The International Compliance Association (ICA), the leading professional body for the global regulatory and financial crime compliance community, has partnered with Capitex, a specialist provider of anti-financial crime staffing resources with offices in Dubai and the UK, to advance compliance education and job opportunities in the United Arab Emirates and the region.
Capitex will offer ICA’s portfolio of qualifications within the region and are also rolling out a brand-new initiative: ‘Recruit, Train & Deploy’, providing entry-level interns with an opportunity to become ICA qualified as well as gain real industry experience through work placements in relevant firms.
Undertaken by over 170,000 practitioners globally, ICA qualifications are designed to equip industry professionals with the knowledge, skills and behaviour they need to detect and mitigate financial crime risk more effectively, combining global best practice, case studies, and practical skills.
ICA President, Pekka Dare, commented: ‘As regulatory expectations across the world continue to increase, firms are having to build their compliance capability. Investing in education, training and development and recruiting young talent is an important aspect of building the right risk and compliance framework and safeguard your business against reputational damage. We’re very pleased to be partnering with Capitex, building our qualifications, expertise and support into their framework of solutions to provide a truly outstanding offering to candidates in the UAE to help them acquire knowledge in compliance and gain a solid footprint in the industry.’
CEO of Capitex MENA, James Govey, added: ‘Capitex’s mission with the ‘Recruit Train & Deploy’ programme is to help entry-level professionals gain real-life work experience, enabling them to enter the market, build their credibility and enhance their careers. Capitex’s entire business model relies on the history and proven track record we have with our staff, which means we only deploy FCC resources to clients, whom we have used on previous projects, identical to the assignments our clients have at hand.’
The announcement comes just days after the UAE expanded Emiratisation targets for private sector firms. While previously, only companies with 50 employees and above needed to comply with the targets, from 2024 onwards, the rule will apply to firms with 20 to 49 employees in 14 sectors, including the financial, insurance, real estate, healthcare and construction industries. The decision aims to increase the number of Emirati employees in key economic sectors in the country.