Anti-Money Laundering (AML) Compliance Masterclass

An Intensive 5-day Training Course

Anti-Money Laundering (AML)
Compliance Masterclass

Protection Against the Risks of Money Laundering
and Terrorist Financing

Anti-Money Laundering (AML) Compliance Masterclass

Scheduled Dates

Classroom

29 Apr - 03 May 2024 Dubai - UAE $5,950 RESERVE A SEAT
10 - 14 Jun 2024 London - UK $5,950 RESERVE A SEAT
22 - 26 Jul 2024 Istanbul - Turkey $5,950 RESERVE A SEAT
02 - 06 Sep 2024 Dubai - UAE $5,950 RESERVE A SEAT
04 - 08 Nov 2024 London - UK $5,950 RESERVE A SEAT
16 - 20 Dec 2024 Amsterdam - The Netherlands $5,950 RESERVE A SEAT

Online

04 - 08 Nov 2024 Online $3,950 RESERVE A SEAT

Are the scheduled dates matching with your needs?

We provide a wider range of training options. Tailored and customized, we can deliver your organization’s training needs anytime, anywhere.

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Why Choose this Training Course?

This Anti-Money Laundering (AML) Compliance Masterclass is designed to develop the essential skills necessary to enable you to understand how to support your company in Anti-Money Laundering and countering terrorist finance and how to prevent, detect, and report money laundering activities.

This training course covers regulatory environment and focus on the importance of Know your Customer (KYC), the importance of Customer Due Diligence (CDD), sanctions monitoring and the role of the Money Laundering Reporting Officer in practical terms. You will learn about studying the AML risks involved in emerging industry sectors.

This is an intensive and highly practical training course qualifying you to become proficient in the Anti-Money Laundering process and the laws that make it a crime. It will raise awareness of financial crime risks, global laws and regulations, laws and regulations applicable to your jurisdiction, and the systems and controls aimed at detecting and preventing financial criminal acts.

This PetroKnowledge  training course also covers several topics regarding the nature of the services and products offered by the financial services industry (namely managing, controlling and possessing money and property belonging to others) means that it is vulnerable to abuse by money launderers and the aspects of money laundering and initiatives undertaken to combat terrorism including regulations that govern financial institutions.

What are the Goals?

By the end of this Anti-Money Laundering (AML) Compliance Masterclass training course, you will be able to understand:

  • The process of Money Laundering
  • Regulations applicable to firms / banks
  • FATF roles in Anti-Money Laundering
  • The penalties for non-compliance with AML legislation
  • How Anti-Money Laundering and Countering Terrorist Financing (CTF) might be prevented?
  • How to define the ways in which a Firm / Bank and its staff should protect themselves against the risks of Money Laundering and Terrorist Financing?
  • Due diligence measures to deter money laundering and terrorist financing
  • The “red flags” might help you to identify, prevent and report any (suspicious or actual) criminal activity
  • The implications of offshore financial center on ML

Who is this Training Course for?

This PetroKnowledge training course is designed to deliver the knowledge and skills, providing details of the latest policies and procedures to:

  • Staff with specific anti money laundering duties
  • Anti-Money Laundering (AML) / Compliance Professionals
  • Senior Management
  • All Staff working in financial services who want an introduction to anti money laundering
  • Anyone who works within the regulated financial sectors, or to a career in anti-money laundering or fraud prevention
  • Consultants
  • Treasury Managers
  • Auditors
  • Lawyers
  • Regulator or Advisor of Product / Services
  • Credit Managers

How will this Training Course be Presented?

Participants to this training course will receive an overview of the best practices of competing Anti-Money Laundering and terrorist finance.  The training methodology includes case studies, group live instruction, presentation and ongoing discussion of worked examples, videos, group discussion and interactive participation is encouraged.

