Anti-Money Laundering (AML) Compliance & Fraud Prevention Masterclass

Course Introduction

According to The Bank Secrecy Act (BSA), money laundering is the process of concealing the origins of illegally obtained funds through investing and placing them into legitimate ventures. Almost all countries worldwide have committed to instilling extremely tough laws (Anti Money Laundering -AML) against money laundering to prevent it.

The general understanding of anti-money laundering (AML) compliance has evolved in recent years. Nowadays, business managers, not only bank managers, realise that compliance with AML laws is a regulatory obligation and can also improve long-term business prospects and bring real value to the entire organisation and improve corporate reputation.

This Anti-Money Laundering (AML) Masterclass training course is designed to help delegates identify and report the red flags associated with illegal deposits and activities. It puts them in a variety of money laundering scenarios to teach how criminals launder money and how the process of money laundering works. More importantly, the trainer will walk you through the process of implementing an effective AML process.

This training course will highlight the following:

• What is Money Laundering
• Methods of Money Laundering
• AML Regulations
• Building a Quality AML Program
• Know Your Customer and Customer Identification Program

Objectives

The participants will be able to:

• Determine the process of money laundering and describe its stages
• Define the regulatory framework and the responsibilities for the AML compliance department
• Represent the most common red flags in money laundering instances
• Identify the methods in recognizing money laundering, namely: The KYI ( know Your Industry)  and  the KYC ( know Your Customer )
• Determine the requirements of a Quality AML program

Training Methodology

This training course will utilise various proven learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes:

• A presentation in a highly interactive manner
• Individual and group activities, interspersed throughout the sessions, along with appropriate case studies
• Video documentaries that will highlight the significant teaching features

Professional Impact

This training course provides a solid background for professionals who want to understand how the financial system and the banking industry work.

The participants will:

• Understand the complexity of the banking system
• Develop banking and AML vocabulary
• Increase knowledge of different red flags of the banking transactions, their sources, and consequences
• Make more sound decisions regarding red flags, suspicious and fraudulent events
• Demonstrate an understanding of how banking regulations influence the Transaction Banking processes

Target Audience

This training course is suitable for anyone who wants to learn about the banking industry and how the AML Best Practices work. Whether delegates come from Business, Legal or Technical backgrounds, this course is bespoke to benefit professionals from different sectors and industries such as but not limited to:

• Relationship and Customer services professionals of Commercial Banks
• Branch Office Managers of a bank
• Legal professionals across all industries
• Sales Professionals in the Banking Industry
• Investment Management Professionals
• Wealth Management Professionals
• Public and Semi-Public sectors' professionals
• Entrepreneurs and Business Owners
• Consultants

Daily Topics

For Registration, Course Outline & more information please contact

NAYEL Training Centre 

T: +971 4 379 7245 | M: +971 50 249 6876 WhatsApp +971 50 249 6876

Email [email protected]