Tamkeen, the Labour Fund in Bahrain, has partnered with the Bahrain Institute of Banking and Finance (BIBF) to offer training programs for Bahrainis in the financial services sector. This initiative aims to support the development of national talent by providing specialized training in areas such as value-added tax (VAT) and anti-money laundering. Over 100 Bahrainis will benefit from this partnership, which will enable them to obtain internationally recognized certifications in these fields.
One of the certifications offered through this partnership is the Certified Anti-Money Laundering Specialist (CAMS) certificate, which is considered the highest international professional certification in the anti-money laundering field. Participants in this program will receive training on strategies and practices in line with international standards, as well as the skills and knowledge required to pass the certification exam. Graduates of the program will also receive a one-year membership in the Association of Certified Anti-Money Laundering Specialists (ACAMS).
In addition to the CAMS certification, participants in the training programs will also have the opportunity to study for the Bahrain VAT Compliance Diploma offered by the Association of Taxation Technicians (ATT) in the UK. This certification will enhance their skills in VAT-related areas and ensure compliance with tax laws within the enterprises they work for. With the introduction of VAT in Bahrain, there is a growing need for professionals with specialized certifications in this field to promote compliance and transparency in tax-related regulations.
The partnership between Tamkeen and BIBF underscores the commitment of both organizations to supporting career development and enhancing skills for Bahraini workers. By offering internationally accredited certifications and high-quality training programs, the initiative aims to equip Bahrainis with the skills needed to succeed in the financial services sector. The CEO of BIBF, Dr. Ahmed Abdul Hameed Al-Shaikh, emphasized the importance of the partnership in preparing Bahrainis for the requirements of the labor market and enabling them to excel in the banking and finance sector.
Those interested in joining the training programs offered through this partnership can apply directly by contacting the Bahrain Institute of Banking and Finance (BIBF) before 1 July 2024. Eligibility criteria and program requirements must be met for consideration. The strategic focus of Tamkeen on economic impact and the private sector aligns with this partnership, as it aims to increase economic participation, expand career development opportunities, and support the growth of enterprises through the adoption of technology.
Overall, the partnership between Tamkeen and BIBF will play a crucial role in training and developing Bahraini talent in the financial services sector. By offering specialized certifications in anti-money laundering and VAT compliance, the initiative will contribute to the growth and success of Bahrainis in the banking and finance industry. With a focus on enhancing skills, promoting compliance, and supporting career development, this partnership is a testament to the commitment of both organizations to building a highly qualified workforce in Bahrain.
