International Compliance Association launches qualifications suite in Cambodia in conjunction with Institute of Banking and Finance Cambodia

27 July 2018

The International Compliance Association (ICA) proudly launches its ICA qualification series in a brand new jurisdiction: Cambodia. This exciting new launch is part of the organisation’s geographic expansion in the APAC region and signifies an exciting period of growth for the respected association. The launch is part of meeting the growing demand for skilled compliance professionals in the region.

The ICA International Advanced Certificate in Anti Money Laundering (AML) will ensure that compliance professionals in the region have the the required understanding and tools to meet ongoing regulatory compliance challenges. Firms who have enrolled on the programme will be able to utilise their Staff Development Fund.

ICA qualifications are offered through the International Compliance Training Academy (ICTA), the Association of Banks in Cambodia (ABC) and the Institute of Banking and Finance Cambodia (IBF). IBF was established in 2015 as the international standard, offering locally affordable training, for ABC’s members who comprise Cambodia’s commercial banks, specialised banks, and microfinance institutions. The IBF is initiated and supported by ABC and the National Bank of Cambodia (NBC). The strategic vision of IBF is to provide quality education at the highest standard to local bankers in Cambodia. Based on a common goal, IBF and ICA came together to raise awareness of good anti money laundering practice in the financial services sector. With the right training and education, the partnership will help to achieve goals and improve standards.

Andrew Glover, Regional Director of ICA, commented:

"I am delighted that we are bringing ICA qualifications to Cambodia. The shared vision of ICA, ICTA and the IBF is to enhance the global professionalisation of regulatory and financial crime compliance professionals.

"Organisations and professionals that embrace a culture of compliance also realise genuine commercial benefit from reduced costs, enhanced reputation, and retention and acquisition of both customers and staff.

"Moreover, employees within firms in Cambodia will be contributing to the global fight against money laundering; money laundering is intrinsically connected to underlying criminal activity – by undertaking ICA qualifications in anti money laundering, compliance professionals in Cambodia can join the fight and the global effort in combating criminal operations."

Qazreen Chan, Chair of Education Committee at IBF Cambodia, replied:

"I am delighted and proud that for the first time in Cambodia, we are able to partner with the International Compliance Association, both in the UK and in Singapore in offering an international certification in anti money laundering. We are confident that the qualifications will move the Cambodian banking industry to be on par with the region in terms of its capacity."

The course is available to study through ICA’s training partner, ICTA via workshop-based learning with further qualifications being launched in the region in 2018–19.

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