Qatar First Investment Bank (QFIB), the leading Shar’iah-compliant, unaffiliated investment bank, today announced the completion of an employee training program on anti money laundering (AML) and countering financial terrorism (CFT).
The first workshop, held on Tuesday, August 3rd, was delivered by Mr. Reza Zaidi, Head of Compliance and Mr. Duncan Gore, Compliance & AML Manager at QFIB. Senior members of the Strategic Investment and Private Equity departments were updated on the latest rules and regulations of the Qatar Financial Centre and were provided a refresh of applicable Qatari laws. The in-house training session was tailored to staff responsibilities with regards to AML and CFT and included case studies to illustrate the importance of this issue.
“Although AML and CFT have always been a key area of consideration for QFIB, we have recently increased efforts to ensure that the bank remains ahead of the curve both in terms of internal control as well as practical application in this area,” explained Mr. Zaidi. “These interactive training sessions have been developed to provide staff with an insight into their AML and CFT responsibilities in line with legal and regulatory rules as well as global best practice.”
“QFIB is keen to ensure that employees are well informed and up-to-date with the latest industry standards, including those for anti-money laundering and countering financial terrorism,” said Mike de Graffenried, Chief Executive Officer of QFIB.
“Training workshops like these also contribute to protecting the interests of our clients and shareholders and ultimately, help QFIB achieve better performance, avoid risk and enhance success,” he concluded