BMI Offshore Bank (BMIO) Seychelles, currently under Central Bank management with the support of Al Salam Bank Bahrain, has invited Bahrain Institute of Banking and Finance (BIBF) to conduct training for members of their staff and employees of the Financial Intelligence Unit (FIU) of Seychelles in the areas of Islamic Banking and product structures, customer service for the banking industry and anti-money laundering /financial crime prevention.
BIBF, the Gulf’s premier provider of banking and financial services training, designed and delivered a specialised programme for the Bank and FIU staff giving an overview of Islamic banking and explained the wide range of products and their structures.
The session also included comprehensive customer service framework, its metrics and importance for the growth of the Bank.
A full day anti-money laundering & combatting financing of terrorism (AML/CFT) session was conducted covering the importance of understanding the wide range of predicate offences, the various typologies used, the due diligence process, the suspicious transaction indicators, the vulnerabilities of correspondent banking & related due diligence as well as the risk based approach for an AML framework.
BIBF looks at extending its cooperation to the Central Bank of Seychelles (CBS), the Financial Services Authority (FSA) as well as the Financial Intelligence unit (FIU) with regard to supporting the skills and development initiatives in the financial sector.
BMIO Seychelles has also announced its plan to conduct a comprehensive training programme to develop the information technology and operational skills of their staff in the coming month.
Source : Seychelles NATION