Manama, Bahrain - Monday July 14, 2014:

BIBF, in collaboration with the Association of Certified Anti-Money Laundering Specialists (ACAMS), is launching the Advanced AML-Audit Certification for all qualified Certified Anti-Money Laundering Specialists (CAMS) in the region for the first time in Bahrain.

The 3-day course, set to take place in September of this year, helps fill the growing need for advanced professional certifications within the field of anti-money laundering (AML), and is in line with the Central Bank of Bahrain's (CBB) mandate to the BIBF to lead the education drive on AML within the financial services community.

"BIBF has gone beyond the awareness boundary by creating greater opportunities in career development and protecting the financial industry and the economy at large by advancing anti-money laundering professionals in the MENA Region", said BIBF Director Solveig Nicklos.

The course will aid participants in evaluating the effectiveness and adequacy of AML compliance programs, address and mitigate AML risk, and assess the adequacy of transactions testing. It will also teach candidates to identify, analyse and recommend enhancements to policies, procedures and processes in accordance with the regulations.

"The programme has provided in-depth knowledge on AML theories and practices, and has become a prestigious credential in the field in terms of professional development. It offers a clear oversight of all the major topics that AML officers cope with on a day-to-day basis", said Omar Amanat, Compliance Officer at Ahli United Bank and a recent CAMS graduate.

The CAMS results for the student group who attended the recent BIBF preparatory course are well ahead of the ACAMS 65% pass rate for the MENA region. 

The Advanced AML-Audit Certification will take place from the 9th to the 11th of September at the Crowne Plaza Hotel, Bahrain.

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About BIBF
BIBF plays a vital role in the training and development of human capital for the business sector of the Kingdom of Bahrain. BIBF also partners with numerous world-class institutions such as DePaul university and Bangor university, delivering thought leadership, research and advisory, assessment and training solutions in the areas of Accounting and Finance, Academic, Executive development, Banking, Leadership and Management, Insurance as well as Islamic Finance and Information Technology.

BIBF also has over 300 different courses offered in the field of business which come alongside tailor-made training solutions based on organisational requirements; specialised programmes taught by leading market specialists; and professional qualifications and degree programmes in partnership with accredited international organisations.

Since its inception in 1981, BIBF has grown from training 450 applicants a year primarily within the banking industry, to 20,000, drawing participants from all sectors in the field of business. This growth allowed the BIBF to qualify over 200,000 learners in the last 3 decades.

BIBF's faculty is comprised of business veterans, academics and qualified senior industry professionals. BIBF also has a very strong international presence, and has made its mark with clients in Asia, Africa, Europe, USA and the Middle East.

For further information please contact:
Hisham Abu Alfateh
Head of Marketing & Communications
Tel: +973 1781 6331
Email: hisham@bibf.com

© Press Release 2014