance (BIBF) to conduct training for members of their staff and employees of Financial Intelligence Unit (FIU), Seychelles in the areas of Islamic Banking and Product Structures, Customer Service for the Banking Industry and Anti-Money Laundering / Financial Crime Prevention.

BIBF, the Gulf’s premiere provider of banking and financial services training, designed and delivered a specialised programme for the Bank and FIU staff giving an overview of Islamic banking and explained the wide range of  products and their structures. The session also included comprehensive customer service framework, its metrics and importance for the growth of the Bank.

A full day Anti- Money Laundering  & Combatting Financing of Terrorism (AML/ CFT) session  was conducted covering the importance of understanding the wide range of  predicate offences,  the various typologies, the due diligence process, the Suspicious Transaction Indicators, the vulnerabilities of correspondent  banking & related due diligence  as well as the Risk Based Approach for an AML framework.

BIBF looks at extending its cooperation to the Central Bank of Seychelles (CBS), the Financial Services Authority (FSA) as well as the Financial Intelligence unit (FIU) with regards to supporting the skills and development initiatives in the financial sector.

BMIO Seychelles has also announced its plan to conduct a comprehensive training programme to develop the Information Technology and Operational skills of their staff in the coming month.