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Somalia Seeks to Improve Compliance Training for Finance Professionals
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In an effort to strengthen its financial sector, Somalia has launched a comprehensive compliance training program for finance professionals. The program aims to equip participants with the knowledge and skills necessary to develop and manage effective compliance systems that are integrated into business operations.
What is the Program About?
The training course covers all critical aspects of compliance management, including:
- Risk assessment
- Audit techniques
- Monitoring tools
- Risk management strategies
Participants will gain hands-on experience in creating compliance policies, implementing compliance programs, and managing compliance-related risks.
Why is Compliance Important for Somalia’s Financial Sector?
Effective compliance management is essential for organizations operating in Somalia’s financial sector to mitigate risks, enhance credibility, and ensure sustainable growth. As a senior official at the Somali Financial Regulatory Authority (SFRA) notes:
“Compliance training has become a critical component of business operations in Somalia. Our goal is to empower finance professionals with the knowledge and skills they need to develop robust compliance systems that are integrated into their businesses.”
Who Can Participate?
The program is open to all finance professionals, including:
- Senior management
- Compliance officers
- Human resource professionals
- Internal and external auditors
- Investors
- Shareholders
Course Details
The training course consists of 10 modules and will take place at the Skills for Africa Training Institute in Mogadishu. The details are as follows:
| Duration | Venue | Course Fee |
|---|---|---|
| 10 days | Skills for Africa Training Institute, Mogadishu | Covers tuition, materials, lunch, and training venue |
Additional information on accommodation and airport transfers can be provided upon request.
Contact Us
For more information about the compliance training program or to register, please contact:
Somali Financial Regulatory Authority (SFRA) training@skillsforafrica.org