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AML for Exchange Companies

This two days course will assist you to understand the regulatory requirement mentioned in the Money exchange manual issued by SAMA, the AML law in KSA, and how to build an effective and efficient AML program and how to report suspicious transactions to the FIU

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

2 Days

Prerequisites:

. None, as this is a basic AML course

This course entitles you to attend:

Upon successful completion of this course, participants will obtain:

Arabic

Course Schedule :

  08:30 - 15:30
  Dammam
  Feb 21,2018 - Feb 22,2018
  Male
  Mahmoud Sami
  08:30 - 15:30
  Madinah
  Feb 26,2018 - Feb 27,2018
  Male
  Hany Faidy
  08:30 - 15:30
  Riyadh
  Mar 04,2018 - Mar 05,2018
  Male
  Hany Faidy
  08:30 - 15:30
  Riyadh
  Mar 07,2018 - Mar 08,2018
  Male
  Mahmoud Sami