CISI launches two new qualifications in Middle East 25 April 2016

The Chartered Institute for Securities & Investment (CISI) has launched two qualifications on financial crime prevention in the Middle East to tackle the increased threats of cyber crime and financial crime.

The qualifications are the CISI Level 3 Award in Combating Financial Crime and the CISI Level 3 Award in Managing Cyber Security.

They are aimed at providing a basic knowledge of the threats posed by cybercrime and financial crime, with a focus on how laws, regulations and best practice continue to evolve across the entire spectrum of associated activities.

Cyber threat training 

The CISI said 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, 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."

Kenya certification

CISI said it had also joined with the Capital Markets Authority (CMA) in Kenya to launch the International Introduction to Securities and Investment (Kenya) (IISI- K) certification for practitioners in the domestic capital markets industry.

The curriculum for Stage One, IISI (Kenya), has already been developed and the first cohort of candidates went through training and sat for the examination in November 2015. The curriculum for Stage Two, which will cover local conduct of business standards and market regulations under the Kenyan regulatory framework, is due to be completed by June 2016.

Based in the City of London, CISI is a global organisation with representative offices in financial centres such as Dublin, Singapore, Dubai, Mumbai, Manila and Colombo.  It works in close cooperation with regulators, firms and other professional bodies worldwide.  

Written by Richard Hubbard and published on 22nd April 2016