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The need to understand and effectively combat financial crimes is more critical than ever. This training program provides a solid foundation in anti-money laundering (AML) and counter-terrorism financing (CTF), with a focus on relevant laws and regulations — especially within the Kingdom of Saudi Arabia. Participants will gain the essential knowledge to identify financial risks and comply with both local and international standards.
In today’s economically and financially interconnected world, the issue of combating money laundering and terrorist financing poses a critical challenge to the international community. Illicit funds, generated by transnational crimes such as drug and human trafficking and corruption, directly threaten economic and social stability and support criminal activities that harm national and international security. This training program seeks to enable a comprehensive understanding of the phenomenon of money laundering and terrorist financing, how it works and its negative effects. It also aims to enhance knowledge about international and regional efforts to combat these crimes, with a particular focus on the legislative and regulatory framework in place in the Kingdom of Saudi Arabia.
Banking
Capital Market
Insurance
Financing
Compliance and Anti-Financial Crimes
Not Exist
Digital Training
Introduction
Objectives
Concept of Money Laundering
Elements of Money Laundering Concept
Stages of Money Laundering
Methods of Money Laundering
Concept of Counter-Terrorist Financing
Stages of Counter-Terrorist Financing
The Difference Between Money Laundering and Counter-Terrorist Financing
Negative Effects and Consequences of Money Laundering
Sanctions
Activity
Summary
Assessment
Introduction
Objectives
Major International Organizations
Importance of International Bodies for Anti-Money Laundering Authorities
Risk-Based Approach
Activity
Summary
Assessment
Introduction
Objectives
Efforts of the Kingdom in Combating Money Laundering and Terrorist Financing
Key Anti-Money Laundering and Counter-Terrorist Financing Systems
Role of the Saudi Arabian Monetary Authority
Role of the Capital Market Authority
Activity
Summary
Assessment
Introduction
Objectives
Responsibilities of Financial Institutions
Responsibilities of the Board of Directors
Responsibilities of Senior Management
Responsibilities of Financial Institution Employees
Application of Risk-Based Approach
Activity
Summary
Assessment
Introduction
Objectives
Anti-Money Laundering and Counter-Terrorist Financing Compliance Program
Hiring and Monitoring Standards
Record Keeping
Reporting Suspicious Transactions
Monitoring and Tracking Operations and Activities
Key Indicators of Money Laundering Suspicion
Key Indicators of Suspicion Related to Terrorist Financing
Activity
Summary
Assessment
Introduction
Objectives
Types of Due Diligence
Politically Exposed Person
Correspondent Banking Relationship
Wire Transfer
Simplified Due Diligence Measures
Activity
Summary
Assessment
Unit One: Fundamentals of Anti-Money Laundering and Counter-Terrorist Financing
14
Unit Two: International and Regional Efforts and Initiatives
7
0
Unit Three: Legislative Framework in the Kingdom of Saudi Arabia
9
Unit Four: Regulatory and Institutional Framework in the Kingdom of Saudi Arabia
10
Unit Five: Anti-Money Laundering and Counter-Terrorist Financing Programs
12
Unit Six: Due Diligence and Enhanced Due Diligence Measures
9
0
Familiarity with the concept of money laundering and terrorist financing.
Identify international and regional efforts and initiatives.
Familiarity with the legislative framework in the Kingdom of Saudi Arabia.
Understanding the regulatory and institutional structure in the Kingdom of Saudi Arabia.
Identify the role of anti-money laundering and counter-terrorism financing programs.
Realize the importance of due diligence procedures.
Distinguish between simplified and enhanced due diligence procedures.
