Program Brief

Proceeding from the pioneering role of the Kingdom of Saudi Arabia and its commitment to international treaties related to money laundering and combating terrorism and its keenness to keep Saudi society and financial sectors free from financial corruption and what may affect the economic, political or social stability; many rules and regulations have been adopted to combat financial crimes and limit their spread. This training program presents the latest relevant regulatory developments; The new methods of money laundering associated with the capital markets, It also discusses the latest methods, ideas and tools that contribute to combating it and avoiding its occurrence.

Program Goals

At the end of the training program, the participant should be able to:

  • old and new methods of money laundering and terrorist financing related to capital markets in order to develop an effective mechanism for combating them and limiting their spread.
  • Learn the principles of know your customer to minimize the risk of money laundering and terrorist financing.
  • understanding of the modern methods for combating money laundering and supporting terrorism to develop the most accurate strategies for tracking and reporting suspicious funds.
Program Agenda
Module 1: Basic Concepts
  • 1 Introduction to AML

    • 2 International regulations for AML and best practices

      • 3 AML

        Module 2: Money Laundering Methods
        • 1 Traditional methods of money laundering through accounts and insurance companies

          • 2 Means of money laundering through money and capital markets

            • 3 AML methods risk assessment

              Module 3: Know Your Customer (KYC) Principles
              • 1 Customer Due Diligence Procedures and Best Practices in Capital Markets

                • 2 Early detection of individuals suspected of money laundering or terrorist support

                  • 3 AML and CFT classification criteria

                    Module 4: AML Methods
                    • 1 Money laundering preventive methods and procedures

                      • 2 AML standards related to capital markets

                        • 3 International regulations and best practices

                          • 4 AML and CFT regulations is Saudi Arabia

                            Module 5: FATF Recommendation
                            • 1 (40) FATF recommendations

                              • 2 FATF methodology to assess effectiveness of AML/CFT systems

                                • 3 (8) FATF recommendations related to non-profit organizations

                                  Module 6: Using Block Chain in AML and CFT
                                  • 1 Introduction to block chain and distributed ledger

                                    • 2 Using block chain for AML

                                      • 3 Using block chain in KYC

                                        Program Requirements

                                        Not Available

                                        Program Path

                                        Names of the training programs that are integrated (enriched) with the training program:

                                        • Not Available

                                        Names of the training programs that after the training program:

                                        • Not Available
                                        Program Method
                                        • Lecture
                                        • Case Studies
                                        • Brainstroming
                                        • Dialogue Teams
                                        • Exercises and assignments
                                        Evaluation Method
                                        • Pre Exam
                                        • Post Exam
                                        Training Type
                                        • In Class Training
                                        • Online Training

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