Kuwait Compliance Co. was invited by the Institute of Banking Studies to deliver the AML/CFT training in a session at IBS headquarters yesterday to the newest group of the Kuwaiti Graduates Development Program. AML/CFT training is a prerequisite of this program.

The course addressed several important topics, including the definition of money laundering and the financing of terrorism domestically and internationally; the stages of money laundering, its economic implications, the concerned local and international organizations, the applied sanctions; as well as the procedures to be taken in banks to combat money laundering and the financing of terrorism in accordance with Law No. 106 of 2013, its bylaws, and the instructions of the Central Bank of Kuwait.

The course was attended by 19 participants from distinguished graduates from Kuwaiti and foreign universities who have recently been appointed at Kuwaiti banks in an effort to refine their practical skills and professional knowledge through a one-year program organized by the Institute of Banking Studies that paves the way for them to assume leadership positions.

Kuwait Compliance Co. Media Relations

[email protected]
+965 6772 2888

Institute of Banking Studies Media Relations

Kholoud Diab
[email protected]
https://www.kibs.edu.kw
+965 2290 1100