Organisational Impact

This training course is of direct relevance to Anti-Money Laundering (AML) and as a result the organizations will benefit greatly from their employee’s participation. The organization will gain from:

  • More effective support for Anti-Money Laundering (AML) team
  • Greater relevance and reliability of analyzing the regulatory
  • More strategic thinking and focus on performance
  • More effective use of detecting high risk indicators
  • Preparation of staff for increased responsibility

Personal Impact

This Anti-Money Laundering (AML) Compliance Masterclass training course will be of personal benefit to delegates by providing you with:

  • Understanding Money Laundering, Terrorist Financing and Sanctions
  • Vulnerabilities of financial institutions to money laundering and terrorist financing
  • Anti-money laundering and combating terrorist financing – legal and regulatory structures
  • Management obligations and the risk-based approach to money laundering and terrorist financing
  • Greater awareness of industry practices, problems and solutions
  • Increased understanding and assurance to complete tasks successfully
  • Increased self-confidence and motivation at work
  • Greater job satisfaction in providing quality support to management
  • Greater ability to supervise, develop and motivate colleagues
  • The structure of the Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF) regime in your jurisdiction
  • Your fit into the Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF) regime
  • Designated remittance service arrangements and correspondent banking
  • Reporting of certain transactions; and record keeping
  • Consequences to you for not complying with your obligations

Daily Agenda

Day One: Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
  • Why the Current Focus on Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF)?
  • Money Laundering & the Financing of Terrorism Definitions
  • Differences and Similarities between Money Laundering and Terrorist Financing
  • Key Stages of Money Laundering
  • Typologies & Techniques of Money Laundering
  • Indicators of Money Laundering
  • Products and Services Vulnerable to Money Laundering or Terrorism Financing
  • Money Laundering Trends in (Jurisdiction)
Day Two: The International Organizations of Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF)
  • The International bodies’ response to Anti-Money Laundering (AML) and  Countering Terrorist Financing (CTF)
  • The International Measures to Prevent Money Laundering and Financing of Terrorism 
  • The Complex and Interrelated Risks with Respect to Money Laundering and Sanctions
  • FATF and Its Roles of Anti-Money Laundering (AML)
  • Customer Policies and Procedures
  • International Legislation and Legislation Applicable to Your Jurisdiction
  • The Wider Context for Financial Crime Risk and Regulation in which Your Firm Operates
  • The Role and Responsibilities of (Front / Back Office / AML / Compliance Officer), and How these fit within the financial crime risk-management life cycle?
Day Three: Compliance Strategies
  • Jurisdiction Anti-Money Laundering (AML) and  Countering Terrorist Financing (CTF)
  • Laws and Regulations
  • The Requirements for Robust Anti-Money Laundering Operations, Internal Controls, Procedures and Policies
  • Cooperation with the Authorities and the Regulators
  • Know Your Customer (KYC) and ID&V Rules
  • Tipping-off
  • Market Abuse and Insider Dealing
  • Client Relations and Human Resources Strategies
  • The Relevant Laws and Regulations in Your Jurisdiction, The International Standards and The Role of Law Enforcement
Day Four: Recognizing and Reporting Suspicious Transactions
  • Statutory Obligations
  • Identifying Suspicious Transactions
  • Internal and External Reporting of Suspicious Transactions
  • Identifying High-risk Indicators - Understand what to do with the information and whom to escalate it to
  • The Role of the MLRO
  • The Importance of Record Keeping
  • Responsibilities of Firms / Banks and Individuals
  • Setting-up Monitoring Procedures
Day Five: Money Laundering Detection Techniques
  • Prevention, Detection and Due Diligence
  • Early-Warning Mechanisms
  • Designing Money Laundering and Terrorist Financing Risk Assessments
  • Applying Know Your Customer (KYC) & Customer Due Diligence (CDD )
  • Risk Management of Politically Exposed Persons (PEPs)
  • Screening
  • Best Practices Applicable to Firms / Banks 
  • Sanctions

Certificate

  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

Oxford Management Centre

Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.

Koukash Consultancy

Our collaboration with Koukash Consultancy aims to provide the best training services and benefits for our valued clients.

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Frequently Asked Questions

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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