AAFM West Africa

AAFM West Africa

Who is the American Academy of Financial Management™?

The AAFM® is one of the world’s fastest growing professional standards bodies, with members in 150 countries. The AAFM’s membership is growing at the rate of more than 200% each year, joining an established membership that includes individuals from the following organizations: AIG, IRS, Federal Government ABN Amro, Abu Dhabi Commercial Bank, Agricultural Bank (China), Bank of America, Bank of Communications (China), Burgan Bank, BNP Paribas, Commercial Bank of Kuwait, CIGNA Group, Citibank, Central Bank of Oman, Central Bank of UAE, Deutsche Bank, Emirates Bank, HSBC, ING Insurance, Merrill Lynch, Morgan Stanley, New York Life, Reuters, Riyad Bank, Saudi Hollandi, UBS Warburg, Zurich International, & many more. AAFM’s qualifications are recognized by the the investor education authorities in several countries, the US Department of Labor, the AACSB, ACBSP, the International Banking School and many more. AAFM has also applied for NGO status with the United Nations. The AAFM and IIR have have a copyright agreement to develop public and bespoke in-house programs for organizations and professionals in the Gulf Region. Our accredited trainers have both deep industry experience and leading-edge strategic insight, methodologies and systems which will help achieve return on training investment. Our programs are light on theory, heavy on results, practical and pragmatic. Building the world’s future leaders in finance™ Covering corporate finance, capital markets, banking operations, investment management, insurance, risk and accounting trends and developments. Find out more about IIR’s Finance and Banking Division or more about the American Academy of Financial Management. AAFM acts in charitable service in a civil society role.


World Recognized International Certification Standards and Governmental Recognitions

AAFM ® American Academy of Financial Management  ®


AAFM ® Global Press

 News The USA Based – AAFM ® Global Board of Standards and Accreditation Council – Blazing Forward with Global Alliances and Recognition – Members in over 150 Countries

 Latest AAFM ® Press Releases, Accreditation Alliances, Government MOUs , and Diplomatic Alliances

*Recent Mainstream media Recognition of AAFM –  explains the AAFM certification processes where AAFM promotes accredited business exams and graduate education.

  1. AAFM and Securities and Commodities Authority of UAE United Arab Emirates Government sign MOU Alliance of Cooperation – Aug 1st, 2013
  2. eFinancialCareers News – AAFM and wealth management accreditation standards featured in media by E-Financial Careers and Dice.com NYSE Traded Company – July 2012   http://news.efinancialcareers.com/us-en/107469/thinking-of-being-a-wealth-manager-here-are-some-things-clients-want/  
  3. AdvisorFYI, National Underwriter News, May 2013 – AAFM accredited exam andeducation standards noted by the National Underwriter Summit Business Media Media.   http://www.advisorfyi.com/2013/05/2940/
  4. NASDAQ News, Oct. 2, 2012 –  NASDAQ News Article Recognizes AAFM AccreditedCertification Standardshttp://news.careers.nasdaq.com/newsandviews_item/wpNewsItemId-119178#.UayyTYbnZp8
  5. May 6, 2013 – AAFM Global Recognition from the Arab League’s AABFS Arab Academy of Banking and Financial Sciences. – Diplomatic Recognition
  6. National Law Journal – May 20, 2013, AAFM programs such as CWM Chartered Wealth Manager law school courses and programs featured in this article  http://www.law.com/jsp/nlj/PubArticleNLJ.jsp?id=1202600579983&slreturn=20130509171107


World Recognized International Certification Standards and Governmental Recognitions

