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Macao’s Banking Sector Embraces Compliance Certifications: A Guide to Certified Banker (CB) Macao (Stage I)

The banking industry in Macao has taken a significant step towards ensuring compliance and professionalism by introducing the Certified Banker (CB) Macao certification. This certification program, launched in Stage I, aims to equip bankers with the necessary skills and knowledge to navigate the complexities of the financial sector.

Training Outline

To achieve this certification, candidates will undergo rigorous training that covers various essential subjects:

• ECF on AML/ CFT Macao (Core Level): This subject focuses on anti-money laundering and combating the financing of terrorism in Macao.
• Fundamentals of Accounting (Macao): This topic provides an understanding of accounting principles and practices specific to the Macao market.
• Risk Management (Macao): This subject equips candidates with knowledge on identifying, assessing, and mitigating risks in banking operations.
• Professional Ethics and Compliance (Macao): This topic emphasizes the importance of ethics and compliance in banking practices.
• Future Banking and ESG: This subject explores the impact of environmental, social, and governance factors on banking and finance.

Examination Structure

Upon completing the training program, candidates will be required to pass a series of examinations that assess their knowledge and understanding of these subjects. The examination structure is as follows:

• ECF on AML/ CFT Macao (Core Level): Multiple-choice questions with a passing mark of 70% and a duration of 2.5 hours.
• Fundamentals of Accounting, Risk Management, Professional Ethics and Compliance, and Future Banking and ESG subjects: Multiple-choice questions with a passing mark of 70% and a duration of 1.5 hours.

Benefits of the Certification Program

This certification program is designed to enhance the skills and expertise of bankers in Macao, ensuring that they are equipped to meet the ever-evolving demands of the banking industry while maintaining compliance with regulatory requirements. With its comprehensive training outline and rigorous examination structure, the Certified Banker (CB) Macao certification has set a new standard for professionalism in Macao’s banking sector.

By obtaining this certification, bankers can demonstrate their commitment to excellence, stay up-to-date with industry developments, and maintain a competitive edge in the market.