Anti-Money Laundering and Terrorist Financing through Trade Operations

Anti-Money Laundering and Terrorist Financing through Trade Operations

Learn methods for detecting suspicious activities and managing .trade operation risks

Overview

Combating money laundering and the financing of terrorism through business operations is essential to ensure the stability of the financial system and prevent its use for illicit purposes. Business operations involve closely monitoring transactions to identify the source and direction of funds, as well as detecting any suspicious transactions related to terrorism financing or money laundering. This process requires collaboration between financial institutions and regulatory authorities to ensure compliance with local and international laws. Companies are also required to implement effective anti-money laundering strategies, such as verifying customer identities and monitoring suspicious financial activities. Anti-money laundering mechanisms also include training employees and submitting regular .reports to the relevant authorities

Sectors

Banking

Financing

Job Families

Topics

Compliance and Anti-Financial Crimes

Prerequisite Programs

Not Exist

Training Methods

Lecture

Case Studies +2

Evaluation

Pre Exam

Post Exam

Purchase Program

( 0)Available

Available Dates

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.

Register Your Interest

Program Agenda

Schedule

See all
  • Day 1

  • Day 2

Module 1: The Concept of Money Laundering and Terrorist Financing in Through Trade-Based Instruments

In Class Training-Online Training

1

The concept and risks of money laundering and terrorist financing


2

The most prominent trade finance instruments (Documentary Collections and Documentary Credits)


3

The concept of trade-based money laundering and terrorist financing


4

The “Red-Flags” of trade-based money laundering and terrorist financing


Module 2: Anti-Money Laundering

In Class Training-Online Training

1

The organizational structure and legal framework of the compliance departments in banks and financial institutions


2

Saudi laws and regulations, as well as regional and international initiatives to combat money laundering and terrorist financing


3

Monitoring trade finance activities through detective scenarios and reporting suspicious transactions


4

The entities and methods of investigating money laundering and terrorist financing suspicions (The legal and procedural framework)


5

The technological advancements’ role in combating trade-based money laundering and terrorist financing


Pre-Programs

Program Targets

category

Understand money laundering operations and the concept of terrorist financing to understand the risks of this financial crime and the importance of combating it.

category

Identifying money laundering and terrorist financing risks related to trade finance instruments for the purpose of due diligence.

category

Familiarity with AML/CFT requirements across business operations to ensure that suspicious activities are properly reported and on-going monitoring.

category

Familiarity with the most prominent laws, regulations, directives, standards, and best practices related to combating money laundering and terrorist financing to ensure compliance with the relevant directives.

category

Acquire the skills of evaluating the anti-money laundering and terrorist financing program so that it can contribute to improving the relevant procedures and protocols.

Suggested Certificates

Success Stories

1000+ entities have joined forces with TFA, weaving together inspiring stories of success, which have been an outcome of vigorous efforts to elevate competencies and provide specialized training programs that foster excellence and innovation.

users

Mohammed Al Malki

HR Operations Associate Director

" Thanks to a partnership with The Financial Academy (TFA), MEDGULF made a quantum leap in terms of human capital development – a goal sought by... "

users

Rana Albabtain

Head of Development & Career Management Division

" Under our strategic partnership with The Financial Academy (TFA), Bank AlJazira has made substantial achievements with regard to developing the... "

users

Dr. Abdulrahman Al-Mutairi

Senior Head of Human Capital for Training and Development at Riyad Bank

" We believe that at Riyad Bank, we have succeeded in partnering with the Financial Academy in building the capabilities of many of the bank's employees... "

users

Ms. Dana Al-Husseini

Head of Human Capital Management at AlAhli Financial Company

" In the pursuit to enhancing human capital within the financial sector, the partnership between SNB Capital and the Financial Academy... "

2 / 4

Related Programs

We value your feedback

Dear visitor, we hope that you will participate in improving and developing the services provided by the academy on the website.

Was it easy to find what you were looking for on the Academy's website?
Was the information presented on the Academy’s website sufficient and useful?
Please share with us your suggestions for developing the website
Thank You!
⭐ Your Opinion
WhatsApp