Combating money laundering & terrorist financing course advanced level          Download Brochure

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

. 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.

Course Outline:

.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

Target Audience:

.Compliance, anti-money laundering and terrorist financing staff in financial institutions.

Prerequisites:

.Attend the Compliance and anti-money laundering induction course.

This course entitles you to attend:

.Certificate of Compliance (COC)

Upon successful completion of this course, participants will obtain:

.Certificate of attendance at a training course.