Continuous Professional Development Program for UAE Exchange Companies

Program: Continuous Professional Development Programs (CPD) Training Program for UAE Exchange Companies

Regulatory requirement: Section 16.6 of exchange company guidance issued by CBUAE requires an exchange company to

• The Compliance Officer, Alternate Compliance Officer and other employees of the AML/CFT Compliance Department must undergo a minimum of forty-eight (48) hours external training in AML/CFT compliance every year; and
• Participation in any one or a combination of the following is acceptable in relation to CPD programs in this context:

• AML/CFT conferences or meetings or workshops whether inside or outside the UAE;
• face to face training by external agencies whether inside or outside the UAE;
• training by industry associations or regulatory bodies; and
• Web based training.