DIFC Academy joins hands with International Compliance Association to develop Local Human Capital in the UAE

The agreement is designed to equip local talent with the latest knowledge and skills they need to excel in their role and safeguard Dubai's position as a global financial hub and a center of excellence and innovation in the financial services industry

  
Alya-Al Zarouni, Executive Vice President, Operations

Alya-Al Zarouni, Executive Vice President, Operations

Dubai International Financial Centre (DIFC) Academy has entered into an agreement with the International Compliance Association (ICA), the leading professional body for the global regulatory and financial crime compliance community, to develop local human capital in the region by offering ICA education to UAE nationals and residents.

The agreement is designed to equip local talent with the latest knowledge and skills they need to excel in their role and safeguard Dubai's position as a global financial hub and a center of excellence and innovation in the financial services industry. The partnership is in line with and supports UAE Vision 2021 to build a competitive knowledge-based economy by developing local capabilities and investing in education.

Building on ICA’s presence in the United Arab Emirates for the last 12 years, the partnership extends ICA’s programmes to the financial services workforce in the region and will include localised content in many courses as well as the international best practice for which the qualifications are renowned.

The launch comes at a time of economic reforms and an accelerated regulatory change in the UAE, as the country ranked in the top four in MENA region for its focus on compliance and significant investment in 2019, according to a recent survey[1]. The survey further states that 83 percent of organisations in MENA, including in the UAE, plan to dedicate more resources to compliance over the next two years.

Helen Langton, ICA CEO for the region, commented: “During this challenging time as a result of the COVID-19 outbreak, organisations are having to manage new and increased forms of risks in order to safeguard their reputation and fight financial crime more effectively. Building highly skilled human capital through investing in world-class education is central to ensuring your firm is protected against risk. I am especially pleased to partner with DIFC Academy and combine ICA’s international expertise with their local knowledge in order to help raise the standards in regulatory and financial crime compliance in the UAE.”

Alya Al Zarouni, Executive Vice President of Operations and Head of DIFC Academy, DIFC Authority, said: “By fostering the next generation of future talent to enter the workplace, it reflects our steadfast commitment to delivering essential knowledge and qualifications that will support and drive the future of finance.

“At this time, it is more important than ever to prioritise industry collaboration and provide the financial services professionals with a range of programmes to enhance and expand their knowledge that will drive further development in the financial sector. We look forward to working in close cooperation with International Compliance Association and building on our existing robust ecosystem to effectively contribute to a competitive knowledge-based economy and increase sector diversification in the UAE.”

To view the full suite of qualifications, visit: https://www.int-comp.org/course-finder/ 

Ends

About Dubai International Financial Centre  

Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and a nominal GDP of USD 7.7 trillion. With a 15-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.

DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of more than 25,000 professionals working across over 2,400 active registered companies – making up the largest and most diverse pool of industry talent in the region.

The Centre’s vision is to drive the future of finance. Today, it offers one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.

Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai’s most sought-after business and lifestyle destinations.

For further information, please visit website: www.difc.ae  or follow us on Twitter @DIFC.

About the International Compliance Association

The International Compliance Association (ICA) is the leading professional body for the global regulatory and financial crime compliance community. It has enhanced the knowledge, skills and behaviour of over 142,000 professionals in 153 countries either through their internationally recognised portfolio of professional qualifications (awarded in association with Alliance Manchester Business School, the University of Manchester) or through accredited in-company training.

For more information visit: www.int-comp.org 

For any media inquiries or interview requests, contact:

Slavka Atanasova
Slavka.atanasova@int-comp.org
+44 7561525126 

[1] Source: Refinitiv, ‘Middle East and North Africa (MENA) Financial Crime Survey 2020’. Last Accessed 27/04/2020


Send us your press releases to pressrelease.zawya@refinitiv.com 

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases