“Anti Money Laundering”

Anti-Money Laundering and Compliance Master Class.

  • Anti-Money Laundering (AML) is a constant priority for many organizations and the level of vigilance required to prevent laundering is growing by the day.
  • The prime objective of AML course training is to identify and protect the business from any transactions that may lead to money laundering and terrorist financing.

AML WORKFLOW

Financial Transaction

  • Deposit
  • Wire Transfer
  • Fund Transfer
  • Currency Exchange
  • Real Estate Deal
  • Security Transactions

Monitoring

  • Customer Identification Process (CIP)
  • Know Your Customer (KYC)
  • Suspicious Transaction Reporting (STR) based on transaction
  • Screening of designated nationalist (SDN)

Analyzing

The Information generated through monitoring requires scrutiny and validation at different stages as well as at different levels.

Reporting

  • EFT
  • CTR
  • STR
  • Terrorist Property Reporting 

 Reporting to:

  • FIU
  • Enforcement Agencies
  • Regulatory Authorities

Course description:

The 48-hour AML Master Class offers in depth training on money laundering risk analysis methods for major financial services categories ( customer type, product/service, geography and business type ) and shows how AML programs components help a financial institution manage its money laundering related risk such as how to:

  • Detect and prevent Money Laundering.
  • Define Money Laundering and its cycle.
  • Identify how Money Laundering can be committed.
  • Apply the GCC and international law and regulations on Anti-Money Laundering.
  • Analyze financial records and identify possible leads.
  • Apply methods to prove income or finds from unknown sources.

The candidate should be able to understand the anti-money laundering cycle, identifying ML methods, know AML laws and regulations, fraud detection and prevention, how to analyze financial records and prove the authenticity of income and funds.

Course Objectives:

The objectives of the course are:

  • To introduce money laundering concepts and how they operate in the financial services business context.
  • To differentiate between the primary money laundering risk categories ( customer types, geographies, product/services and financial services business areas ).
  • To distinguish primary money laundering risk types from others categories of money laundering-related risk ( reputation, sanctions ).
  • To define the AML-related issues relevant to key internal and external stakeholders in the effectiveness of an AML program’s risk management capabilities.
  • To recognize the impact of financial services business culture, business risk management practices, and external forces, on an AML program’s development and operation.
  • To identify the architectural elements and risk management functions of major AML program elements.

Why Is AML Training Important?

  • Firms have a regulatory obligation to manage external and internal anti-money laundering, sanctions, counter terrorist financing and anti-bribery and corruption risks.
  • Training is one of the most important and effective ways of addressing these issues and of preparing for future regulatory changes.

APPLY NOW


Administration Dept.

04 227 3992

107, Platinum Business Centre (Behind NMC Hospital)
Baghdad Street -Al Nahda- Dubai – United Arab Emirates

Tel: 050 660 8494
Email: info@ftiuae.com

Office Time

WEEK DAYS: 09:00 AM – 09:00 PM
FRIDAY:03:00 PM – 07:00 PM
SATURDAY: 10:00 AM – 09:00 PM
CONSULTATION : 24HR / 7DAYS