With an increased focus on AML risks in financial institutions, regulators are striving to strengthen AML regimes and correct failures. When implementing an AML framework, each staff member bears a certain responsibility which is why all employees are provided with annual awareness training. A recent development for financial institutions in the Kingdom of Bahrain is the CBB mandating AML key performance indicators for employees, units and departments and linking the KPIs with annual performance evaluations and remuneration. For more details about AML & CFT KPIs.
Keypoint’s financial regulatory compliance team includes seasoned professionals with extensive experience in the financial crime, compliance, AML and risk management fields. For more details on our FRC services or contact Dr Mukund Ballal, Najbeeb Razzaque and Ghada Awdi.