Somali Bankers Association Rolls Out Compliance Training for Financial Sector Professionals

The Somali Bankers Association (SBA) has launched a compliance training program for professionals in the financial industry to enhance human capital, improve understanding of the sector, and boost productivity.

Objectives of the Training Program

Increase human capital
Improve individual understanding of the sector and the financial industry
Enhance skills in one or more areas of commercial banking
Boost motivation to perform tasks well and develop innovative products and solutions
Drive comprehensive productivity and performance

Strengthening the Financial Sector

Through this initiative, SBA seeks to strengthen the financial sector by:

Empowering professionals with the tools and expertise needed to navigate complex regulatory requirements
Managing risk effectively
Delivering high-quality services to clients

The training program is designed to cater to the diverse needs of participants from various backgrounds, including:

Professional bankers
Accountants
Regulators
Bank employees

Promoting Economic Development and Prosperity

By providing a comprehensive understanding of compliance requirements and best practices, SBA aims to contribute to the growth and stability of Somalia’s financial sector, thereby promoting economic development and prosperity in the region.

Overall, this initiative demonstrates SBA’s commitment to developing the skills and knowledge of financial sector professionals, ultimately leading to a more robust and resilient financial system.