Advanced AML/CTF for Compliance Officers

140.00 Dhs.

  • Level: Advanced
  • Location(s): Dubai
  • Frequency:: Once / 4 Months in Dubai [Total 3 Courses]
  • Duration: 4 Hours
  • Venue: 4 or 5 Star Hotel with 1 Coffee Break & Lunch
  • Deliverables: Training, Handouts (Soft Copy)
  • Accreditation: Accredited ACC / FERG Certificate of Completion
  • Price:Participant Fee: AED 140 +VAT 5%
Course Details
  • Course Duration: 1 Day
  • Course Trainer: Hossam Abd El-Rahman, CPA, CICA, CFE, CFS, CFCI, CDDP, CAMS, CAMS-FCI, CAMS-Audit, AMLP
  • Course Audience: All Staff
  • Course Language: English
  • Training Methodology: Presentation, Live Examples, Videos, Quizzes, Workshops & Active discussions
  • Giveaways: Course Handouts Folder, Case Studies, Quizzes & Accredited Certificate of Completion
About this Course: 

The United Arab Emirates has taken steps to issue AML/CTF Laws for Combating of Money Laundering and Financing of Terrorism. The Laws established improved governing principles and standards to protect local financial institutions from being used to launder money and finance terrorism.

Measures were also put in place that enable the freezing of terrorist assets, giving power to the public prosecutor to freeze or confiscate funds or instruments, if sufficient evidence exists to suggest that they were obtained or used with regards money laundering or terrorism financing.

Additionally, The Central Bank of UAE has supplemented the AML/CTF Laws by issuing circulars and instructions to local financial institutions, instructing them on measures that should be taken to ensure that customer due diligence practices are adhered to, in order to give the new law the best possible chance of succeeding.

Learning Objectives:
  • Awareness about Money Laundering, Reverse Money Laundering and Terrorism Financing Crimes,
  • Fighting Money, Laundering, Reverse Money Laundering and Terrorism Financing Crimes a per the Law requirement
  • Highlighting the major requirements of United Arab Emirates AML/CTF Laws.
  • Understanding the additional responsibility of bank employees under United Arab Emirates AML/CTF Laws.
Session 1: Money Laundering, Terrorism Financing – An Ongoing Threat
  • Money Laundering Definition
  • Money Laundering Stages
  • Reverse Money Laundering Definition
  • Terrorism Financing Definition
  • Terrorism Financing Stages
  • Money Laundering Vs. Terrorism Financing
Workshop 1: Money Laundering & Reverse Money Laundering
Session 2: Customer Due Diligence “CDD”
  • Elements of Customer Due Diligence “CDD”
  • Customer Acceptance Policy “CAP”
  • Customer Identification Program “CIP”
  • Transaction Monitoring
  • Risk Management
Session 3: Tipping off Vs. Willful Blindness- How to stay compliant?!
  • Relationship Managers / Officers’ Responsibility for AML/CTF
  • How to file Internal Suspicious Reports “ISARs / ISTRs / ISCRs”
  • Knowledge
  • Willful Blindness
  • Tipping Off
  • Safe harbour Law
Closing Session: Wrap Up & Conclusion
Distribution of Certificates