Compliance Training for Financial Professionals Reaches New Heights in Cape Verde

Enhancing Compliance Standards

In a significant move to boost compliance standards in Cape Verde, the International Compliance Foundation Level training was recently conducted for financial professionals from commercial banks and the central bank. The four-day program aimed to equip participants with the necessary skills to effectively understand the technical and practical aspects of a Compliance Officer’s function.

Key Highlights

• The training took place at the new offices of Banco de Cabo Verde, where a motivated group of compliance professionals attended the event.
• Participants delved into case studies specific to Cape Verde, gaining a deeper understanding of the legal and regulatory environment that a Compliance Officer must navigate.
• Luxembourg’s chargée d’affaires in Praia, Mr. Thomas Barbancey, honored the group with his presence at the closing event.

Organizers’ Appreciation

The training would not have been possible without the invaluable support of the BCV team, who organized the event with exceptional mastery.

Impact on Compliance Standards

The International Compliance Foundation Level training is a significant milestone in Cape Verde’s efforts to strengthen its compliance standards and enhance the financial sector’s reputation globally. With this training, financial professionals in the country are now better equipped to:

• Make informed decisions
• Implement regulatory frameworks effectively
• Enhance their understanding of legal and regulatory environments

Conclusion

The successful completion of the International Compliance Foundation Level training marks a significant step forward in Cape Verde’s commitment to compliance standards. As the financial sector continues to evolve, this training will undoubtedly play a crucial role in shaping the future of compliance in the country.