Money Laundering & AML Regulations
22/08/2023 - 25/08/2023 @ 8:30 am - 2:00 pm - Training Need The purpose of the seminar is to get the participants to learn/improve/refresh their knowledge of the latest Money laundering schemes as well as the latest AML regulations and best practices get ready to provide assurance services to their companies on this specialized area. Objectives: Enrichment of knowledge: The scope for the seminar is [...]
Map Unavailable

Date/Time
Date(s) - 22/08/2023 - 25/08/2023
8:30 am - 2:00 pm

Location


Training Need

The purpose of the seminar is to get the participants to learn/improve/refresh their knowledge of the latest Money laundering schemes as well as the latest AML regulations and best practices get ready to provide assurance services to their companies on this specialized area.

Objectives:

Enrichment of knowledge: The scope for the seminar is to assist the participants to be able to understand and adjust accordingly their auditing methodologies in order to be able to audit their respective AML procedures in their own companies having first understood the numerous money laundering schemes that exist out in the real world thus safeguarding the company from these risks.

Updating of skills: During the two-day seminar, full explanations with simple and practical workshops (round table discussions and scenarios to be analyzed and presented in class by the delegates) will be created. These will allow the participants to be in a position to use the theory to engage into a discussion / solve the case scenarios on the relevant topic of the discussion.

  • Gain the skills necessary to review and improve the AML structure
  • Develop techniques to effectively assess your organizations AML risk management activities and

The following sections will be fully discussed and explained during the process of the seminar:

  • Introduction and Scope of the seminar
  • Money Laundering Methods & Processes
  • Methods Used to Launder Money Through Front Businesses
  • Favorite Businesses for Hiding or Laundering Money
  • Emerging Payment Methods and Schemes
  • Calling in a Specialist
  • Internal Controls, Policies and Procedures
  • Red flags of money laundering
  • Enforcement and prevention strategies
  • Terrorist financing
  • Record keeping
  • