AMLFC Institute and Kuwait Compliance Co. team up to take the anti-money laundering and financial crimes prevention market in Kuwait to the next level
The Anti-Money Laundering and Financial Crimes (AMLFC) Institute is pleased to announce its strategic partnership with Kuwait Compliance Co. to offer its internationally-recognized certifications, namely, its Certified Anti-Money Laundering & Financial Crimes Prevention certification (CAMLFC).
This partnership is organized to empower AML compliance and financial crimes professionals across Kuwaiti regulated markets with an option for an advanced level of applied knowledge and functional expertise necessary to successfully administer AML competencies across various lines of Kuwaiti businesses.
The CAMLFC Certification provides an overview of Anti-Money Laundering, Countering the Financing of Terrorism, and Financial Crimes Prevention. Its curriculum will deliver professionals to the Kuwaiti marketplace with practical knowledge of the field, able to work for the private sector, regulators, enforcement agencies, and governments. It is also conspicuously the only international AML certification course that will directly address Kuwait’s AML regulatory framework.
As Kuwait approaches its FATF mutual evaluation in 2020, keeping up with regulatory changes, as well as the ever-growing sophistication of money launderers and funders of terrorism, is critical for financial institutions and other regulated entities in Kuwait. Michelle Martin, Chairman and CEO of the AMLFC Institute, highlighted the importance of this partnership by stating, “There is currently a shortage of qualified, certified anti-money laundering labor globally. With our partner Kuwait Compliance Co., we are launching this international academic certification inspired by Financial Action Task Force recommendations.
This certification aims at developing individuals able to work for any regulated industry or regulatory agency. This initiative will provide hands-on practical knowledge to students, addressing the weaknesses often cited by prospective employers thereby ensuring efficient integration into the Kuwaiti marketplace. Additionally, the course is offered by experienced teachers and distinguished guest speakers, all eager to share their experience in the AML/FCP field in ways which help Kuwaiti interests to continue to prosper despite regulations.” The joint efforts of AMLFC Institute and Kuwait Compliance Co. will encompass changes emerging from recent developments in Kuwait and the GCC region’s regulatory framework while expanding tangible strategies to reinvigorate current compliance infrastructure with risk-based innovation necessitated by the constantly rising regulatory expectations.
“With this strategic partnership with the AMLFC Institute, Kuwait adds yet another distinction in its continued rise globally. We have already made substantial strides in response to recent regulatory developments to ensure regulated entities are equipped with the best-in-class training and consulting solutions,” said Huda Al Enezi, General Manager of Kuwait Compliance Co. Kuwait Compliance will conduct the certification courses, while engaging governmental bodies, regulators, financial institutions and Designated Non-Financial Businesses and Professions (DNFBPs) who deal with AML and Terrorism Financing. “Our partnership with the AMLFC Institute is instrumental to creating a body of competent AML compliance professionals by delivering internationally recognized certifications such as CAMLFC to address persistent global challenges in AML and Financial Crimes Prevention,” indicated Huda Al Enezi. “The AMLFC Institute certification programs are competitively priced and go far beyond the theoretical approaches of other AML/CFT instruction in Kuwait. Having worked extensively with the financial services sector among other designated high-risk sectors in Kuwait, our own certified instructors recognize the positive impact the CAMLFC certification and other specialized certifications by the AMLFC Institute will have on the work of many incumbent and aspiring compliance professionals.”
About the AMLFC Institute®
The Anti-Money Laundering and Financial Crimes (AMLFC) Institute offers professionals, regulators, law enforcement, and undergraduate and graduate students the opportunity to earn certifications in the field of Anti-Money Laundering (AML) / Countering the Financing of Terrorism (CFT) / Financial Crimes Prevention (FCP). The Institute also conducts academic research and other activities for the purpose of advancing knowledge in the field of AML/CFT/FCP.
The AMLFC Institute has partnered with a worldwide network of universities promoting quality education and high standards of ethics. Its global certification scheme produces a wider pool of knowledgeable workers and is recognized internationally. The AMLFC institute curriculum delivers to the marketplace individuals with practical knowledge of the field, able to work for the private sector, regulators, enforcement agencies, and governments. Students completing a professional certificate and actively maintaining their membership in the AMLFC Institute will be authorized to use the respective designation. The Institute is working towards the creation of internship and job opportunities for its students. Interested businesses and organizations should contact the AMLFC Institute.
For more information, Visit amlfc.institute
Contact
Michelle Martin,
Chairman & CEO
+1 786 538 6260
Kuwait Compliance Co. Media Relations
Kuwait Compliance Co. is a compliance and AML/CFT consulting and training provider operating out of Kuwait and serving the Middle East. Kuwait Compliance Co. provides Compliance and AML/CFT services to organizations operating in the financial and non-financial services sectors. Our expertise in the local regulatory environments, along with our functional know-how across several industries, especially those subject to the supervision of the proper regulatory authorities, enables us to offer our clients tailor-made solutions in Compliance and AML/CFT.
[email protected] +965 6772 288