  1. AAFM sponsors an accredited law school graduate program: See:http://www.llmprogram.org/  Students who take the graduate master of laws courses can become eligible for AAFM cerification. See law school course and exam requirementshttp://mastersinlaw.tjsl.edu/masters-in-law/certifications/
  2. AAFM recognizes Accredited Business Schools since 2003. See Presshttp://web.archive.org/web/20071217181507/http://www.aacsb.edu/publications/enewsline/Vol-2/Issue-4/assoc-aafm.asp “Some of the worlds best known business schools, including The London Business School, INSEAD, University of Pennsylvania, Harvard University, Yale University, Columbia University, EDHEC Business School, Warwick Business School, and University of Toronto are among the more than 596 business schools in over 37 countries accredited by AACSB. Click here for a complete list of accredited institutions: Accredited Institutions http://www.aacsb.edu/accreditation/accreditedmembers.asp  . Taken from http://www.aacsb.edu/media/faq.asp
  3. Since 2004, AAFM has direct legal recognition of the US Department of Education recognized ACBSP Accreditation Council for Business Schools and Programs. This accredited standards agreement allows for accredited courses and exams to operate as a path to certification. http://www.acbsp.org/download.php?sid=10 ‎
  4. FINRA Regulatory Body – Investor Education Reference Guide Showing AAFM Certifications and Requirements – FINRA does not sanction anyone such as: CFA, CFP, or AAFM certifications but does monitor and publish their requirements and standardshttp://apps.finra.org/DataDirectory/1/prodesignations.aspx  The FINRA has publised that AAFM standards promote AACSB and ACBSP accredited business education which represents business schools such as Wharton, NYU, and Stanford Business schools.
  5. Wall Street Journal recognizes AAFM Business Accreditation Standards with publication of certifications standards, requirements, and standards showing certain certifications as FINRA monitored. The Wall Street Journal specifies AAFM standards of using ACBSP and AACSB  education which represents business schools such as Yale, Harvard, and other Business schools.http://online.wsj.com/public/resources/documents/st_CREDIT1015_20101015.html  
  6. US Government References to AAFM as a major financial organization along with the SEC, FINRA and SIFMA. http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-8
  7. US Department of Labor listings of AAFM Certificationshttp://www.careeronestop.org/COS_SiteSearch.aspx?N=0&Ntk=ALL&Ntt=%22american+academy+of+financial+management%22
  8. AAFM Recognized by the Arab League Arab Academy of Banking and Finance  in Diplomatic Agreement
  9. AAFM ® Comments and provides consultation to CFPB Consumer Financial Protection Bureau about accredited education and exams. AAFM provides proposals for financial education and innovation.



  • Dec 2013 – AAFM recognizes Tanzania Business School programs and assessment as path to certification.
  • Nov 2013 – AAFM recognizes PBC School of Finance, Tsinghua University, Shanghai China
  • October 2013 – AAFM recognizes Universidad de Santander as path to certification Bolivia
  • August 2013 AAFM recognizes Virtual University at Monterrey Tech Mexico.
  • July 2013 AAFM recognizes MISR University Programs in Egypt as a qualified path to certification.
  • June 2013 – AAFM Alliance with Arab Institute for Accountants and Legal
  • May 31 2013 – AAFM Sends legal letter to Wikimedia Legal Department promoting ethics,  identifying conflicts of interest, spam and defamation. Wiki editors identified as non neutral.
  • May 30th, 2013 – AAFM Becomes financial supporter of Wikimedia Foundation and sends
  • May 2013 – AAFM has entered into a global distribution agreement with Pearson Education. AAFM assessment, test prep and exams would be available at thousands of testing centers worldwide.
  • May 2012 – Academic Supreme Counsel of Egypt’s Government  Approved AAFM Certification Programs for University Use
  • May 2013 – AAFM Establishes CWM Institute ®  in Hong Kong. CWM Institute was founded in the USA www.CWMInstitute.com
  • March 2013 –  Accredited by the Colorado Supreme Court – Board of Continuing Legal and Judicial Education for education credit for both ethics and general annual requirements. CWM and CPM certification programs.
  • March 2013 – AAFM Certification & Program on international tax and finance Accredited by Committee of the General Legal Council for Continuing Education – Jamaica – Jamaica is a parliamentary democracy and constitutional monarchy, with Queen Elizabeth II of the United Kingdom serving as the Jamaican monarch.
  • Feb 2013 – Board of Standards approved as member of EAIE European Association for International Education
  • Dec 2012 – AAFM International Board of Standards – Becomes Member of the The CHEA Council of Higher Education International Quality Group (CIQG)
  • AAFM Forms relationship with ABMC Africa Training and MIS Solutions in the UAE>
  • Sept. 2012 – AAFM ® Comments and provides consultation to CFPB Consumer Financial Protection Bureau about accredited education and exams. AAFM provides proposals for financial education and innovation.
  • May 2012 – AAFM Opens Jamaica Offices –  AAFM forms alliance with Hamilton Consulting and University Technology.
  • New Training Alliances – BIT British International Training – Knowledge Academy – Europe – Marcus Evans Conferencing – Asia – INFA Consulting – Africa – Nexus Academy – Arabia – Quality Evidence Edu Tech training center Star Quality Assurance Certification Europe – QA Training Europe, UK Asia – Cardiff Management Academy – Institute of Technology – West Indies – Securities and Commodities Authority – United Arab Emirates – The Government – Development Institute for Science & Technology – Government Recognized – DiCicco Financial Products Institute – IFTI International Financial Training Institute USA – Approved for: National Association of State Board of Accountancy (NASBA) & IRS (Internal Revenue Service) approved continuing Education provider. – Aprikot Training Singapore – British Engineering Association – Europe – India Finance Institute – Optimal Training – Bloom Management Training Arabia – Gulf Training Center – Government Recognized – Opal Conferencing – ACCFE Association of Chartered Certified Financial Engineers – US & Asia Bankers Association

