Dubai PR Network, Online Press Release from Dubai and Middle East
 
Education, Universities & Training(Education & Training)
Filter PR by
  
FERG and ACC deliver first AML training for 40 exchange houses
 

Dubai, United Arab Emirates - November 11, 2019:    Allied Compliance Consultancy (ACC), the only authorized trainer for Certified Anti Money Laundering Specialist (CAMS) in the UAE, conducted the first training module on advanced AML for FERG member exchange houses.

 

Dubai, November 11, 2019: The UAE’s Foreign Exchange and Remittance Group (FERG) and Allied Compliance Consultancy (ACC) completed the first successful training on advanced Anti Money Laundering for their exchange houses. Forty exchange houses had participated in the training schedule, which has been designed for keeping members up to date with the latest regulations in the industry.

 

FERG’s collaboration with ACC, a leading training institute in UAE, is in line with the Group’s vision to further enhance compliance capabilities of exchange houses and remittance providers in the UAE. As ACAMS partners in the Middle East & Africa, ACC has been working closely with ACAMS to support the collective goal to reduce financial crimes, money laundering and terrorist financing globally. 

 

Highlighting FERG’s commitment to providing the best training and development to their member exchange houses, Mr. Mohamed Ali Al Ansari, Chairman of FERG, said, “At FERG, we strive to position the UAE as a market leader in money exchange and remittances, which requires us to ensure that all our member exchange houses have access to the best training initiatives that help them adopt maintain global standards. Our partnership with ACC, the only authorized trainer for Certified Anti Money Laundering Specialist (CAMS), not only helps us fulfil this mission but also contributes towards the development of a dynamic, innovative and stable foreign exchange and remittance sector.”


Commenting on the significance of the training sessions for exchange houses, Osama Al Rahma, Vice Chairman of FERG, added, “While digitalization in the financial sector has expanded, threats and risks are at an all-time high. Our strategy to keep the industry updated on the latest AML and CTF trends is aligned to the Central Bank’s directives and initiatives to ensure a robust and secure financial and remittance sector. It is our responsibility to ensure exchange houses and remittance providers are well-equipped to deal with existing and emerging threats. As the industry grows and transforms, we need to ensure that it does so responsibly and with the customers’ best interests in mind.” 

 

The tie-up between FERG and ACC, offers a list of courses for member exchange houses, including Fraud & Counterfeit, Risk Assessment, Ethics & Integrity, Advanced AML/CTF for Managers, Advanced AML/CTF for Compliance Officers, IT & Cyber Security, Branch Marketing & Customer Service, Accounts & Finance for Exchange houses and Corporate Governance including the CAMS training. Additionally, member exchange houses can select courses offered exclusively by ACC on (CAMS) – Certified Anti Money Laundering Specialist, (CFCI) - Certified Financial Crimes Investigator, CAMS Audit and CAMS FCI with a 25 % discount on respective courses. 


Posted by : Dubai PR Network Editorial Team
Viewed 3977 times
PR Category : Education & Training
Posted on : Monday, November 11, 2019  3:20:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Emirati Students Set to Make Homes More Energy Efficient at ...
Next Story : GEMS Jumeirah Primary School hosts H.H. Sheikha Fatima Bin H...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
'Tis the Season to Be Glamorous - Beauty Essentials from GlamBeaute.com! [12792-Views]
Holiday Hair-Styling Essentials from VIERRO [12786-Views]
Chloé's Iconic “Carlina” Sunglasses In a Precious New Interpretation [12780-Views]
Luxe Beauty Gifts for your Loved Ones this Festive Season [12609-Views]
Your Holiday Gift Guide for Her [12090-Views]
Homegrown Jewellery Brand Sumaya Bakkar Collections Curated Festive Gift List [11700-Views]
New year, New You with Lunette [10614-Views]
Uncovering the Beauty of Mechanics' [10614-Views]
Weather-proof your hair with HASK [10346-Views]
Free gold coins at Malabar Gold & Diamonds Festival. [9559-Views]
The Real Secret to 10 Years Younger: Argan Face Oil [9150-Views]
Eberhard & Co. and the new “Quadrifoglio Verde” chronograph, dedicated to the prestigious... [9132-Views]
OMEGA Celebrates The New James Bond Watch in New York [8638-Views]
Retrograde Fusion' [7747-Views]
Mouawad and the Miss Universe Organization Unveil the Miss Universe Power of Unity Crown, ... [7570-Views]
Berkan Steakhouse Launches in Dubai [5893-Views]
Cole Haan Makes Its Debut at Sole Dxb 2019 Showcasing Footwear Collaborations [4843-Views]
Dubai Festival City Mall Visitors In for A Jolly Festive Season Like No Other in Dubai [4715-Views]
Dubai Cares' Volunteers bring hope to children in remote village in Senegal [4490-Views]
Emotional and highly dynamic: the design of the MINI John Cooper Works GP. [4484-Views]
NYU Abu Dhabi Class of 2017 graduate Alioune Fall named as 2021 Schwarzman Scholar [4441-Views]
Best Menswear Items [4233-Views]
Love Your Skin Better with Sukin® Skincare [4227-Views]
Customs World inks MoU with Indonesia to roll out World Logistics Passport [4191-Views]
Statement Cardigans [4118-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories