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Solidarity completes anti-money laundering workshops
- Bahrain: Tuesday, July 17 - 2007 at 13:55
- PRESS RELEASE
Solidarity, one of the largest Takaful companies in the world, has just completed a series of five consecutive Anti-Money Laundering Training workshops.
Around 40 of Solidarity's employees from various departments completed five workshops conducted by the Legal & Compliance Department with direct support from the HR Department. Ms. Mariam Al-Ameer, Senior Compliance Officer, and Salah Eldin Elbes, Training & Development Manager, focused on identifying the stages of money laundering, company and staff obligations and the reporting process.
Solidarity's aim is to support the Kingdom's efforts towards increasing awareness about the means to combat money laundering through emphasizing the major role played by the financial sector to strengthen Bahrain's economy.
Commenting on the completion of the workshops, Mr. Ashraf Bseisu, General Manager at Solidarity, said: "On behalf of Solidarity's executive management, I would like to congratulate those who successfully completed Solidarity's Anti-Money Workshops. There is no doubt, that Anti-Money laundering is a major commitment towards our clients and the Central Bank of Bahrain. Therefore, we will make sure that all our employees are trained in accordance with the international business quality standards and the directions of the CBB."
Mr. Bseisu also thanked the Solidarity Legal & Compliance Department headed by Mr. Waleed Hashim, Senior Manager - Legal & Compliance, for all of their efforts in this regard.
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Notes and media contacts
For more information, please contact:Bassel Hanbali
Head of Corporate Communications & Marketing, Solidarity
Or
May Marzooq - Senior Marketing Communications Officer
Tel: +973 17 578777
Fax: +973 17 578787
About Solidarity
Established as one of the Largest Takaful Companies in the world with US$ 100 million in paid up capital and US$ 300 million authorized capital, Solidarity provides Takaful products that comply with Islamic Sharia'h across the globe.
Solidarity is set to capitalize on the success of its opening years by continuing its expansion in to key international markets. To strengthen its current position and achieve the expansion strategy, Solidarity increased the authorized capital to US$ 500 million and the paid up capital to US$ 150 million and is in the process of increasing it to US$ 275 million.
Solidarity provides Islamic Financial Planning through a range of Family Takaful saving and investment plans with Takaful Protection Benefits ideally suited for education, retirement and wealth accumulation; in addition to Home Financing and other general Takaful protection products that include Motor, Property, Marine Employee Benefits (Medical) and other corporate/ business related protection such as Engineering, Liability, Director & Offices and others.
Solidarity has the resources to deliver unmatched risk management financial solutions, tailored to meet the needs of individuals, families and businesses.
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