Laws and regulations for combating money laundering and terrorist financing have been enacted at the international and local levels, to enhance the ability of financial institutions to prevent the occurrence of these financial crimes. This program explains the standards related to combating money laundering and terrorist financing, as well as local and international legislation and relevant best practices. It also shows the role of the board of directors and the executive management in financial and non-financial institutions and non-profit organizations in supporting the anti-money laundering and terrorist financing program.
At the end of the training program, the participant should be able to:
1 Money laundering concept
2 Money laundering risks
3 The concept of terrorism, its financing and its risks
4 The differences and similarities between money laundering and terrorist financing
5 Realistic examples of misuse of financial and non-financial institutions in money laundering and terrorist financing operations
6 Know Your Customer Requirements
1 Financial Action Group (FATF)
2 Basel Committee on Banking Supervision
3 Wolfsberg Group
4 The Egmont Group of Financial Intelligence Units.
5 EU directives
6 The World Bank and the International Monetary Fund
7 The US National Anti-Terrorism Act
8 Initiatives of regional organizations in combating money laundering and terrorist financing
1 Anti-money laundering system
2 Executive Regulations of the Anti-Money Laundering System
3 Anti-terror crime and financing system
4 Executive Regulations for Combating Terrorism Crimes and Financing Law
5 Anti-Money Laundering and Terrorist Financing Guide issued by the Central Bank of Saudi Arabia
6 Guidelines issued by the Ministry of Justice
7 The guide issued by the Ministry of Commerce
8 The guide issued by the General Authority of Awqaf
1 Hiring a Compliance Officer
2 Provide the right resources
3 Adoption of the relevant policies
4 Ensure that the software is tested (independent audit of the software)
5 Program evaluation
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:
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