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3 Reviews
Learn about the crimes of money laundering and terrorist financing with this comprehensive training program. You will gain an understanding of the systems, procedures, compliance standards, and risk management, in addition to reviewing local and international legislation, best practices, and how to design and implement a risk-based anti-money laundering program.
3 Reviews
The "Combating Commercial Concealment" program offers an opportunity to enhance the knowledge and skills of banking sector employees in this field, improving their efficiency in addressing the challenges of commercial concealment and countering its risks. The program focuses on key topics such as the definition of concealment, distinguishing between crimes and violations, analyzing the material elements and investigation methods, and explaining the impact of good faith as well as the social and economic effects. It also enables participants to understand the regulations for disclosing and .reporting violations in effective legal ways
Banking
Capital Market
Insurance
Financing
Compliance and Anti-Financial Crimes
Not Exist
Lecture
Case Studies +2
Lecture
Case Studies
Dialogue Teams
Exercises and assignments
Pre Exam
Post Exam
Senior Compliance Specialist
Purchase Program
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This provides you with the opportunity to select the available times that suit you best for participation in our program. These times represent slots during which we are ready to welcome you and provide assistance and guidance.
In Class Training
Explanation of the nature and risks of money laundering
Explain the nature and risks of terrorist financing
The differences and similarities between money laundering and terrorist financing
Misconceptions about money laundering and combating it
Recent patterns in money laundering and terrorist financing
In Class Training
Financial Action Group (FATF)
Basel Committee on Banking Supervision
Wolfsberg Group
The Egmont Group of Financial Intelligence Units.
EU directives
The World Bank and the International Monetary Fund
The US National Anti-Terrorism Act
8. Initiatives of regional organizations in combating money laundering and terrorist financing
In Class Training
Anti-money laundering system
Executive Regulations of the Anti-Money Laundering System
Anti-terror crime and financing system
Executive Regulations for Combating Terrorism Crimes and Its Financing
Anti-Money Laundering and Terrorist Financing Guide issued by the Central Bank of Saudi Arabia
Guidelines issued by the Ministry of Justice
The guide issued by the Ministry of Commerce
The guide issued by the General Authority for Endowments
In Class Training
Objectives of the control program
How does risk assessment work?
Know Your Customer Requirements
Due diligence and strict due diligence procedures and requirements
Examples of high-risk accounts and businesses
International ban lists and their importance
In Class Training
1. What are suspicious operations?
2. The difference between suspicious and unusual operations
3. How are suspicious processes detected?
4. Role of Anti-Money Laundering Units
Identify the various risks of money laundering and terrorist financing, as well as, the penalties and disciplinary actions relating to breaches, for the purpose of due diligence, and ways to deal with it.
Identify money laundering and terrorist financing indicators in financial institutions, to ensure reporting of suspicious activities and ongoing monitoring
Understand the most critical laws, regulations, and directive relating to AML and CTF, as well as, the respective international standards and leading practices, to comply with and apply them.
Acquiring the knowledge and skills to prepare and implement the Anti-Money Laundering and Terrorist Financing Program, which is based on risks, to implement it efficiently and effectively.
Define roles and responsibilities of the Board of Directors and the executive management in support of the AML and CTF programs in financial and non-financial organizations and not-for-profit organizations
Know the methods and trends of AML and CTF and ways to address them.