    PMRG Project Management Resource Group Institute of Banking and Finance – Cairo

  • April 2012 – AAFM Begins 2 new Online Courses – Chartered Wealth Manager and Chartered Portfolio Manager for students in the US, Europe and Asia.
  • March 2012 – AAFM cooperating with Ethiopia and Indonesia Governmental authorities for higher standards.
  • March 2012 – AAFM Establishes greater Expansions in Dubai, Qatar, and Saudi Arabia . New Training Offices in Qatar.
  • Jan 2012 – AAFM works to consult with The World Bank on issues of outreach and humanitarian services.
  • AAFM Advisory Board Member quoted in Anti Piracy News – Aziz Othiameen is the head of AAFM enforcement in Arabia and co-chairman of Hemaya Universal, a Saudi firm that offers anti-piracy services.
  • Dec 2011 – AAFM Consults with UNITAR – The United Nations Institute for Training and Research – Dr. Mentz provides free educational and training materials to select UNITAR offices for use in training people in underserved regions of the world.
  • Nov 2011 – AAFM  builds alliances in Asia, Latin America and Brazil assisting corporations and governments with standards.
  • Sept 2011 – California Labor Department Includes AAFM in its labor guide.
  • Sept 2011 – Arab League’s Arab Academy Continues to Promote AAFM Certification
  • August 2011 – August 2011 – MFP ® Master Financial Planner ® Program become Federally Recognized Trademark 
  • May 2011 – See Prof. Dr. Mentz with new Law School Graduates who Completed AAFM ®Certification.
  • May 2011 – AAFM Enters MOU with Government of Brazil for Mutual Articulation Recognition for Wealth Management, Risk,  and Insurance  – Standards and Certification Education
  • April 2011 – AAFM® Accreditation Standards – Seen in USA Today, Yahoo News and major media.
  • Read about our Designations in the IBD Investors Business Daily Finance Dictionary at investors.com 
  • April 2011 – New Graduates from: Bolivia, Chile, USA, Taiwan, Korea, China, Africa and the MENA.
  • April 2011 – AAFM ® recognized by Global Certifications Council, Certification Intelligence, and Certification DegreeDirectory
  • April 2011 – AAFM listed as top 2 organizations for US Certification in Finance byCertificationsWeb.
  • April 2011 – AAFM included in list of Top Certifications in the ACFE Association of Certified Fraud Examiners.
  • April 2011 – AAFM ® and the Economist Association are featured in AfricaNews.com
  • March 2011 – AAFM recognized by the IIEI International Trade Certification
  • March 2011 – AAFM ® Founder – Prof. George Mentz named to the “Dream Team of Wealth Management” for SBM Advanced Markets Intelligence.
  • Jan 2011 – New Handbook and Annual Report
  • Jan 2011 – AAFM Included in All Financial Advisors Authoritative Guide
  • Jan 2011 – AAFM Included in the E-how Money Guide
  • Jan 2011 – AAFM establishes the American Academy of Business and Management
  • Jan 2011 – AAFM recognized by School of Banking and Financial Management in Egypt
  • Dec 2010 – Member Advancement – AAFM ® Fellow and Certified Member T.J. Turner appointed to IRS Commission Committee. CNBC Business Wire, Morningstar
  • Dec. 2010 – AAFM ® establishes new South African Alliance with -IITF International Institute for Tax and Finance. www.theiitf.org  
  • Dec 2010 – AAFM Included in the websites of: Department of Labor, Financial Authority Reference Guides, Investopedia, California Department of Labor, and US Congressional Testimony.   AAFM Also recognized globally in books, publications, and more.
  • News Nov 2010 – AAFM ® Offering Programs Internationally and 1st in the world to have Qualifying Certification Programs with a USA Accredited Law School and Post Graduate Program.  http://llmprogram.tjsl.edu  
  • News October – AAFM ® Executive Board Meetings in New York and London.
  • News October – AAFM ® Recognized as the Certification backed by Accredited Education By the Wall Street Journal. Various AAFM Certifications Featured by WSJ in their official reference guide. AAFM ® and CWM ® Featured also in the 2010 Forbes owned Investopedia Financial Dictionary:
  • The AAFM legal offices provided a list of government approved & accredited programs, approved law school certification courses, evidenced consent forms from all relevant honorary advisors, and other evidence & documentation about the CFA/CFP trademark agreements and Hon. Awards to the WSJ. Documentation Here:http://www.aafm.us/wsj.html  
  • Oct 2010 – AAFM – Benziga Media Features AAFM Certification Programs as the key promoter to mandate Accredited Education and exams from government approved institutions for credentials. Read Article
  • Oct 2010 – AAFM Designations and Graduate Requirements Featured in Wall Street Journal – See Designations in the WSJ – WSJ Wall Street Journal Reference Guide Lists AAFM ® Designations along with outlining our AAFM ® graduate education requirements. See Link
