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anti money laundering Course Training
Anti Money Laundering Course Overview:
This Anti-Money Laundering (AML) Compliance is designed to develop the essential skills necessary to enable you to understand how to support your company in Anti-Money Laundering and countering terrorist finance and how to prevent, detect, and report money laundering activities.
This training course covers regulatory environment and focus on the importance of Know your Customer (KYC), the importance of Customer Due Diligence (CDD), sanctions monitoring and the role of the Money Laundering Reporting Officer in practical terms.
You will learn about studying the AML risks involved in emerging industry sectors. This is an intensive and highly practical training program qualifying you to become proficient in the Anti-Money Laundering process and the laws that make it a crime. It will raise awareness of financial crime risks, global laws and regulations, laws and regulations applicable to your jurisdiction, and the systems and controls aimed at detecting and preventing financial criminal acts.
This training course also covers several topics regarding the nature of the services and products offered by the financial services industry (namely managing, controlling and possessing money and property belonging to others) means that it is vulnerable to abuse by money launderers and the aspects of money laundering and initiatives undertaken to combat terrorism including regulations that govern financial institutions.
What we learn in Anti Money Laundering:
By the end of this training course, you will be able to understand:
- The process of Money Laundering
- Regulations applicable to firms / banks
- FATF roles in Anti-Money Laundering
- The penalties for non-compliance with AML legislation
- How Anti-Money Laundering and Countering Terrorist Financing (CTF) might be prevented?
- How to define the ways in which a Firm / Bank and its staff should protect themselves against the risks of Money Laundering and Terrorist Financing?
- Due diligence measures to deter money laundering and terrorist financing
- The “red flags” might help you to identify, prevent and report any (suspicious or actual) criminal activity
- The implications of offshore financial center on AML
Course Outline
Risk & Methods of Money Laundering & Terrorism Financing
- What is Money Laundering?
- Three stages in the Money Laundering Cycle
- Consequences of Money Laundering
- Methods of Money Laundering in Banks & depository institutions
- Money laundering in correspondent banking
- Payable through accounts
- Concentration accounts
- Risks of private banking
- Politically Exposed Persons (PEPs) & associated Risks
- Structuring
- Cuckoo Smurfing
- Money Laundering Risk associated with Credit Card
- Third Party Payments processors
- Money Services Business
- Insurance companies
- Risk of New Technologies
- Case Studies
International AML/CFT Standards
- Financial Action Task Force (FATF)
- FATF Objectives
- FATF 40 Recommendations
- FATF Members, Observers & Regional bodies
UAE AML Compliance Framework
- Federal Laws & Regulations
- National Risk Assessment
- Recent Development
- FIU of the Central Bank of the UAE
- Understanding AML/CFT Risk
- Consequence of noncompliance
AML/CFT Program
- The Elements of an AML/CFT Program
- Culture of Compliance
- Overview of AML/CFT Policies
- Know Your Customer
- Customer Due Diligence
- Elements of Customer Due Diligence Program
- Enhance Due Diligence for High-Risk Customers
- Account Opening, Customer Identification & Verification
- Tipping off & Confidentiality
- Consequences of Willful blindness or purposeful indifference
- Politically Exposed Persons Screening
- Know Your Employee
- Transaction Monitoring
- Suspicious Activities Reporting Matrix
- ML & TF Red Flags
- Case studies
Sanctions
- Economic Sanctions
- Sanctions List Screening
- Case Studies
Benefits of Anti Money Laundering Courses in Dubai :
- Anti Money Laundering Courses in Dubai by our trained experts.
- You will get both Institutional certificate and the KHDA certificate.
- Spoton provides you the facility to schedule the classes according to your availability.
- You will get the Anti Money Laundering Courses study materials to study further.
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student testimonials
I recently completed my Interior designing softwares and it was an amazing experience. I studied AutoCad, Revit and SketchUp here. The time schedule was really flexible. I had two tutors and one of them was Sarath sir, he was very helpful and improved me a lot in software skills and as well as other professional skills. And to specially mention, all the tutors and staffs were friendly and supportive. There are many other courses in this institute and I strongly recommend to try those here.
I just completed my VAT course at the Spoton training institute. I was new to Dubai and was a little scared to explore and learn new things but my trainer made it very easy, he made the course interesting and delivered it simply. If any doubt arrives in the class he will clear that doubt with some examples from his work experience so that I can understand easily. I got more knowledge from this class, so I thank spoton institute.
My experience working with Spoton has been nothing but incredible. I was always presented with opportunities to learn and grow professionally and personally with regard to my field in Cybersecurity. It is a blessing to form relationships and work with gifted and intelligent individuals who are just as passionate about what they do as I am. Spoton is definitely a great company, and I hope to do more work with them in the future.
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I recently completed the VAT course at SpotOn, taking online classes . I’m pleased to say it was an excellent experience. Jiss Thomas’s was my trainer and his teaching was comprehensive, making complex topics easy to grasp. The online platform was user-friendly, ensuring a smooth learning process. I highly recommend SpotOn for their VAT course, especially for the convenience of online learning and the expertise of trainers like Jiss Thomas.
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