The Full Programme of Anti-Money Laundering (AML) Event, 10.Feb.2025

Introduction

Course Objectives of The Full Programme of Anti-Money Laundering (AML)

• Detect and prevent Money Laundering
• Define Money Laundering and its cycle
• Identify how Money Laundering can be committed
• Analyze financial records and identify possible leads
• Apply methods to prove income or funds from unknown sources

The Full Programme of Anti-Money Laundering (AML) Course Outlines

Day 1

Advanced approaches to Anti-money laundering

•  The risk-based approach of anti-money laundering
•  Methods of money laundering through financial, production, and service institutions
•  Customer and Entity Risks
•  Regional and Geographical Risks
•  logistical risks
•  Risks of services and products
•  Technical and organizational risks
•  Money laundering risk management strategies
•  The responsibility approach and the role of compliance management of anti-money laundering
•  Continuous Improvement Approach

Day 2

Money Laundering schemes

• Nominee scheme
• Business front scheme
• Banking scheme
• Banking-business combination
• Smurf and structured transactions
• Shell companies
• Loan-back schemes
• Invoice scams
• Buy-backs
• Examples of money laundering schemes

Day 3

Identifying indicators of illegal activities in bank records

• How indicators are developed
• How indicators can be used
• Indicator examples
• Abnormal activity in accounts
• Tips and pitfalls

Day 4

Methods of proving income

• Analyzing financial records for leads
• Using books and records in a financial case
• Analyzing the balance sheet
• Analyzing the income statement
• Indirect methods: net worth and bank deposits
• Direct methods of proof
• The Capone organization

Day 5

Legislation and legal procedures

•  An overview of the international and Arab laws related to anti-money laundering.
•  The role of Anti-Money Laundering Authority in organizations
•  The role of financial management and auditor's reports
•  Methods for detecting tax evasion or non-compliance
•  Investigation Procedures
•  Studying the documents and files of the suspicious operation
•  Subpoena, inspection, and issuance of relevant reports
•  Conclusion of the program