CMA Concludes ICA Program on Combating Money Laundering

The Capital Market Authority concluded the international advanced certificate program on combating money laundering for compliance officers of the regulated companies in the capital market and insurance sectors.

The program was organized via Zoom teleconferencing to enhance the anti-money laundering and combating financing terrorism efforts in collaboration with the International Compliance Association (ICA).

The program comprised five workshops and the participants were tested at the end of the program to obtain the professional certification and membership in the ICA for one year qualifying the members to benefit from the literature, training courses and services offered by the ICA.  The first session of the program was conducted early this year with participants from the companies operating in the field of securities with wide turnout from the companies and participants and the second session was held in September for the companies operating in the insurance sector.

It is worth to note that the program is part of the Anti-money laundering and combating financing terrorism programs and workshops executed by the CMA represented by the Anti Money Laundering and Combating Financing Terrorism Department in 2002 in collaboration with various entities for awareness purposes among the regulated entities.