Latest news with #BassamKazerooni
Bahrain News Gazette
22-04-2025
- Business
- Bahrain News Gazette
BIBF Unveils E-Learning Platform for Anti-Money Laundering Training
Manama: The Bahrain Institute of Banking and Finance (BIBF) has launched a new e-learning platform to help banking professionals in Bahrain stay up to date with regulations on Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Counter Proliferation Financing (CPF). Developed specifically for Bahrain's financial sector, the platform highlights the Kingdom's commitment to building a stronger, more resilient financial system. It ensures that those working in the sector are equipped with the skills and knowledge needed to detect and prevent financial crime while meeting local and global compliance standards, including the Financial Action Task Force (FATF) recommendations. According to Bahrain News Agency, the platform is structured into three key modules, offering a comprehensive understanding of financial crime compliance. It covers the stages of financial crime and how to spot red flags, practical strategies for risk management and mitigation, and an in-depth look at Bahrain's regulatory requirements alongside global best practices, ensuring participants gain the skills needed to stay compliant and protect their organisations. Bassam Kazerooni, Acting Head of Banking and Finance Centre at the BIBF, highlighted that the e-learning platform is a significant step forward in supporting both conventional and Islamic banks in Bahrain. It provides professionals with the practical knowledge they need to remain compliant and stay ahead of the growing challenges in financial crime. The flexible, self-paced approach makes it easier for organisations to maintain consistent training standards while meeting evolving regulatory expectations. This initiative supports Bahrain's broader goal of reinforcing its position as a regional financial hub by strengthening compliance knowledge and risk management practices. It also contributes to building a strong compliance culture, reducing the risks associated with financial crime. For more information, please visit:
Biz Bahrain
22-04-2025
- Business
- Biz Bahrain
BIBF launches e-learning platform for banks in anti-money laundering
The Bahrain Institute of Banking and Finance (BIBF) has launched a new e-learning platform to help banking professionals in Bahrain stay up to date with regulations on Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Counter Proliferation Financing (CPF). Developed specifically for Bahrain's financial sector, the platform highlights the Kingdom's commitment to building a stronger, more resilient financial system. It ensures that those working in the sector are equipped with the skills and knowledge needed to detect and prevent financial crime while meeting local and global compliance standards, including the Financial Action Task Force (FATF) recommendations. The platform is structured into three key modules, offering a comprehensive understanding of financial crime compliance. It covers the stages of financial crime and how to spot red flags, practical strategies for risk management and mitigation, and an in-depth look at Bahrain's regulatory requirements alongside global best practices, ensuring participants gain the skills needed to stay compliant and protect their organisations. Commenting on the launch, Mr. Bassam Kazerooni, Acting Head of Banking & Finance Centre at the BIBF, said: 'This e-learning platform is a significant step forward in supporting both conventional and Islamic banks in Bahrain. It provides professionals with the practical knowledge they need to remain compliant and stay ahead of the growing challenges in financial crime. The flexible, self-paced approach makes it easier for organisations to maintain consistent training standards while meeting evolving regulatory expectations.' This initiative supports Bahrain's broader goal of reinforcing its position as a regional financial hub by strengthening compliance knowledge and risk management practices. It also contributes to building a strong compliance culture, reducing the risks associated with financial crime. For more information, please visit About the BIBF The Bahrain Institute of Banking and Finance (BIBF) is the leading provider of education and training in the region, established in 1981 under the Central Bank of Bahrain. With a commitment to enhancing human capital, the BIBF serves not only Bahrain but also extends its reach to 64 countries worldwide, solidifying its global presence. The BIBF is dedicated to delivering excellence across a broad spectrum of business disciplines. It partners with numerous international institutions to offer thought leadership, assessment, and training in key areas, including: Banking and Finance Islamic Banking Executive Education Accounting and Finance Academic Studies Leadership and Management Insurance Digital Transformation and Project Management
Zawya
21-04-2025
- Business
- Zawya
BIBF launches e-learning platform for banks in anti-money laundering
Manama, Bahrain – The Bahrain Institute of Banking and Finance (BIBF) has launched a new e-learning platform to help banking professionals in Bahrain stay up to date with regulations on Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Counter Proliferation Financing (CPF). Developed specifically for Bahrain's financial sector, the platform highlights the Kingdom's commitment to building a stronger, more resilient financial system. It ensures that those working in the sector are equipped with the skills and knowledge needed to detect and prevent financial crime while meeting local and global compliance standards, including the Financial Action Task Force (FATF) recommendations. The platform is structured into three key modules, offering a comprehensive understanding of financial crime compliance. It covers the stages of financial crime and how to spot red flags, practical strategies for risk management and mitigation, and an in-depth look at Bahrain's regulatory requirements alongside global best practices, ensuring participants gain the skills needed to stay compliant and protect their organisations. Commenting on the launch, Mr. Bassam Kazerooni, Acting Head of Banking & Finance Centre at the BIBF, said: "This e-learning platform is a significant step forward in supporting both conventional and Islamic banks in Bahrain. It provides professionals with the practical knowledge they need to remain compliant and stay ahead of the growing challenges in financial crime. The flexible, self-paced approach makes it easier for organisations to maintain consistent training standards while meeting evolving regulatory expectations." This initiative supports Bahrain's broader goal of reinforcing its position as a regional financial hub by strengthening compliance knowledge and risk management practices. It also contributes to building a strong compliance culture, reducing the risks associated with financial crime. For more information, please visit About the BIBF The Bahrain Institute of Banking and Finance (BIBF) is the leading provider of education and training in the region, established in 1981 under the Central Bank of Bahrain. With a commitment to enhancing human capital, the BIBF serves not only Bahrain but also extends its reach to 64 countries worldwide, solidifying its global presence. The BIBF is dedicated to delivering excellence across a broad spectrum of business disciplines. It partners with numerous international institutions to offer thought leadership, assessment, and training in key areas, including: Banking and Finance Islamic Banking Executive Education Accounting and Finance Academic Studies Leadership and Management Insurance Digital Transformation and Project Management For more information, please contact the Marketing and Corporate Communications Department at: Email: media@ Website:
