Bahraini Banks and Financial Institutions Embark on Anti-Money Laundering Training

A Bid to Combat Financial Crime

In a significant effort to combat financial crime, Bahrain’s banking sector has launched an intensive training program aimed at equipping employees with the skills necessary to prevent, detect, and report money laundering activities.

Course Overview

The course is designed for:

• Staff with specific anti-money laundering duties
• AML/Compliance Professionals
• Senior Management
• All staff working in financial services who want an introduction to anti-money laundering

Key Course Objectives

Through a series of modules, participants will gain an understanding of the financial crime prevention framework, which incorporates:

• Prevention of financial crime
• Financial crime prevention training

The course will also explore the vulnerabilities of financial institutions in money laundering and terrorist financing, as well as learn about anti-money laundering and combating terrorist financing, and legal and regulatory structures.

Course Benefits

By the end of the course, participants will be able to:

• Understand the process of Money Laundering
• Learn about Regulations applicable to firms/banks
• Understand FATF roles in Anti-Money Laundering
• Know the penalties for non-compliance with AML legislation
• Learn how Anti-Money Laundering and Countering Terrorist Financing (CTF) might prevent it

Outcome of the Training Program

By equipping employees with the necessary skills and knowledge, banks can better prevent, detect, and report suspicious transactions, ultimately protecting themselves and their customers from financial crime.

Bahraini Banking Sector’s Commitment

The Bahraini banking sector’s commitment to anti-money laundering training is a positive step towards combating financial crime and ensuring the integrity of the financial system.