In order to promote the preparation of its technical staff, the Superintendence of Banks (SB) started a program of certification addressed to 30 collaborators of the institution with recognized certifying agencies in terms of prevention of money laundering and other financial crimes.
Participants will complete the thematic agendas required to obtain the Anti-Money Laundering Certified Associate (Amlca) Certification, granted by the Financial & International Business Association (FIBA), and the Anti-Money Laundering Specialist Certification (CAMS), from the Association of Specialists Certificates in Anti-Money Laundering (Acams).
FIBA’s internationally recognized Amlca certification is designed for mid-level compliance officers in the financial and non-financial sectors.
Its content is based on better practices and international standards on regulations aimed at preventing money laundering, terrorist financing and the proliferation of weapons of mass destruction.
The CAMS certification, internationally recognized by institutions, governments and regulatory bodies, is a credential that highlights the key prevention principles and provides an objective measure of knowledge in the industry’s best practices on anti-laundering standards, among other crucial aspects of theme.
These certifications contribute to strengthening the capacities of SB personnel to manage the legal obligation to face and supervise the money laundering and the financial crimes that have been expressly introduced into the Dominican legal system through Law no. 155-17 about Money Laundering and complementary regulations.
In general, in the last two years the SB has promoted academic programs that have impacted more than 670 collaborators (around 95% of its workforce) with a view to raising the technical profile of its personnel and establishing itself as a benchmark at the national and international levels. international.
Other actions to strengthen your coaching staff
This training program is added to others aimed at strengthening the supervision of the Dominican financial system, such as the Nemesis Risk Management certification, which has benefited 100 employees of the institution.
This has the endorsement of the Association of Bank Supervisors of the Americas (ASBA), the Risk Management Club of Spain (CGRE) and the Latin American Federation of Banks (Felaban).
In addition to academic initiatives, the SB develops an agenda to improve and strengthen its technical supervision structure at the hands of the Toronto Center, a Canadian institution that provides advice and support.
It includes the review of the supervision methodology, the optimization of the processes and information reports required from the financial intermediation entities (EIF), the creation of mechanisms for the consultation of the supervised entities, the identification of the needs in terms of technologies of information, the training of SB personnel and the establishment of mechanisms to ensure quality.
