CMA Organizes Workshop on Targeted Financial Sanctions

In continuation of the efforts of the Capital Market Authority to enhance the anti-money laundering and combating financing terrorism efforts in the regulated sector, and to enhance the financial institutions’ compliance, organized on Wednesday, in collaboration with Rakaiz International Consultancies and Training Institute, a workshop on “Targeted Financial Sanctions” for the compliance officers of the companies regulated by the CMA in the capital market and insurance sectors.

The workshop acquainted the participants with the  basics of  targeted financial sanctions and the standards applied in this regard, beside the preventive  measures the institutions must take to combat money laundering and terrorism financing as well as clarifications on enforcement and application of targeted financial sanctions. The participants were acquainted with the risks of money laundering and terrorism financing with practical examples.