ABIIT praised for launching Anti-Money Laundering Certification

Lieutenant Col Edward Croft, Director of the Office of National Drug and Money Laundering Control Policy (ONDCP), has applauded the introduction of Anti-Money Laundering certification at ABIIT and stated that it is crucial for individuals to be certified in these fields.

The Director indicated that Antigua and Barbuda is underserviced with certified individuals in these key areas, and as the island is due to be re-evaluated by the Financial Action Task Force (FATF) having qualified personnel will ensure that the nation receives better ratings.

In 2015, The FATF commended the twin island state for making significant progress in addressing Money Laundering but warned that deficiencies in relation to legislation designed to prevent money laundering remain.

Education Minister Michael Browne also welcomed the program describing it as a monumental achievement and assured stakeholders of the Government’s commitment to its success.

The Antigua and Barbuda International Institute of Technology (ABIIT), through the Ministry of Education signed on as the official University Partner with the MLFC Institute in Florida.

Under the agreement ABIIT will offer certificate programs in the field of Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT) and Financial Crimes (FC).

ABIIT says that the online course will also be available in locally and regionally to the other OECS Countries.

The Course starts on January 21st and runs until the 12th of May at a cost of $1000USD for prospective students.

The partnership between the two institutions seeks to provide an avenue for nationals and professionals within the region to certify themselves in the field to fill positions locally, regionally, and internationally.

The partnership was announced on Monday morning and the new education certification was launched at the ABIIT campus.

The program will prepare students to enter a labour market segment which has suffered from a shortage of qualified candidates and will benefit the local economy as well as contribute to local growth.

News Reporter

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: