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Register now to participate in this specialized program. The program aims to introduce participants to the concepts of money laundering and terrorism financing, as well as recent international developments in this area. Participants will also gain skills in due diligence and tracking suspicious transactions, along with an understanding of the regulations issued by the Saudi Central Bank in this regard.
The phenomena of money laundering and the financing of terrorism are among the most important invisible risks that threaten the stability of the global economic system. It is an international crime that knows no geographical borders and is considered multinational, international, transcontinental and manifold and spreads in the weak economic entity that does not face it or establish controls to eliminate it. It is difficult to combat money laundering and terrorist financing operations because of the high degree of professionalism of the parties that do this and their use of modern technical methods. This program is designed to familiarize participants with the basic concepts of combating money laundering and combating terrorist financing and the recent international developments in these two areas. Participants also acquire the skills of conducting due diligence and tracking suspicious transactions The laws and directives of the Central Bank of Saudi Arabia related to combating money laundering and combating terrorist financing will also be discussed.
Insurance
Compliance, AML, and CTF
Customer Care +3
Compliance, AML, and CTF
Customer Care
Internal Audit
Risk Management
Sales and Distribution / Intermediaries
Compliance and Anti-Financial Crimes
Not Exist
Lecture
Case Studies +2
Lecture
Case Studies
Brainstroming
Dialogue Teams
Pre Exam
Post Exam
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- +3
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Purchase Program
( 0)Available
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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
Terms and definitions
The concept and definition of the crime of money laundering
Predicate offenses preceding the money laundering offense
The stages of money laundering operations
Methods of money laundering
Indications of possible money laundering operations
The concept and definition of the crime of financing terrorism
The difference between money laundering and terrorist financing offenses
The risks to which financial institutions are exposed as a result of non-compliance with anti-money laundering
In Class Training-Online Training
The role of the Saudi Central Bank in combating money laundering operations.
Getting to know the role of the Financial Action Task Force (FATF)
The Forty Commandments of the Financial Action Task Force FATF for Anti-Money Laundering
Security Council resolutions to combat money laundering
The Nine Commandments of the Financial Action Task Force FATF to Combat the Financing of Terrorism
In Class Training-Online Training
Indications of a case of money laundering or terrorist financing in insurance companies
Dealing with suspicious cases
Reporting forms
In Class Training-Online Training
Who are the customers
Know your customer policy objectives
KYC Model Individual Natural Person
KYC Model Corporate (legal person)
Customer Due Diligence
Customer Recognition Procedure
Examples of high-risk clients
Examples of high-risk clients Customer due diligence based on risk
In Class Training-Online Training
Supervisory authorities
Financial Intelligence Unit
Law enforcement agencies
Other relevant authorities in the field of combating money laundering
In Class Training-Online Training
Compliance Definition
The organizational structure of compliance department
Evaluate the effectiveness of the commitment function
The relationship between compliance, internal control and risk management
Costs and benefits of commitment
Non-compliance costs
In Class Training-Online Training
Dealing with suspicious cases
Reporting Forms
Implementation of the decision
Case study
In Class Training-Online Training
Overview of Sanctions Updates
Sanctions risk management
Familiarize with the concept of money laundering and terrorist financing in order to combat these phenomena in the insurance sector
Understand the international framework for money laundering and terrorist financing to implement best practices in the insurance sector
Understand the legislative and regulatory framework for combating money laundering and combating terrorist financing in the insurance sector and the penalties for these crimes to ensure comply with the relevant directives
Identify the role and function of local and international financial intelligence units and their relationship to the insurance sector
Familiarity with the role of financial institutions in the field of combating money laundering and combating the financing of terrorism to avoid the consequences of non-compliance
