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Certified Anti Money Laundering Professional CAMLP

Course Overview

Unlock the secrets to effective Anti-Money Laundering (AML) compliance with our dynamic course!

Aligned with international best practices, our program covers both Anti-Money Laundering (AML) and Counter Terrorism Finance (CTF) Frameworks, providing a holistic understanding of key concepts.

Or course is tailored to safeguard organizations effectively, and to equip participants at all levels with knowledge and insights into identifying and combating money laundering activities.

Joining our impactful course is your contribution to a secure financial environment.

Who Should Attend

  • 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 Objectives

At the end of this course, participants will be able to:

  • Understand international money laundering standards and the participants 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

Course Content

Introduction to Money Laundering

  • Explanation of Money Laundering Laws
  • International standards
  • Wolfsberg principles
  • Office of Foreign Assets Control (OFAC)
  • Dubai Financial Services Authority (DFSA) Rulebook

The Role and Responsibilities of a MLRO

  • The role of the MLRO
  • The Annual AML Return
  • Training and Awareness
  • Risk Based Approach

AML in the workplace

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

Monitoring and Screening

  • Monitoring Customers
  • Monitoring Transactions
  • Sanctions
  • Screening Employees

Culture and Awareness

  • Awareness Campaign
  • Role based training
  • Corporate culture

Escalation

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

Tax Evasion

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

Table of Contents

Course Code DU1008 Category
Location: Dubai, UAE
Duration: 5 Days
Language: English
Cost: 15,760 SAR
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