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SFA, ACAMS sign an agreement to combat financial crimes

By : Marwa Mahmoud

Last Monday, the Saudi Financial Academy (SFA) signed an agreement with the US-based Association of Certified Anti-Money Laundering Specialists (ACAMS) to counter financial crimes.

Under the contract, ACAMS will establish and organize their professional tests at the Financial Academy Test Centers in Riyadh, Jeddah, Dammam and Abha.

The deal was digned by Mana Al-Khamsan, Director-General of the Financial Academy, and Angela Salter, Acting President of ACAMS, in Riyadh.

It emphasizes on the use of ACAMS services and its qualified trainers to present the approved anti-money laundering program in Arabic and English and to encourage people to take their exams in the Kingdom.

The plan will be extended to include the approved Global Sanctions Officer program. The first training program will be offered at the headquarters of the Financial Academy in Riyadh on October 5 in Arabic.

Al-Khamsan declared that the agreement was part of the Academy’s efforts to improve the financial sector’s workforce in the battle against financial crimes.

He added that the academy will host the test at its centers located throughout the Kingdom.