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					ICT MIDDLE EAST TO DELIVER TRAINING ON TWO NEW CERTIFICATED PROGRAMMES FOLLOWING
ICA’s SIGNING OF GROUNDBREAKING AGREEMENT WITH SAUDI ARABIA’S CAPITAL MARKET
AUTHORITY

Dubai/London: 1st March 2012

International Compliance Training Middle East (ICT Middle East), one of the region’s leading
providers of professional training in the field of compliance and anti-money laundering, has today
announced their involvement in a significant new training agreement. ICT Middle East will deliver
two certificated programmes in Anti-Money Laundering and in Compliance. Both programmes are
aimed at professionals at CMA-regulated financial institutions in Saudi Arabia but with scope to grow
across all financial services sectors. This follows a recent agreement reached between the
International Compliance Association, ICA and the Capital Market Authority (CMA) of Saudi Arabia.

ICT Middle East was established in 2008. It has worked in partnership with leading regulators and
government agencies across the Gulf Cooperation Council (GCC) providing training and education
leading up to certification from the ICA for Dubai Financial Services Authority, the Central Bank of
Bahrain, the Central Bank of Oman, the Qatar Financial Centre Regulatory Authority, the Securities
and Commodities Authority of the UAE and now, the Capital Market Authority of Saudi Arabia.

The ICA is a well-known and respected professional awarding body and was instrumental in the
creation of standards of competence in Anti-Money Laundering, Compliance and Financial Crime
Prevention. These standards are used by firms and regulators globally as part of the management of
the risk function.

Chairman of the CMA, Dr. Abdulrahman Al-Tuwaijri, explained that this initiative comes under the
regulatory role of CMA and its efforts to develop and raise the level of quality in the securities
industry in order to provide the proper investment environment. He said the examinations were
designed according to best professional and international standards to develop professional
qualified cadres to work in the securities industry in the Saudi capital market. Dr. Al-Tuwaijri added
“In collaboration with the ICA and ICT Middle East, the CMA Saudi Arabia programmes will
encompass international best-practice in all aspects of anti-money laundering, fraud prevention and
regulatory compliance and will be delivered within the overall ICA training and certification
framework. Both programmes are awarded in association with the University of Manchester
Business School”.

Helen Langton, Managing Director of ICT Middle East, stated “The Financial centres across the GCC
have been a key component of the growth of ICT globally and we are delighted to announce the
latest partnership with the CMA in Saudi Arabia. We continue to see a trend amongst regulators in
the region, encouraging the appointment of certified professionals to key compliance and anti-
money laundering roles. In a relatively short space of time, we have worked with 475 people who
have completed or are in the process of completing an ICA programme. ICT Middle East will continue
to focus on developing best practice, delivering qualifications, setting standards and driving research
in risk management in the financial services sector in the region.”
The first intake in the two core subjects will begin in May 2012 in London. Subsequent intakes will be
made available in both London as well as locally in the region later in the year, in both English and
Arabic. The CMA initiative is aimed at professionals with responsibilities in legal, AML, compliance
and regulatory functions and is open to any professional working at CMA-regulated institutions in
Saudi Arabia, having successfully completed the relevant CMA Capital Market Examinations; as well
as other interested candidates from other sectors of the financial services industry. The ICA and the
CMA will be hosting an introductory briefing for interested candidates in Riyadh on 26th March
2012.

Helen Langton concluded “At the ICT Middle East we are committed to supporting our market
professionals to develop and enhance their skills with internationally recognised qualifications.
These qualifications both contribute to their day to day capabilities but provide longer term career
enhancement and mobility across markets. With strong underlying growth in the economies and
financial markets in the region, we see great opportunities to grow our professional training
programmes for professional across the GCC”



Notes to Editor:

The partnership agreement between the ICA and the CMA was signed today. A high resolution photo
which includes Dr. Abdulrahman Al-Tuwaijiri, Chairman of the CMA and Helen Langton of ICT Middle
East is available for download from XXXX

For further press enquiries please contact:

Steve McCool / Kevin Sammon
Hume Brophy
Tel: 0203 440 5656
E: steve.mccool@humebrophy.com / kevin.sammon@humebrophy.com



About ICT Middle East:

ICT Middle East is a subsidiary of ICT UK which was established in 2001. International Compliance
Training Academy in Singapore is part of the same family. All three organisations deliver high quality
training and education in the compliance, governance and regulatory risk environment. International
Compliance Training (Middle East) was established in 2008. It is based in the Dubai International
Financial Centre



ICT Middle East provides professional training which serves the needs of the financial services sector
throughout the Middle East. It provides specialist training in a variety of areas including anti money
laundering, know-your-customer, compliance, corporate governance, investigative interviewing,
fraud and financial crime prevention, risk and regulation.
We work with the regulators in the region, helping them to develop best practice in the
management of regulatory risk. ICT Middle East works in partnership with leading regulators and
government agencies across the Gulf Coast Countries (GCC) providing training and education leading
up to certification from the ICA for Dubai Financial Services Authority, the Central Bank of Bahrain,
the Central Bank of Oman, the Qatar Financial Centre Regulatory Authority, the Securities and
Commodities Authority of the UAE and now, the Capital Market Authority of Saudi Arabia.

ICT Middle East has a large faculty of trainers based throughout the region who are skilled and
knowledgeable practitioners with many years’ experience delivering training in and outside of the
region. They all have an in-depth knowledge of the rules and regulations of all the GCC regulators.
We use local tutors from the jurisdictions in which we offer our training. These too are experienced
practitioners and they help with the delivery of the local content. All the materials that are delivered
in the region are jurisdiction specific with local case studies and examples to really make the learning
relevant.

About International Compliance Association:

ICA is the only provider of certificated accredited professional qualifications in anti money
laundering, financial crime prevention and compliance in the world.

The ICA is a professional, not-for-profit awarding body with a global membership. It was established
in 2001 and has since become a leading provider of professional qualifications in the realms of
regulatory risk. Over 10,000 people have been through ICA’s internationally recognised
qualifications around the world and these programmes have consequently become a benchmark of
professionalism and excellence. The ICA has a presence in over 30 jurisdictions. Its headquarters are
in the UK and it has two regional offices, one in Singapore and one in the Middle East, based in
Dubai.

Globally the ICA works closely with regulators, government agencies and industry associations such
as the Monetary Authority of Singapore, Government of Malaysia and Australian Association of
Financial Management. The qualifications of the ICA are widely recognised as delivering the
competencies necessary in order to fulfil a compliance function. Regulators all over the world list
them as appropriate including the Financial Services Commissions in Jersey, Guernsey and the Isle of
Man, the Central Bank of the Bahamas, the Hong Kong SFC, Financial Markets Authority in New
Zealand, the Central Bank of the Russian Federation and others. Individuals from the UK’s FSA, HM
Revenue and Customs, the Metropolitan and City of London Police and SOCA have successfully
completed the ICA programmes.

				
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