New CISI qualifications launched in UAE to combat financial crime

By Lora Benson | Apr 21, 2016

210416CISI CCL Academy qualification Launch (2)- The Middle East financial services industry welcomes two new qualifications designed to train staff on Financial Crime Prevention and Cyber enabled crime.

 - CISI and the CCL Academy host a seminar focusing on current trends in financial crime and cyber crime prevention.

Dubai, UAE – To tackle the increased threats of cyber enabled crime and financial crime, the Chartered Institute for Securities & Investment (CISI) has launched two qualifications on Financial Crime Prevention.

The qualifications, the CISI Level 3 Award in Combating Financial Crime and CISI Level 3 Award in Managing Cyber Security, provide not just a basic knowledge of the threats posed by cybercrime and financial crime, but also focus on how laws, regulations and best practice continue to evolve across the entire spectrum of associated activities. As a result of this training, successful candidates will learn more about preventing money laundering, terrorist financing, and corruption, and be able to evaluate the risks to the financial services industry and develop effective security solutions to prevent, detect and mitigate cyber-attacks.

Matthew Cowan, Chartered MCSI,  Regional Director Middle East at the CISI said: “Firms of all sizes are raising security measures and adapting their internal systems to ensure they are integrating the latest cyber threat intelligence. A lack of employee understanding with regards to cyber crime can be highly damaging to firms, but such incidents can be prevented by educating staff appropriately. Working with CCL Academy to create a well-equipped workforce in the regional industry is a firm step towards effectively preventing financial crime”.

To launch these qualifications, The Chartered Institute for Securities & Investment (CISI) and CCL Academy co-hosted a Continuing Professional Development (CPD) event in the UAE on the latest developments in financial crime prevention. The breakfast briefing took place on the 20th April, 8:30 am at the Capital Club, DIFC..

The briefing was an opportunity for financial professionals to receive updates from industry experts working across different areas of financial crime prevention, such as Cyber Security and Data Privacy, Anti Bribery and Corruption Third Party Due Diligence. Attendees had the chance to learn first-hand from real-life cyber incidents and the risks facing regulated firms.

Speakers at the event included Carwyn Evans, Director at CCL Limited, Stuart Hammond, Financial Crime Prevention Trainer at CCL Academy, Marc-Ellie Caspar, Sales Director France and Middle East, Lexis Nexis and Patrick MacGloin, Director at PWC.  

Those interested in studying for the CISI Level 3 Combating Financial Crime and Managing Cyber Security Awards in the Middle East should contact the CISI Middle East office at +97142900852