  • August 2010 – AAFM CEO, Prof. George Mentz of the Thomas Jefferson School of Law Graduate Program, has been added to the Panel of Experts for Advisor FX. Summit Media’s – National Underwriter Co. and it’s media companies have been providing services and research to the financial industry for 100 Years.
  • July 2010, UK London – AAFM Board Meetings in London. Met with directors and deans about MBA and law school articulations with new schools.
  • July – AAFM South Asia Expansions
  • July 2010, Singapore – AAFM ® Asia is pleased to announce the accreditation of Financial & Biz-Ed Consultants (FBC) as our new training provider for AAFM’s Chartered Wealth Manager (CWM ®) program. AAFM ® Asia congratulates FBC on this accreditation and looks forward to a successful collaboration!
  • June – AAFM Sponsors Conferences in China 美国金融管理学会 and Latin American Nov. 2010.  See Events
  • May 2010 AAFM ® As seen in the 2010 Forbes and Investopedia Financial Dictionary: CWM Chartered Wealth Manager ® – CTEP Chartered Trust And Estate Planner – CPM Chartered Portfolio Manager – CAM Chartered Asset Manager – AAFM American Academy Of Financial Management ®
  • March 2010 – The University of Atlanta becomes new AAFM American Academy Chapter. – Graduates from the the University of Atlanta Finance programs are eligible to apply for MFP Master Financial Professional Certification. Dr. R.-L. Etienne Barnett, PhD, MFP, ChE, will be be the Chairperson in charge of nominations and approvals for applications to the AAFM for board certifications and charters awarded by the American Academy.
  • Feb. 2010 – News: The AAFM ® Board USA works again this year with US Government to provide opinion and insights on financial innovation, reform, and employment analysis. The AAFM ® Board – Academic Standards and Quality Commission to lead this AAFM® Task Force.
  • Feb. 2010 – AAFM ® Academic Alliance Articulation with Aristotle University Graduate programs and Aristotle Law School- Prof. Dr. Tom. Gionis of USA and Greece and Prof George Mentz agreed to the mutual cross recognition and terms. Read more about Aristotle The programs at Aristotle Law School and Aristotle University will count for educational credit toward certifications
  • Jan. 2010 – AAFM ® forms international alliance with The GIFM © Global Institute of Finance and Management Training and Consulting. The GIFM was chartered & founded by industry professionals, Revenue Professionals, Lawyers, CPAs & government officials.
  • Jan. 2010 – AAFM ® Now working with Pan Asia Companies, UK Training, The International Tax Institute, The Securities and Commerce Institute, OET India.
  • DEC. 2009 AAFM ® Forms diplomatic Alliance with Egyptian Finance Institute.
  • DEC. 2009 AAFM ® 美国金融管理学会 Cooperating with China Government for Existing and New Certifications in Finance.
  • Nov. 2009 AAFM ® Rolls out its New Law School Certification Schedule.www.llmprogram.org/spring2010.html  
  • Nov. 2009 AAFM ® CEO – Prof Dr. Mentz joins the Advisory Board for the International Association of Qualified Financial Planners as Chair of the Education Committee
  • Oct. 1st 2009 – AAFM ® becomes 1st in the world to achieve 100% transparency, listing, membership recognition and disclosure with : NBEA, ISBE, AACSB, ACBSP, RSOF, ANSI, AABFS, IIFM, UNESCO, DOE, DOL, IBA, IMA, AFMLA, and NOCA.
  • Sept 2009 – AAFM USA Global Board Celebrates 10 Years as a Chartered Board of Standards. Before that, the AAFMA USA was the founding organization in the United States.
  • September 2009 – New Offices in: Mexico, Peru, Bolivia, Venezuela, and Brazil.
  • August 2009 – AAFM is Honorary Co-Host of China Finance Forum – Leaders from AAFM agree to serve as advisory members.
  • August 2009 – AAFM Signs Middle East Alliance with Arab Academy of Banking and Financial Sciences. See Press Release – AAFM and AABFS will be offering joint certification programs in 17 Arab Countries of the Arab League. Prof. Mentz will co-chair the new Arab Academy Certification Board that was chartered under the alliance.
  • August 2009 – AAFM Sponsors 3 law school scholarships for special courses at TJSL. The Judge Byrnes and Judge Mentz Memorial Scholarships will be assisting the best and brightest in achieving legal education.
  • Aug. 2009 – AAFM Sponsors the Best Paper Award for Latin America Conference.
  • News New Offices in South Africa with TRM and ITI Global
  • News: The AAFM are global sponsors of the IX IFC International Finance Conference, this time to be held in Buenos Aires, Argentina. Please visit the Conference’s website at:http://www.financeconference.cl
  • News: Chartered Economist Graduate Inauguration Ceremony