Zawya
26-03-2025
- Business
- Zawya
The BIBF, London Institute of Banking & Finance launch International Trade Risk Certificate
Manama – The Bahrain Institute of Banking and Finance (BIBF), in collaboration with the London Institute of Banking & Finance (LIBF), has launched the Level 4 Certificate in International Trade Risk (CITR). This programme is designed to equip professionals with the knowledge and skills required to understand the complexities of international trade finance and effectively manage associated risks. With Bahrain's strategic location as a gateway for trade and finance in the Gulf region, this programme is expected to play a pivotal role in developing the expertise of professionals in global trade, including trade finance specialists, bankers, risk managers, and legal advisors. The CITR programme covers a broad range of essential topics, including risk assessment, trade risk analysis, and the development of effective risk mitigation strategies for international trade transactions. As global trade continues to expand and become more complex, professionals involved in import/export operations and trade finance require advanced knowledge to manage and mitigate these risks. This qualification provides the foundational knowledge and practical tools necessary to address these challenges effectively. The programme also offers a blended learning model, combining in-person and online learning, enabling participants to enhance their expertise while maintaining their professional commitments. On this occasion, Dr. Ahmed Al Shaikh, Chief Executive Officer of the BIBF stated: "As global trade continues to expand, the risks associated with financing international transactions are becoming increasingly complex. This programme is an important step in equipping professionals in Bahrain and the region with the expertise needed to manage these risks effectively. It also supports Bahrain's position as a regional financial hub by developing highly skilled professionals in line with the evolving global trade landscape." On his part, Mr. Bassam Kazerooni, Acting Head of Banking & Finance Centre at BIBF, emphasised that the programme aims to bridge the knowledge gap in international trade risk management. Given the critical role of global trade in Bahrain's economy, training professionals in this field will enable them to contribute more effectively to the country's economic growth. BIBF's ongoing collaboration with LIBF reflects its commitment to offering internationally recognised qualifications that meet the growing demand for specialised expertise in the financial services sector. -Ends- About the BIBF The Bahrain Institute of Banking and Finance (BIBF) is the leading provider of education and training in the region, established in 1981 under the Central Bank of Bahrain. With a commitment to enhancing human capital, the BIBF serves not only Bahrain but also extends its reach to 64 countries worldwide, solidifying its global presence. The BIBF is dedicated to delivering excellence across a broad spectrum of business disciplines. It partners with numerous international institutions to offer thought leadership, assessment, and training in key areas, including: Banking and Finance Islamic Banking Executive Education Accounting and Finance Academic Studies Leadership and Management Insurance Digital Transformation and Project Management For more information, please contact the Marketing and Corporate Communications Department at: Email: media@ Website:
Zawya
24-02-2025
- Business
- Zawya
BIBF hosts an awareness session on new Global Internal Audit Standards
Manama, Bahrain – The Bahrain Institute of Banking and Finance (BIBF) recently hosted an awareness session on the new Global Internal Audit Standards (GIAS) in collaboration with the Bahrain Internal Auditors Association (BIAA). The event brought together industry professionals to discuss key updates in the field of internal auditing. The session was delivered by Mr. Arvind Benani, Country Managing Director at Protiviti; who provided insights into the evolution of internal audit practices and the transition from International Professional Practices Framework (IPPF) 2017 to the new GIAS 2024. The event was attended by senior audit executives and banking professionals keen to understand the impact of changes in internal audit standards. Discussions covered the key differences between IPPF 2017 and GIAS 2024, governance improvements, and compliance strategies. Experts also outlined practical steps for Chief Audit Executives (CAEs) to adapt to the new standards. The session underscored BIBF's commitment to equipping professionals with the expertise needed to navigate evolving financial regulations. Mr. Bassam Kazerooni, Acting Head of Banking & Finance Centre, added: 'With the evolving landscape of internal auditing, it is imperative that professionals stay ahead of these changes. The adoption of the new Global Internal Audit Standards (GIAS) presents new opportunities for enhancing audit governance, and this session was an important step in preparing Bahrain's financial sector for the transition.' On his part, Mr. Ali Sharif, President of Bahrain Internal Auditors Association (BIAA), stated: 'The introduction of GIAS 2024 marks a pivotal moment for the internal audit profession. These updated standards are designed to enhance audit quality, strengthen governance, and improve risk management practices. This session provided an excellent platform for auditors and financial professionals to gain a deeper understanding of these changes and prepare for a seamless transition.' -Ends- About the BIBF The Bahrain Institute of Banking and Finance (BIBF) is the leading provider of education and training in the region, established in 1981 under the Central Bank of Bahrain. With a commitment to enhancing human capital, the BIBF serves not only Bahrain but also extends its reach to 64 countries worldwide, solidifying its global presence. The BIBF is dedicated to delivering excellence across a broad spectrum of business disciplines. It partners with numerous international institutions to offer thought leadership, assessment, and training in key areas, including: Banking and Finance Islamic Banking Executive Education Accounting and Finance Academic Studies Leadership and Management Insurance Digital Transformation and Project Management For more information, please contact the Marketing and Corporate Communications Department at: Email: media@ Website:
