Program Objectives of The Complete Programme of Anti-Money Laundering (AML).
- Discover and prevent Cash Laundering.
- Specify Cash Laundering and also its cycle.
- Recognize how Money Laundering can be committed.
- Assess monetary records as well as recognize feasible leads.
- Apply approaches to show income or funds from unidentified sources.
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
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