  • News: AAFM forms alliance with the WMSCC Wealth Management Standards Council of China and AAFM Board members are appointed as new members to the board.
  • News: AAFM “non profit” Asia is the new representative of the AAFM Board for managing membership. AAFM Asia is based in Singapore, Beijing, and Delhi, India.
  • News: AABFS is the new Middle East representative of the AAFM Board in the UAE for issuing secure certification. http://www.aafmgcc.com/aafm.html
  • News: The Indian Presidential Advisors have recognized the AAFM with a letter of positive estimation and full recommendation from the advisors of the President and Prime Minister of India.
  • Alert Former training sub-chapter in Dubai Knowledge Village loses its Global Recognition. Trainer Certificates and Diplomas printed in Dubai or Africa are NOT recognized by the “AAFM Board of Standards and Presidential Commissioners” The AAFM Council of Justice has also made a determination to mandate that all training must be by a licensed and registered company. Any phony emails from http://www.aafm.ORG or theiafm.org are from an unrecognized hacker group who are Phishing for money ..
  • News: AAFM International Board of Standards enters cross recognition with Egyptian Finance Association in Cairo which has governmental recognition from the Capital Markets Authority.
  • News: AAFM International Board of Standards officially recognized by the Indian Finance Institute and the Indian Business Academy. Prof Mentz and Dean Byrnes added to the Advisory Board of the India Institute.
  • News Only the US Board and Commissioners at http://www.aafm.us can issue authentic certifications. The Dubai training group has zero recognition from anyone and has been closed. The government recognized AABFS is now in charge of supervising certification in the UAE
  • News: AAFM Establishes the Chartered Certified Economists Board of Standards. 500 New members join this month.
  • News: AAFM has new partners in Malaysia, Indonesia, Philippines and Asia.
  • US AAFM and AAPM Judicual Tribunal Bans former offshore servants and trainers.Discipline
  • News: AAFM Articulation with JIU Jones International MBA program
  • The Board and Silicon Valley University of California Alliance – January 29, 2009
  • University of California Silicon Valley Awarded Prestigious Chapter Membership and Recognition from Key International Project Management Organization
  • CUPERTINO, Calif.–(BUSINESS WIRE)–UCSC Extension in Silicon Valley, (ucsc-extension.edu) a continuing professional education division of the University of California, announces that it has been awarded the rare distinction of full chapter membership and is now a certified training partner of the American Academy of Project Management.
  • As the only university in Northern California and one of only three institutions in the state to have been granted this designation, the distinction further validates the Project and Program Management (PPM) Certificate program at UCSC in Silicon Valley as one of the finest in the country. “We do not offer chapter recognition very often,” said Prof. Dr. George Mentz, General Counsel and Director of New Alliances for AAPM. “But after analysis, this program ranks among those of the highest level, for several reasons – including proximity to Silicon Valley, and the excellence of its instruction.”
  • The AAPM TM is an international graduate board offering the Master Project Manager (MPM TM) and Certified International Project Manager (CIPM TM) certifications to qualified applicants who meet rigorous requirements in education, training, experience, industry knowledge and ethics. The credential recognizes those project managers who both excel professionally and continue to expand their knowledge base with advanced training.
  • Press Archives for 1996-2010

How Is Loan Structuring Actually Done?

Crown University College,Ghana www.cucg.co.uk



When someone needs to take a loan from a bank or any other person or entity, there needs to be a loan agreement drafted which contains evidence and formal statements and conditions regarding the loan. It should contain the type of loan being issues, the amount, any conditions regarding the payback and the period pay loan pay back with any consequences if failure to pay back the loan.

As a result, when a loan is being issued, this loan agreement has to be structured in a certain way. The terms and conditions of the loan need to be set up by the lender which is the bank, any financial institution or an individual. The loan thus represents a “convenience” of sorts that is being offered by the lender and the loan is structured in the following four steps/sections,

Section One: This section contains all the terms that are to be…

View original post 345 more words