The CMA Concludes ICA Certificate in Anti Money Laundering Program

As part of the efforts made by the Capital Market Authority (CMA) to enhance anti-money laundering and combating financing terrorism system of its regulated sectors and its belief together with the companies’ understanding with the importance of the financial institutions’ compliance to implementing training programs for their employees, the CMA, under the patronage of the executive vice president, concluded the second session of the ICA Certificate in Anti-Money Laundering Program.

The program targeted licensed companies in the insurance sector and included five training workshops. At the end of the program, a number of 23 participants took a test for obtaining the certificate.   At the closing ceremony, the efforts made by licensed companies in the sectors were commended; as they endeavor to qualify compliance officers and those related in the anti-money laundering and combating financing terrorism.  This eventually enables them to effectively implement the law and its regulations in this regard.

It is worth mentioning that this program comes at its second session. The first session targeted compliance officers in companies regulated by the CMA in the capital market sector. This comes as part of a series of programs and workshops related to anti-money laundering and combating financing terrorism organized by the CMA, represented by Anti-Money Laundering and Combating Financing Terrorism Department.