OPPORTUNITY BANK EMBARKS ON COUNTRYWIDE AML/CFT TRAINING OF STAFF AND AGENTS

Opportunity Bank of Malawi has embarked on a series of training programs for senior management, staff members and agents to enable them understand anti-money laundering and combating the financing of terrorism (AML/CFT) obligations.
The president said this on 20 May 2016 when he delivered the State of the Nation Address and opened the 2016/2017 Budget Meeting of Parliament.

The bank's Training Manager, Alefa Mtunga, disclosed this during training of some staff members of head office on 12 September 2016.

"We have a program that aims at training senior management, all staff members and agents of the bank across the country. We are doing this in phases. We had training of staff for southern region branches held at Malawi Sun Hotel on 5 September, staff from central region branches on 8 September, some head office staff on 9 September and other head office staff are being trained today here at Bridge View Hotel," she said.

According to Mtunga, staff of northern region branches would be trained on 16 September 2016 in Mzuzu at Grand Palace Hotel, to be followed by one for the senior management on 19 September 2016 at the bank's head office.

"After training the senior management, we want to have a series of training programs for our front office staff and thereafter the agents in all the regions in October 2016. In implementing this, we will ensure that our customers get uninterrupted services at our branches," she added.

During the launch of the training programs in Blantyre on 5 September 2016, the bank's AML Compliance Manager, Twaibu Mnani, called upon the staff to make full use of the training as AML/CFT is one of the key regulatory requirements and that they needed to religiously implement what they would learn.

The training programs are being facilitated by the FIU. Apart from attending all the presentation sessions, staff members are taking a short exam to test their understanding. As of 12 September 2016, the bank had trained 149 staff members.



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