AML for Exchange Companies         

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

. Understand the regulatory requirements mentioned in the Anti-Money Laundering Law and Bylaws issued by KSA.

. Apply the regulatory requirements mentioned in SAMA manual for Money exchange companies issued in 2015

. Know the FATF 40 principles.

. How to build an effective AML program, identify ML risks and apply the Risk based approach.

. How to identify suspicious transactions and the procedures to report them to the FIU.

Course Outline:

. The importance of Compliance in the Financial sector/Consequences of Non -compliance

. Definition of Money Laundering

. Regulatory requirements mentioned in the AML law

. FATF 40 principles

. Money Laundering stages

. Regulatory requirements mentioned in SAMA manual for Money exchange companies issued in 2015  Customer Types/Customer acceptance policy  Know your customer principles/Due diligence procedures/Customer risk assessment

Target Audience:

. All money exchange companies staff

Prerequisites:

. None, as this is a basic AML course

This course entitles you to attend:

Upon successful completion of this course, participants will obtain: