CMA concludes programme on combating money laundering

Muscat: The Capital Market Authority (CMA) concluded the international advanced certificate programme on combating money laundering for compliance officers of the regulated companies in the capital market and insurance sectors.

The programme was organised via Zoom teleconferencing to enhance the anti-money laundering and combating financing terrorism efforts in collaboration with the International Compliance Association (ICA).

The programme comprised five workshops and the participants were tested at the end of the programme to obtain the professional certification and membership in the ICA for one year qualifying the members to benefit from the literature, training courses and services offered by the ICA.

The first session of the programme was conducted early this year with participants from the companies operating in the field of securities with wide turnout from the companies and participants and the second session was held in September for the companies operating in the insurance sector.

It is worth to note that the programme is part of the anti-money laundering and combating financing terrorism programme and workshops executed by the CMA represented by the Anti Money Laundering and Combating Financing Terrorism Department in 2002 in collaboration with various entities for awareness purposes among the regulated entities.