Money Laundering schemes is a global phenomenon that ruins economies of entire countries from one aspect, as well as being a main source of financing terrorism. Therefore, most countries have worked together to formulate certain rules and guidelines to fight it, and the insurance industry is not safe from money laundering and is one of the industries exposed and used for money laundering and terrorism funding. This program is designed to provide candidates working in the insurance sector with a proper understanding of Anti-Money Laundering & Financing Terrorism, how to detect it, the different forms of fraud in insurance & the various strategies for combating it. Also, candidates will be exposed to the main international organizations that work in this area beside the Saudi Central Bank regulations that must be complied with.
At the end of the training program, the participant should be able to:
1 The meaning of money laundering
2 The process of money laundering
3 The participated
4 The risks to which financial institutions are exposed as a result of non-compliance with anti-money laundering
5 Various methods of detecting Money laundering in Insurance
6 Indications of possible money laundering transactions
1 The International organizations in combating money laundering
2 The regulatory framework for money laundering
3 The role of the Insurance Regulator in combating money laundering
4 Corporate Governance
5 The role of Know Your Customer (KYC) policy in Combating Money Laundering and Terrorist Financing
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:
jam Consultancy DMCC
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