AML/CFT Compliance & Financial-Crime Risk
The FATF Recommendations applied in banks and government bodies: due diligence, transaction monitoring, reporting, risk assessment, international sanctions and preparing for mutual evaluation.
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Programme overview
For compliance officers in banks and exchange houses, the financial-intelligence unit and regulators: the international and local framework, the risk-based approach, enhanced due diligence, monitoring systems and preparing for FATF/MENAFATF evaluation.
Learning Objectives
- Apply the risk-based approach in the institution.
- Carry out customer and enhanced due diligence.
- Monitor and report suspicious transactions.
- Prepare for mutual evaluation and close gaps.
Target Audience
- Bank compliance and AML officers.
- Financial-intelligence-unit staff and regulators.
- Exchange houses, insurers and securities firms.
Program Curriculum
- Module 1
Day 1: Framework and the risk-based approach
- FATF Recommendations and local legislation
- Institutional, customer and product risk assessment
- Module 2
Day 2: Due diligence and monitoring
- Customer and enhanced due diligence and beneficial ownership
- Monitoring systems and suspicious-transaction reporting
- Module 3
Day 3: Sanctions and evaluation
- International sanctions, terrorism and proliferation financing
- Preparing for mutual evaluation: gap workshop