Browse
related articles
The training was conducted to educate the employees about the concept, consequences and how to detect money laundering in financial institutions. The training was facilitated by Professor Bushra Haddad, a specialist in the field.
The term money laundering means any financial transaction which generates an asset or a value as the result of an illegal act. It is well known as an operation aimed at concealing the true source of the funds and providing them legitimacy via various means.
Commenting on this initiative, Mr. Mahmood Muslim, compliance officer & MLRO for CrediMax said:
"Due to the serious nature of the offences that are committed under Money Laundering, it is of prime importance that we as financial organisations support and assist our government to combat this phenomenon. Both, the society and economy of the country suffer irreparable damages when individuals or organisations go unnoticed. This mainly happens because people are not educated on how to detect such an incident. It is our duty to ensure a safe financial future for our Kingdom and hence under Central Bank of Bahrain compliance we have hosted this training for our staff."
Digg
Facebook
LinkedIn
Twitter
Posted by Nadeen El Ajou
It looks like you are using a Mac - check out our 
Web Feeds