Program Brief

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.

Program Goals

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

  • Understand the nature of Money Laundering & Terrorism finance that faces the insurance industry as an act of due diligence.
  • Getting to know the main Money Laundering & Terrorism finance indicators in the financial sectors as well as the non-financial sector to ensure reporting of all suspicious activities and continuous monitoring.
  • Applying the various methods/processes of detecting Money laundering and terrorism finance and managing their risk in Insurance, to ensure best protocols are followed and reporting of any suspicious activities and continuous monitoring, with docum
  • Comprehend the laws, guidelines and regulations specific to Money Laundering & Terrorism finance to ensure full compliance and implementation.
Jadarat
Program Agenda
Module 1: The Meaning of Money Laundering
  • 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

              Module 2: The International
              • 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

                        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
                        • Practical Implementation
                        • Dialogue Teams
                        Evaluation Method
                        • Pre Exam
                        • Post Exam
                        Training Type
                        • In Class Training
                        • Online Training
                        Partners
                        • jam Consultancy DMCC

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