Anti Money Laundering – 31 July
Program Overview :
The phenomenon of money laundering and financial crimes has grown in light of globalization and the growth of the effectiveness of international financial markets, as well as the electronic development of banking operations has facilitated the transfer of money and profits resulting from organized crime operations and made these funds as if they resulted from a legitimate source, and the movement of these funds affected local resources and international and threaten economic stability, especially in small and developing countries, and since the banking sector is the backbone of the financial system and the main body responsible for the transfer of money, the role of banks in combating money laundering crime is an important role where money laundering operations are tracked through banking operations and auditing at the expense of depositors, but The secrecy of banking operations may help the growth of this crime. In this context, it is necessary to identify the concept of the phenomenon of money laundering and to explain its various means, and the nature of laws against money laundering operations in some Arab countries, down to the means to address this phenomenon, including the role of the banking system, which is the first front line to address this phenomenon.
This program aims to introduce participants to the issues and challenges of the phenomenon of money laundering, including the theoretical and practical (technical) dimensions of this phenomenon, and the role of banks and financial institutions in combating this phenomenon, and to address all modern methods and means that banks must take into account when combating this phenomenon, which leads To cause a major imbalance in the economies of countries and incur heavy material losses.
At the end of the program, the participant will be able to identify:
- Elements of the money laundering crime.
- International Anti-Money Laundering Instructions.
- The latest modern methods to address this phenomenon.
- Mainly insurance workers.
- Managers of the Banking Compliance and Compliance Departments and their principal assistants.
- Risk managers and their main assistants.
- Financial Controllers and their Principal Assistants.
- Bank branch employees and officials.
- Key employees in the accounting and financial management departments.
- Internal audit managers and their main assistants.
- Employees of the banking supervision departments.
- Employees of credit operations departments, credit control departments, contract documentation departments, and treasury departments.
First Session. one hour
- First outline: the concept of money laundering, objectives and sources.
- Second outline: the social effects of the phenomenon of money laundering.
- Third outline: international laws and legislation that deal with money laundering.
- Fourth outline: Banking methods and methods used in money laundering operations.
- Fifth outline: Preventive measures to prevent money laundering in financial and banking institutions.