Kuwait, January 11, 2023: Kuwait International Bank (KIB) announced that its Assistant Compliance Manager at the Regulatory Compliance Department in KIB, Abdulaziz Borhamah, has been certified and awarded an International Diploma in Governance, Risk and Compliance by the UK-based International Compliance Association (ICA) at a ceremony held in London.

 

Abdulaziz is one of only a small number of Kuwaitis to obtain the diploma, which is accredited by the University of Manchester and recognized as one of the most important regulatory compliance certifications in the world. The qualification equips legal and compliance professionals with a deep understanding of the regulatory challenges and opportunities presented by digital and AI-enabled technologies – and the specialist skills and knowledge they need to manage emerging regulatory risks. 

Commenting on the announcement Feras AlDarmi, General Manager Human Resources Department at KIB said,  change deliver sustainable growth, customer satisfaction and shareholder value. change It is essential, therefore, for the Bank’s legal, regulatory and compliance professionals to be trained and qualified to the highest possible global standards, Therefore, the Bank always seeks to develop the knowledge, skills and experience of its human resources, by encouraging them to gain knowledge and keep abreast of the latest global developments in the field of the banking industry, as they are the main pillar in the prosperity and development of the bank's future.”

 

Adding: “We congratulate Abdulaziz on being awarded the ICA International Diploma in Governance, Risk and Compliance, and I look forward to his continued contribution to the promotion of a positive compliance culture at KIB.”

Commenting on his certification, Abdulaziz Borhamah said, “AI am delighted to be receiving this award, and I am delighted to be able to bring a new depth of understanding to my work on the issues and challenges we face in today’s digitally transformed world. Robust compliance is not only good for business but good for society, shareholders, investors and all the communities we serve. Transparency and ethics are cornerstones of everything we do at KIB and fundamental to our ability to do business ‘the right way’ – and I am delighted to be able to contribute further to the Bank’s culture of legal and regulatory compliance.”

 

It serves to note that KIB follows an employment policy that relies on attracting manpower with accredited certificates in the field of banking, and who are characterized by ambition and desire to learn and acquire new professional and practical experiences in various disciplines, which qualifies them to occupy senior leadership positions in the bank. 

 

Founded in 2001 and with members in 157 countries around the world, the ICA is the leading professional body for the global regulatory and financial crime compliance community. Its work - and the qualifications it issues - reinforces the ongoing need for transparency and openness, supports the fight against financial crime and promotes financial inclusion.