Combating money laundering & terrorist financing course level 1          Download Brochure

By the end of this course you will be able to:

.Detailed statutory and legal requirements for combating money laundering and terrorist financing

.Components of the AML/CTF program.

.The role of the AML Department and the Executive Management in ensuring the effectiveness of the anti-money laundering and terrorist financing program.

.How to accurately assess the ML/TF risks and develop the appropriate risk management policies.

Course Outline:

.Introduction to money laundering and the importance of combating money laundering and terrorist financing.

.Anti-money laundering law in Saudi Arabia, the framework, regulatory and legal requirements.

.Domestic and International initiatives to combat money laundering and terrorist financing

.Money laundering stages and patterns used

.Risk-based Approach

.Risk Assessment - Customer Risk, Products, Services and Activities

.Applying the principle of KYC (know your customer), applying due diligence /enhance due diligence

.Beneficial owners (natural and legal)

.AML/CTF department

.Money laundering &Terrorist financing indictors

.Reporting suspicious transaction

.Training, awareness, and education

.International and domestic sanction

Target Audience:

.Financial institutions employees and staff

Prerequisites:

.At least one year of experience in the financial institutions.

This course entitles you to attend:

Upon successful completion of this course, participants will obtain:

.Attendance certificate.