This training program aims to prepare the participants with the knowledge and skills to pass the Foreign Exchange Professional Exam. The exam is mandatory by Saudi Central Bank (SAMA), intended for all employees of the FX and Money Transfer Centers operating in the Saudi market. During the program, the participants learned about the structure of exchange and transfer centers and the principles of effective customer service, in addition to being familiar with the regulations and laws of the banking sector that enable them to perform their duties towards the consumer and the beneficiary professionally and with full responsibility.
At the end of the training program, the participant should be able to:
1 Structure of KSA Banking Sector
2 General Features of Money Exchange and Transfer Centers in KSA
3 SAMA and its Role in Control over Money Exchange and Transfer Centers
4 Effect of International Rules, Standards and Agreements on Money Exchange and Transfer Centers
1 Exchange Center Customers, their Different Needs and Methods of Dealing with Them
2 Customer Acceptance Policies and Procedures
3 Principles of Protecting Money exchange Center’s Customers
4 Skills of Customer Service Employees at Money Exchange Centers
5 How to keep customers
6 Mechanisms for Dealing with Customers’ Complaints
7 Effective Customer Relationship Management
1 Main Features of Products and Services in Money Exchange and Transfer Centers
2 Rules for incoming and outgoing remittances
3 Tasks assigned to exchange employees at money transfer centers
1 Compliance in Financial Institutions
2 Compliance Department and Compliance Director
3 Rules for Money Exchange Centers Operating in KSA
4 Compliance Responsibilities in Money Exchange Centers
5 Compliance Manual for Money Exchange Centers Operating in KSA
6 FIs Governance in KSA
1 Basic Concepts of Financial Fraud in Money Exchange and Transfer Centers
2 Most Common Types of Fraud in Money Exchange and Transfer Centers
3 Fraud Combating and Prevention Techniques
1 Money Laundering Operations
2 Terrorist financing operations
3 The difference between money laundering and terrorist financing
4 Operations suspected of involving money laundering or terrorist financing
5 Role of Internal Control in Protecting Money Exchange Centers against Money Laundering risks
6 KSA’s AML/CTF Initiatives
1 Code of Conduct Objective
2 Basic Values of the Code of Conduct
3 Money Exchange Center and its Employees’ Commitment towards Customers
4 Employees’ Commitment towards Each Other
5 Money Exchange Center’s Commitment towards Employees
Not Available
Names of the training programs that are integrated (enriched) with the training program:
Names of the training programs that after the training program:
Not Available
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