Complex Made Simple

BIBF to launch advanced anti-money laundering certification for the first time in the Kingdom

BIBF, in collaboration with the Association of Certified Anti-Money Laundering Specialists (ACAMS), is launching the Advanced AML-Audit Certification for all qualified Certified Anti-Money Laundering Specialists (CAMS) in the region for the first time in Bahrain.

The 3-day course, set to take place in September of this year, helps fill the growing need for advanced professional certifications within the field of anti-money laundering (AML), and is in line with the Central Bank of Bahrain’s (CBB) mandate to the BIBF to lead the education drive on AML within the financial services community.

“BIBF has gone beyond the awareness boundary by creating greater opportunities in career development and protecting the financial industry and the economy at large by advancing anti-money laundering professionals in the MENA Region”, said BIBF Director Solveig Nicklos.

The course will aid participants in evaluating the effectiveness and adequacy of AML compliance programs, address and mitigate AML risk, and assess the adequacy of transactions testing. It will also teach candidates to identify, analyse and recommend enhancements to policies, procedures and processes in accordance with the regulations.

“The programme has provided in-depth knowledge on AML theories and practices, and has become a prestigious credential in the field in terms of professional development. It offers a clear oversight of all the major topics that AML officers cope with on a day-to-day basis”, said Omar Amanat, Compliance Officer at Ahli United Bank and a recent CAMS graduate.

The CAMS results for the student group who attended the recent BIBF preparatory course are well ahead of the ACAMS 65% pass rate for the MENA region.

The Advanced AML-Audit Certification will take place from the 9th to the 11th of September at the Crowne Plaza Hotel, Bahrain.

For further information please contact:
Hisham Abu Alfateh
Head of Marketing & Communications
Tel: +973 1781 6331
Email: [email protected]