The Ministry of Finance (MoF) has been awarded the Business Continuity Management System Certification (BCMS) based on ISO 22301:2019. This certification demonstrates that MoF meets the requirements set by the International Organization for Standardization (ISO).
Mr. Mohammed Abdulaziz Rifqi, General Manager of the Ministry of Finance's Department of Business Continuity Management, stated that “awarding the Ministry with this international recognition is the result of the steps taken to apply the required processes and controls to ensure the continuity of all critical processes in time of crises, adding that obtaining “ISO" certification is an important addition to MoF series of achievements".
Mr. Rifqi stated that the Ministry has been working at a rapid pace over the recent past to develop the necessary policies and procedures in the areas of governance, risk management, and business continuity in line with its vision and strategic objectives, indicating that it is fully prepared to deal with the occurrence of various types of variables and has the ability to maintain business continuity in all circumstances. He went on to say that acquiring ISO Certification demonstrates that the Ministry's operations are run in conformity with the highest international standards. This will further strengthen its position and reliable performance with its partners at the local, regional, and global levels, and will reflect favorably on its entire business and operations.
The BCMS is the Ministry's third worldwide success in complying to globally recognized standards established by ISO. The Ministry has already obtained "ISO/IEC 20000-1:2018" and "ISO 9001:2015," which helps realizing leadership orientations aimed at strengthening government agencies' reputation and renown.
It's worth noting that the International Organization for Standardization (ISO) awards the Business Continuity Management System Certification to entities that are successful in identifying and understanding threats and risks, as well as how they affect their business operations, through the implementation of appropriate controls to manage and address them before they occur or reduce their negative consequences.