. Understanding the concepts of anti-money laundering and terrorist financing and enhancing the financial institution's ability to respond to regulatory requirements in these areas.
.Access to basic information needed to build and implement anti-money laundering and terrorist financing program
.Identify and assess the risks of non-compliance and identify suspicious transactions that should be reported to the FIU.
.How to apply the risk-based approach and assess customer, products, services, and geographic risks.
.The importance of combating money laundering and terrorist financing.
.Anti-money laundering law in Saudi Arabia, formal framework, regulatory and legal requirements.
.Domestic and international initiatives to combat money laundering and terrorist financing
.Anti-Money Laundering and Terrorist Financing Program
.Risk-based approach
.Risk Assessment - Customer Risk, Products, Services and Activities
.Apply the principle of know your customer and apply due diligence/enhanced due diligence on high-risk customers
.Suspicious indicators, and reporting of suspicious transactions
.International and domestic Sanctions.
.Commercial concealment, controls, and reporting procedures
.Case studies
.Compliance, anti-money laundering and terrorist financing staff in financial institutions.
.Attend the Compliance and anti-money laundering induction course.
.Certificate of Compliance (COC)
.Certificate of attendance at a training course.