BACO and BIB Partner with ICA to Launch Compliance Training in the Bahamas

Strengthening Regulatory Framework in Financial Services Sector

The Bahamas Association of Compliance Officers (BACO) and the Bahamas Institute of Bankers (BIB) have joined forces with the International Compliance Association (ICA) to launch a new diploma course in compliance and anti-money laundering. This comprehensive training program aims to enhance the knowledge and skills of professionals working in the financial services sector.

Target Audience

• Professionals employed in compliance or anti-money laundering roles within financial services businesses
• Individuals seeking an understanding of fundamental regulatory principles and practices

Upon completion, practitioners will be eligible for Associate Membership with BACO or can apply for full membership through their institutions.

Benefits of the Diploma Course

• Gain individual professional membership of ICA (MICA)
• Opportunity to progress to Fellowship (FICA) after five years of relevant working experience
• Prestigious qualification recognized globally as a benchmark of excellence in compliance expertise

BACO President expressed enthusiasm for this initiative, stating that “the partnership with ICA will significantly enhance our ability to equip financial professionals with the knowledge and skills required to navigate an increasingly complex regulatory environment.”

How to Get Involved

For more information on the Diploma Course or to inquire about membership opportunities, interested individuals are encouraged to:

• Contact any member of BACO’s Executive Committee
• Reach out to the Bahamas Institute of Bankers at 325-4921/325-4955
• Send an email inquiry to bibroyalbah@netbahamas.com