Financial Crime World

Saudi Arabia’s Investment Academy Introduces New Financial Crime Prevention Specialist (FCPS) Certificate

Overview of the FCPS Certificate Program

The Investment Academy Institute in Saudi Arabia, in cooperation with the Financial Crime Prevention Specialist (FCPS) certification program, is excited to launch a five-day Arabic language training workshop in Riyadh, Saudi Arabia. This program targets professional officers in the Financial Crime Prevention sector and aims to provide them with the essential knowledge and skills to combat financial crimes.

About Investment Academy

  • Leading financial training provider in Saudi Arabia and the GCC region
  • Headquartered in Riyadh, authorized by the Ministry of Commerce, regulated by TVTC
  • Member of the Chamber of Commerce of Saudi Arabia and GCIBFI of Bahrain
  • ILM Recognized Provider
  • Offers training programs in financial and managerial domains

Program Highlights

The FCPS Certificate program covers various financial crimes, including:

  • Fraud
  • Tax evasion
  • Market abuse
  • Money laundering
  • Terrorist financing
  • Bribery and corruption It provides participants with procedures and processes to implement effective financial crime prevention measures:
  • Cybersecurity issues
  • International economic sanctions
  • Compliance programs
  • Ethics
  • Asset recovery
  • Adhering to international standards

Expected Outcomes

Upon completion of the program, graduates can expect to:

  1. Understand financial crime risks and associated threat vectors.
  2. Define, implement, and manage fraud controls within their organizations.
  3. Develop a solid understanding of fraud types in the financial sector.
  4. Recognize identity theft, electronic crime, and other cybersecurity threats.
  5. Gain a comprehensive understanding of bribery and corruption institutionally.
  6. Create an efficient and comprehensive fraud response policy.
  7. Learn how to effectively handle whistleblowers.

Exam Information

The FCPS certification exam consists of 100 multiple-choice questions and lasts for 120 minutes. To pass, candidates must achieve a minimum score of 70%. The exam is offered in Arabic for teaching and Arabic or English for testing.

Post-Graduation Benefits

Successful graduates will automatically become Professional Members of the Association of Governance, Risk & Compliance (PAGRC) and receive one year of membership. This grants access to exclusive resources, discounts, and networking opportunities.

For more information about the FCPS program and other offerings from the Investment Academy, please contact info@agrc.org.