Finance and Accounting

Training Course: Anti-Money Laundering/Combating the Financing of Terrorism (Aml/Cft)


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FI234754

16 - 27 Mar 2025

Dubai (UAE)

Cost : 6640 € Euro

Introduction

Money laundering and the financing of terrorism are financial crimes with economic effects.

Money laundering requires an underlying, primary, profit-making crime (such as corruption, drug trafficking, market manipulation, fraud, tax evasion), along with the intent to conceal the proceeds of the crime or to further the criminal enterprise. These activities generate financial flows that involve the diversion of resources away from economically- and socially-productive uses—and these diversions can have negative impacts on the financial sector and external stability of member states. They also have a corrosive, corrupting effect on society and the economic system as a whole. Because of the negative consequences of these forms of financial abuses on our members’ economies and financial systems, the IMF has been very active for over ten years in the AML/CFT area.

AML/CFT controls when effectively implemented, mitigate the adverse effects of criminal economic activity and promote integrity and stability in financial markets.

Course Objectives

By the end of the course, participants will be able to:

  • Understand international money laundering standards and the participant's role as an Anti-Money Laundering Officer or Money Laundering Reporting Officer (MLRO) within their organization
  • Establish a risk-based approach to AML, the AML/CTF Framework, business risk assessments, and suspicious activity reports
  • Assess customer, product, and jurisdictional risk, and identify red flags
  • Develop methods for training and culture to identify and combat money laundering activities related to their organization

Target Audience

This course is suitable for Compliance Officers, AML Officers, Money Laundering Reporting Officers (MLROs), Know Your Customer (KYC) analysts, auditors, and any other professionals with responsibilities for financial compliance within their organization. 

Course Outlines

Day 1:

  • Introduction to Money Laundering
  • Explanation of Money Laundering Laws
  • International standards

Day 2:

  • Wolfsberg principles
  • Office of Foreign Assets Control (OFAC)
  • Dubai Financial Services Authority (DFSA) Rulebook

Day 3:

  • The Role and Responsibilities of an MLRO
  • The role of the MLRO
  • The Annual AML Return

Day 4:

  • Training and Awareness
  • Risk-Based Approach

Day 5:

  • AML in the workplace
  • AML policy
  • Business Risk Assessment
  • Customer Risk Assessment

Day 6:

  • Customer Due Diligence (EDD)
  • Politically Exposed Person (PEP)
  • Enhanced Due Diligence (EDD)
  • Source of Funds and Source of Wealth (SOF, SOW)

Day 7: 

  • Monitoring and Screening
  • Monitoring Customers
  • Monitoring Transactions
  • Sanctions
  • Screening Employees

Day 8: 

  • Culture and Awareness
  • Awareness Campaign
  • Role-based training
  • Corporate culture

Day 9:

  • Escalation
  • Examples of warning signs
  • Record keeping
  • Internal Escalation Process
  • Suspicious Activity Reports

Day 10:

  • Tax Evasion
  • Tax Evasion
  • Tax Avoidance
  • US Foreign Account Tax Compliance Act (FATCA)
  • Ensuring compliance

Finance and Accounting

Training Course: Anti-Money Laundering/Combating the Financing of Terrorism (Aml/Cft)


Register Now
Quick Inquiry
Discount Group Download Brochure (36)

FI234754

16 - 27 Mar 2025

Dubai (UAE) -

Cost: 6640 € Euro


  About Dubai

Dubai, located on the Persian Gulf, is one of the seven United Arab Emirates and one of the most popular tourist destinations in the world. The discovery of oil in the region has made Dubai extremely wealthy, allowing it to build the glittering skyscrapers that it is now famous for. That wealth is strongly in evidence in Dubai and visitors will see luxurious buildings and supercars aplenty. Perfect beaches and endless shopping opportunities are to key to Dubai's attractions. Flights to Dubai open up the city's cultural attractions to tourists, with beautiful mosques, museums and art galleries scattered throughout this ultra-modern metropolis.


  Things to do and places to visit in Dubai

Dubai's wealth has made it famous for building ever taller buildings and creating artificial islands off its shores. The city's hotels are luxurious and shoppers will love its extensive shopping malls which showcase all the world's top brands. Dubai's attractions don't end there. Dubai also caters to adventure lovers, who can jump in a 4x4 or on a board to speed over dunes outside the city. Local culture mustn't be forgotten either, and visitors have wonderful mosques to visit and old districts to explore. All that combined means that a flight to Dubai is sure to lead to an unforgettable holiday.

When visiting Dubai, be sure to:

  • Go to the observation deck of the Burj Khalifa, the tallest building in the world.
  • Admire the intricately beautiful Grand Mosque, which has the tallest minaret in the city.
  • Understand the local history and culture with a visit to the Dubai Museum.
  • Discover objects from the 6th century at Jumeirah Archaeological Site.
  • Go skiing – That's not a joke, the Mall of the Emirates houses a snowdome.
  • Go shopping at the Mall of the Emirates or the Dubai Mall.
  • Explore the desert surrounding the city – either by 4x4 or atop a camel.
  • Eat fantastic seafood at Dubai Marina.
  • Cool off at the Wild Wadi Waterpark.
  • Marvel at gorgeous Arabic calligraphy at Jumeirah Mosque, the biggest in the city.
  • Take a yacht tour around the artificial islands of Palm Jumeirah.
  • Haggle for souvenirs in one of the city's souks.
  • Wander around the traditional building in Bastakiya District.
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