Compliance body, Saudi’s CMA link up on training

The International Compliance Association (ICA) has agreed a partnership with the Capital Market Authority (CMA) of Saudi Arabia to deliver two certificated training programmes in Anti-Money Laundering and Compliance.

The qualifications are aimed at professionals at CMA-regulated financial institutions in Saudi Arabi, but with scope to grow across all financial services sectors. They will encompass best-practice in all aspects of anti-money laundering, fraud prevention and regulatory compliance. Both are awarded in association with the University of Manchester Business School.

Chairman Abdulrahman Al-Tuwaijirisaid said the partnership is “very much the beginning of a long term programme to further enhance the standing, reputation and operations of the Saudi Arabian financial services industry”, ensuring practitioners are well-equipped to perform at the highest professional competency standards.

Bill Howarth, Chief Executive Officer of the ICA, said the ICA vision is of “a progressive global professionalization of compliance and risk”.

“Our partnership with the CMA in Saudi Arabia is a significant step in terms of formal sharing of information and best practice, delivering qualifications, setting standards and research in an exciting and fast growing financial services sector in the largest economy in the Middle East.”

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