The International Compliance Association (ICA), a leading professional body for the global regulatory and financial crime compliance community, announced a partnership with the Insurance Institute of East Africa to provide ICA education in financial crime prevention and governance, risk, and compliance in the East African region.
East African jurisdictions Kenya, Tanzania, and Uganda remain particularly vulnerable to money laundering, fraud, and terrorist financing and are among the lowest scoring countries in the 2019 Transparency International Corruption Perceptions Index. The ICA’s suite of accredited qualifications are designed for every level of expertise and aim to equip regulatory and financial crime compliance professionals with the knowledge and skills they need to mitigate the threat of financial crime, better analyze situations, and consider appropriate risk controls.
As part of the new partnership between the ICA and the Insurance Institute of East Africa, professionals in the region will now have access to ICA qualifications in a range of key subjects, including compliance, anti-money laundering, managing sanctions risk, and customer due diligence.
“We are pleased to partner with the Insurance Institute of East Africa, combining ICA’s international expertise with their local knowledge to effectively raise compliance standards in the region and help organizations mitigate and detect risk more effectively at their firm,” said ICA President Bill Howarth in a press release. “Our internationally recognized professional qualifications include real-life examples and case studies with a real emphasis on application of knowledge, helping to upskill employees and safeguard businesses and communities from financial crime risk.”
The International Compliance Association is a sister company to Compliance Week. Both organizations are under the umbrella of Wilmington plc.