Anti-Money Laundering and Combating Terrorism Financing

*Fees + VAT as applicable(including coffee breaks and a buffet lunch daily)

*EWT reserves the right to alter dates, content and venue.

Overview

Enable participants from the necessary required skills to recognize and deal with the financial crimes ( Money laundering and terrorism financing ).

 

Delivery methods:

  • Group exploration and facilitator led discussions
  • Practical exercises
  • Best practice theory exploration

 

Course objectives:

By the end of this training course participants will be able to:

  • The definition of the Money laundering as it’s industry carried by Professionals.
  • Money laundering Stages.
  • The consequence of the money laundering crimes.
  • What we can do in case of suspicious in a transaction?
  • The final applications for the modern instructions in case of the money laundering.
  • The required information in order to report on the suspicious transactions.
  • The penalties and the legal procedures in money laundering and terrorism financing.

 

Target audience 

All Employees in Financial Organizations  

Course Outline

 

Module 1: Introduction to the Anti-Money Laundering

  • The definition of Money Laundering.
  • Purpose of Money Laundering
  • Money Laundering stages.

  

Module 2: Risks of Money laundering

  • Financing of Terrorism
  • Legal sources of financing of terrorism
  • Economic and social risks and negative impacts
  • Risk to the Bank due to weak and deficient program

 

Module 3: Law and regulation of Money Laundering and Financing of Terrorism

  • Law and regulation in KSA and GCC
  • The update on Anti-Money Laundering regulations
  • Risk-based approach

 

Module 4: Principle of Know Your Customer ( KYC )

  • Who is the Customer ?
  • What is the principle of Knowing your customer ?
  • Advantages of (KYC)
  • The essence of the elements of (KYC)
  • Identity Verification requirements

 

Module 5: Reporting suspicious transaction

  • What are the suspicious transactions?   
  • Staff responsibilities
  • How suspicious transactions are reported
  • Update customer information and record-keeping requirement

 

Attractive Course Location Worldwide

Training with Tourism

  • Country

    Saudi Arabia

  • Country

    United Arab Emirates

  • Country

    Lebanon

  • Country

    Kuwait

  • Country

    Oman

  • Country

    Morocco

  • Country

    Egypt

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