Home » Qatar Becomes First Middle East Country to Launch a Joint CISI & QFMA Digital Learning Solution
The Chartered Institute for Securities & Investment (CISI) has announced a ground-breaking project whereby it has developed an Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) assessment with the Qatar Financial Markets Authority (QFMA), the Qatari capital markets regulator.
With 45,000 members globally, the CISI is the not-for-profit global professional body for those working in the wealth management, financial planning and capital market sectors. A strategic cooperation has been in place between the CISI and QFMA since 2007 when an educational and a QFMA licensing program was devised to enhance the qualification standards in the Qatar financial services market.
This AML/CFT project is an extension of that cooperation. Its launch will confirm Qatar as the first country in the Middle East to implement a country wide, digital, AML/CFT assessment, with a unique reporting function, as part of QFMA efforts to combat the causes of financial crime in the Qatar capital market.
The CISI and QFMA have developed an AML/CFT digital learning assessment, in English and Arabic, for professionals working within the Qatar capital market, the aim of which will be to enhance the AML/CFT awareness. The successful completion of the e-learning module will be well recognized in the QFMA’s licensing process.
The assessment will be available for public and concerned professionals. It will be read and accessed on any mainstream mobile, tablet or laptop, the aim being to disseminate knowledge and improve money-laundering and terrorism financing detection throughout the capital market in specific and the financial sector in general.
The QFMA will have full access to the results of an individual’s professional assessment to monitor the AML/CFT compliance across the country.
Simon Culhane, Chartered FCSI, CISI CEO said: “We are delighted and honoured to be working with the QFMA on this important project to ensure sound training and competence standards for those working in the financial services domain in the Qatari capital market. The aim of the program is to help increase the effectiveness of all staff to fight money laundering and the financing of terrorism, enabling the financial sector in Qatar to be at the forefront of combating money laundering and terrorism financing.
“In addition, owing to Covid-19 restrictions, many staff are working from home. Employers globally have experienced how effective online systems can be for productivity, with particular benefits for the e-learning process.”
Nasser Ahmad Al Shaibi (left) QFMA CEO, said: “QFMA’s cooperation with the CISI, as the first Capital Market Regulator in the Middle East joining the Institute in this project, reflects QFMA’s keenness and commitment towards promoting the awareness and the specialized technical learning of those involved in the financial market, through providing a digital platform to disseminate knowledge about combatting money-laundering and financing of terrorism, and enhancing AML/CFT compliance oversight, in addition to supporting the national efforts aimed at enhancing the efficiency of the Qatar capital market AML/CFT.
“QFMA attaches great importance to the educational and awareness aspect of professionals in the capital market, and for concerned and interested ones in Qatar, especially regarding AML/CFT, considering its key role in ensuring the ongoing development of the financial sector and investor protection.”
With many industries prospering within the region, the Middle East stands at the forefront of modern business and remains one of the most powerful and influential corporate landscapes in the world.
Visit our awards hereMEA Markets are proud to present the return of the UAE Business Awards for the seventh consecutive year. With these awards we look to honour the enterprises and individuals that innovate and inspire growth and development within UAE. These businesses and individuals are the ones who have helped establish the Middle East as a global knowledge base and a principal destination for new initiatives.
Visit our awards hereMEA Markets is proud to announce the return of the African Excellence Awards in 2022. Naturally, we will again look to highlight and acknowledge the industry leaders from the wide-ranging sectors and specialisms across the continent.
Visit our awards hereWe have packages to suit everyone. Let us help work out which one would suit your needs!
Ground Floor, Suite B-D,
The Maltsters, Wetmore Road,
Burton-on-trent, Staffordshire,
DE14 1LS
MEA Markets is a quarterly publication dedicated to researching and publicising the major moves and events as they happen across the entire Middle East & Africa region.
Our team of highly trained and committed journalists, contributors, researchers and worldwide industry insiders are on hand to ensure that our global readership enjoys 24/7 access to timely and entertaining content that keeps them up to date with the ins and outs of this fast moving region.
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-advertisement | 1 year | Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . |
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
CookieLawInfoConsent | 1 year | Records the default button state of the corresponding category & the status of CCPA. It works only in coordination with the primary cookie. |
PHPSESSID | session | This cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed. |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
Cookie | Duration | Description |
---|---|---|
_ga | 2 years | The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. |
_ga_7GTFNZD3Y9 | 2 years | This cookie is installed by Google Analytics. |
_gat_gtag_UA_63302014_1 | 1 minute | Set by Google to distinguish users. |
_gid | 1 day | Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. |
Cookie | Duration | Description |
---|---|---|
cookietest | session | No description |