Washington D.C., USA – October 17th to November 4th, 2016- The Financial Institutions Commission proudly announces that the FIC Bank Examiner Ms. Lindsay M. Timarong has successfully completed the four phase U.S. FDIC Bank Examination training series culminating with the intensive three-week Examination Management School (EMS). EMS is the final phase of FDIC Bank Examination School and is a requisite for eligibility to become a commissioned examiner in the U.S. focusing on building capacity and certification for leading bank examinations as Examiner-In-Charge.  

[restrict] The successful completion of the three-week program is tantamount to earning a commissioned status for foreign jurisdiction participants who may not be required to take a national exam in their respective countries. This is a tremendous advantage for the Republic where our largest financial institutions are branches of U.S. FDIC insured banks. Ms. Timarong was commended by course facilitators for her analytical writing skills and recognized for her cumulative experiences in the conduct of on-site examinations including Anti-Money Laundering examinations.

Ms. Timarong has successfully completed the Examination Introductory School, Financial Institution Analysis School, and Loan Analysis School in prior years. Potential areas of further study include specialty examination programs such as Information Technology/Bank Cybersecurity and Bank Secrecy Act/Anti-Money Laundering (BSA/AML) courses.

The FIC’s Executive Commissioner and Bank Examiner began taking courses at the FDIC’s Bank Examination School in 2010.  The Bank Examiner’s completion of the final phase of U.S. FDIC Bank Examination School was made possible by a grant from the U.S. Department of Interior, which has funded these invaluable and requisite trainings from the beginning of the training programs in 2010.  The FIC wishes to thank the U.S. Department of Interior and the coordination efforts of the Palau National Government in this regard which has led to Palau having a Bank Examiner that is of U.S. FDIC caliber and able to examine banks not only in Palau but in any State or Territory of the United States.  [/restrict]