The Labour Fund (Tamkeen) has announced the signing of a partnership agreement with the Bahrain Institute of Banking and Finance (BIBF) to train and develop national talent in the financial services sector and other related sectors.
Set to support over 100 Bahrainis, the initiative will see professionals obtain specialised certificates related to value-added tax (VAT) and anti-money laundering.
Specifically, the initiative offers participants the opportunity to obtain the Certified Anti-Money Laundering Specialist (CAMS) certificate, the highest international professional certificate in this field offered by the Association of Certified Anti-Money Laundering Specialists (ACAMS).
Graduates of the program will receive a one-year membership in the association in addition to an internationally accredited certificate as anti-money laundering specialists.
Through the initiative, participants will also have the opportunity to study the Bahrain VAT Compliance Diploma offered by the Association of Taxation Technicians (ATT) in the UK.
Commenting on this announcement, Her Excellency Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund (Tamkeen), commented: “This partnership with the Bahrain Institute of Banking and Finance (BIBF) stems from our continuous efforts to build effective partnerships with the relevant institutions in Bahrain, and affirms our commitment to supporting career development and enhancing skills for the Bahraini workforce through internationally accredited certificates and high-quality programs, enabling them to achieve growth and success.
“We look forward to the outcomes of these programs and the impact they will have on the Bahraini labor market, especially the financial services sector.”
Dr. Ahmed Abdul Hameed Al-Shaikh, CEO of the Bahrain Institute of Banking and Finance (BIBF), added: “We are proud of this partnership with the Tamkeen, which is in line with our commitment to provide high-quality training services with international standards for Bahrainis. By providing international certificates in the fields of anti-money laundering and VAT compliance, we seek to enhance Bahraini competencies in the banking and finance sector and enable them to achieve excellence and success in this field.”