ABG holds specialised Diploma in AML/CFT
Manama : The Bahrain based Islamic banking group, Al Baraka Banking Group (ABG) organised a specialised diploma programme in AML / CFT in collaboration with the Union of Arab Banks and the Beirut Arab University last week.
The programme, held at the Group’s headquarters in Bahrain Bay, continued for three days from 21 till 23 February 2017, and was lectured by specialists and experts bankers. 21 staff from various units of the Group participated in the programme. The executive management of the Group led by Adnan Ahmed Yousif, Member of the Board and President & Chief Executive of Al Baraka Banking Group was also participated in the opening of the programme.
The programme included a presentation of core subjects in the field of combating money laundering and terrorist financing, such AML / CFT laws, KYC law, diligence due customer, compliance, role of compliance officer, FATF Recommendations, Basel Recommendations, risk based approach, governance, procedures and policies, international sanctions, de-risking, financial crimes caused by ePayments, current challenges in international situation and other topics.
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