Financial Crime World

Saudi Arabia’s Investment Academy Introduces FCPS Certificate to Combat Financial Crime

The Investment Academy Institute, in collaboration with the Saudi Arabian and GCC region, has launched the Financial Crime Prevention Specialist (FCPS) Certificate. This in-person and Arabic language program aims to equip professional officers with the necessary skills and knowledge to prevent financial crimes.

About Investment Academy

  • A leading financial training provider
  • Headquartered in Riyadh, Saudi Arabia
  • Authorized by the Ministry of Commerce
  • Regulated by the Technical and Vocational Training Corporation
  • Member of the Saudi Arabian Chamber of Commerce and Bahrain-based Global Chamber of Commerce and Business Industry (GCIBFI)
  • ILM recognition and extensive range of financial and managerial training programs
  • Caters to organizations and individuals in Saudi Arabia and GCC countries

FCPS Certificate program

  • Designed for professionals working in Financial Crime Prevention domain
  • Five-day workshop followed by an exam
  • Recognizes individuals’ expertise in financial crime prevention concepts and implementations

Outline of the Program

The FCPS program covers various financial crimes such as:

  • Fraud
  • Tax evasion
  • Market abuse
  • Money laundering
  • Terrorist financing
  • Bribery
  • Corruption

Participants will learn crucial procedures and practices to prevent financial crime, including:

  1. Cybersecurity issues
  2. International economic sanctions
  3. Compliance programs and ethics
  4. Asset recovery
  5. International standards in financial crime prevention
  6. Whistleblowing

Expected Learning Outcomes

Upon completing the FCPS program, participants can expect several learning outcomes:

  1. Identifying and managing financial crime risks in the organization
  2. Implementing and managing appropriate fraud controls
  3. Gaining a solid understanding of various types of financial sector fraud
  4. Recognizing cybersecurity threats and ways criminals use them
  5. Acquiring comprehensive knowledge of bribery and corruption
  6. Developing a comprehensive fraud response policy
  7. Learning effective whistleblower handling techniques

Assessment Information

  • The assessment for the FCPS program consists of 100 multiple-choice questions
  • Candidates have 120 minutes to complete it
  • The assessment will be available in both Arabic and English, with teaching material provided in Arabic
  • Participants who successfully pass the exam will earn the FCPS certificate and a one-year free Professional Membership to the Association of Governance, Risk, & Compliance (PAGRC)

To learn more about the FCPS certificate or any of the other programs offered by the Investment Academy, contact info@agrc.org.