Fitch Learning CISI Combating Financial Crime Qualification Success Story - PW9.ORG

Fitch Learning, the global leader in financial training, today announced that it has successfully registered its CISI Combating Financial Crime Qualification as meeting the UK's statutory requirements for anti-money laundering (AML) training.

The Fitch Learning AML qualification meets the requirements of the Money Laundering Regulations 2017 and is valid for three years. It builds on Fitch Learning's existing suite of qualifications, which includes the Fundamentals of Financial Regulation and Fundamentals of Risk Management and Compliance, both of which are supported by industry bodies and regulators across Europe.

"We are delighted to have received this acknowledgement from a statutory authority," said James Carver, Managing Director at Fitch Learning. "This is strong validation of our AML curriculum, which was developed by our industryleading subject matter experts in response to increased demand from firms looking to meet regulatory obligations."

Staying ahead of the curve In an increasingly complex and fast-changing financial environment, financial institutions are facing increasing pressure to detect and mitigate financial crime risk. This has led to a shortage in qualified and skilled professionals who can understand and apply best practices in combating financial crime.

Fitch Learning and the Chartered Institute for Securities & Investment (CISI) are pleased to announce the recent launch of the CISI Combating Financial Crime Qualification (CCFQ), a new, highly specialised qualification designed to equip professionals with the technical knowledge, applied skills and practical understanding needed to effectively combat the risks of financial crime.

The CCFQ is a Level 4 qualification developed by Fitch Learning and CISI, in partnership with professional services firm PwC, that aims to fill this gap and establish an industry-recognised standard of competence across all levels of financial crime compliance functions. The qualification is awarded by CISI, which has over 40,000 members in 100 countries.

The Chartered Institute for Securities & Investment (CISI) is the largest and most widely respected professional body for those who work in the securities and investment industry in the UK and in a growing number of financial centres globally. With more than 40,000 members in 98 countries, the CISI has a global community of financial services professionals.

The CISI is internationally recognised as the leading awarding organisation for qualifications in financial services. The Combating Financial Crime Qualification (CFCQ) was developed in partnership with Fitch Learning to provide individuals with an understanding of key areas of financial crime risk and how they can be managed, within the context of a firm’s wider risks.

The CFCQ qualification was first launched in August 2016 and over 2,000 people have taken it so far. It is designed to help raise awareness among individuals working within the financial services industry on how they can help identify and manage key areas of anti-money laundering (AML) and countering financing terrorism (CFT) risk on an ongoing basis.

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