FORT WASHINGTON, PA – Banker’s Academy, the leading global provider of training solutions to the financial services industry, announced today that it has extended its Anti-Money Laundering (AML) for Saudi Arabia eLearning training program to include new content as set forth by the Capital Markets Authority (CMA) requirements.
The training is designed to help Saudi financial institutions comply with a new mandate requiring that all compliance officers participate in Anti-Money Laundering and Counterterrorism Financing (AML/CTF) courses.
During a keynote address, Ahmed Aljasser, director of Capital Market Institutions Supervision Department at CMA, said the CMA seeks to enhance the culture of compliance among financial institutions as part of a long-term strategic goal to enhance the financial services industry in Saudi Arabia.
What the mandate requires.
Compliance officers working for authorized financial institutions, known as authorized persons, must attend two courses in AML/CTF, that are meet the requirements set forth by the CMA. As an Industry Best-Practice, it is also important to extend training to all financial institution personnel as well and we recommend all staff take the training.
The CMA also revised its AML/CTF requirements in 2011.
AML/CTF compliance with Banker’s Academy training.
Banker’s Academy’s comprehensive AML training curriculum is tailored to help Saudi institutions meet the CMA’s revised requirements. The program offers:
- The most complete, accurate, and up-to-date content.
- Flexible, innovative e-learning that engages and motivates employees.
- Industry-leading Learning Management System (LMS).
- Trackable training that reduces risk for the lender.
- Consistent message across the corporate footprint.
A wide range of compliance programs.
Banker’s Academy also offers Compliance training on other relevant topics for Saudi financial institutions, including the Saudi Arabia Monetary Agency (SAMA), Fraud, Banking Security, Risk Management, and more.
Contact us today at www.bankersacademy.com to find out more.
About Banker’s Academy
With 25+ years of experience and over 2,500 clients, Banker’s Academy is the leading global provider of training solutions to the financial services industry, with a focus on banks, credit unions, and money service businesses. We’re a partner you can count on to help you achieve your business goals. For more information, call 888-433-2666 or go to www.bankersacademy.com