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Learn methods for detecting suspicious activities and managing .trade operation risks
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
Banking
Financing
Compliance and Anti-Financial Crimes
Not Exist
Lecture
Case Studies +2
Pre Exam
Post Exam
Purchase Program
( 0)Available
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-Online Training
The concept and risks of money laundering and terrorist financing
The most prominent trade finance instruments (Documentary Collections and Documentary Credits)
The concept of trade-based money laundering and terrorist financing
The “Red-Flags” of trade-based money laundering and terrorist financing
In Class Training-Online Training
The organizational structure and legal framework of the compliance departments in banks and financial institutions
Saudi laws and regulations, as well as regional and international initiatives to combat money laundering and terrorist financing
Monitoring trade finance activities through detective scenarios and reporting suspicious transactions
The entities and methods of investigating money laundering and terrorist financing suspicions (The legal and procedural framework)
The technological advancements’ role in combating trade-based money laundering and terrorist financing
Understand money laundering operations and the concept of terrorist financing to understand the risks of this financial crime and the importance of combating it.
Identifying money laundering and terrorist financing risks related to trade finance instruments for the purpose of due diligence.
Familiarity with AML/CFT requirements across business operations to ensure that suspicious activities are properly reported and on-going monitoring.
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.
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.
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