عربي
عربي
Passionately developing careers since 2000.
عربي
عربي
Why Attend
The United Arab Emirates has issued several pieces of legislation to combat money laundering, terrorist financing, and arms proliferation, including the Anti-Money Laundering and Terrorism Financing Law and the Counter-Terrorism Law. It also issued a number of important ministerial decisions in this regard, to effectively combat money laundering and monitor and combat illegal banking activities and their potential consequences, such as terrorist financing or arms proliferation. This training program will address awareness and a comprehensive understanding of the illicit financial phenomena and activities resulting from the increasing spread of illicit banking services. The training program aims to raise awareness about illicit banking activities, which may be behind or result in financial crimes such as embezzlement, financial fraud, money laundering, and terrorist financing. It will also raise awareness of the concept, seriousness, and forms of these crimes, as well as the obligations of competent authorities to combat these crimes.
Overview
Course Outline
Schedule & Fees
Methodology
The consultant will provide a presentation and examples, and ask participants to complete exercises on the Excel payroll and benefits program. In addition, there will be group workshops and presentations.
Course Objectives
By the end of the course, participants will be able to:
Distinguish between banking entities and legitimate remittance providers in the United Arab Emirates
Understand the risks or crimes that may arise from illicit banking services
Track and detect suspicious banking transactions
Understand the concept of beneficial owner and the role of suspicious banking transactions in international financial crimes such as money laundering, supporting terrorism, and arms
Understand the elements of money laundering and terrorist financing crimes
International standards for combating money laundering, terrorist financing, and arms proliferation
Reporting illicit or suspicious banking activities or services
Target Audiences
Financial planning managers and chief accountants
Financial managers
Audit managers
Financial sector supervisors
Accountants and auditors
Financial analysts
Specialized staff
Target Competencies
Analysis of the Reasons for the Increasing Spread of Illicit Banking Services
Identity Verification and Anti-Money Laundering Methods
Registered Hawala Brokers and Licensed Financial Institutions in the UAE
Possible Risks of Hawala Activity
Regulatory and Supervisory Authorities for Registered Hawala Brokers in the UAE
Permitted and Unpermitted Services for Registered Hawala Brokers
Reporting Suspicious Transactions and Registering with GoAML
Submitting a Suspicious Transaction Report to the Competent Authority
Sanctions and Freezing without Delay
The Concept of Money Laundering, Terrorist Financing, and Illegal Organizations
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