13 September 2007
BankMuscat International (BMI) has announced the successful completion of its annual anti-money laundering (AML) and combating terrorist financing (CFT) course attended by its entire staff. The class was conducted by Hussam Al Abed, a leading AML consultant, and Nafeesa Al Balushi, general manager of Bahrain Financial Services Training Centre (BFST).
"I am delighted that we have worked with BFST to deliver greater awareness and training on AML to all our colleagues. Being fully compliant with the spirit and the letter of the regulation is central to how we think at BMI," said Andrew Bainbridge, bank chief executive officer.
The annual three-day course covered various basic and advanced levels of AML including customer due-diligence basics, detecting and reporting suspicious transactions, latest trends and recent cases as well as Central Bank of Bahrain's guidelines on money laundering & CFT. BMI, set up in January 2005, is a retail bank, registered in Bahrain and regulated by CBB and offering all retail and commercial banking activities.
BMI has been set up in association with some of the strongest and most respected financial institutions from across the GCC region including BankMuscat SAOG (Oman), Royal Court Affairs (Oman), Overseas Investment (Bahrain), Istithmar (United Arab Emirates) and Global Investment House (Kuwait). The bank was set up with a vision to become a dynamic regional bank providing innovative and unique financial solutions. The bank recently received its licence to open its first overseas branch in Qatar.
BankMuscat International (BMI) has announced the successful completion of its annual anti-money laundering (AML) and combating terrorist financing (CFT) course attended by its entire staff. The class was conducted by Hussam Al Abed, a leading AML consultant, and Nafeesa Al Balushi, general manager of Bahrain Financial Services Training Centre (BFST).
"I am delighted that we have worked with BFST to deliver greater awareness and training on AML to all our colleagues. Being fully compliant with the spirit and the letter of the regulation is central to how we think at BMI," said Andrew Bainbridge, bank chief executive officer.
The annual three-day course covered various basic and advanced levels of AML including customer due-diligence basics, detecting and reporting suspicious transactions, latest trends and recent cases as well as Central Bank of Bahrain's guidelines on money laundering & CFT. BMI, set up in January 2005, is a retail bank, registered in Bahrain and regulated by CBB and offering all retail and commercial banking activities.
BMI has been set up in association with some of the strongest and most respected financial institutions from across the GCC region including BankMuscat SAOG (Oman), Royal Court Affairs (Oman), Overseas Investment (Bahrain), Istithmar (United Arab Emirates) and Global Investment House (Kuwait). The bank was set up with a vision to become a dynamic regional bank providing innovative and unique financial solutions. The bank recently received its licence to open its first overseas branch in Qatar.
© Bahrain Tribune 2007
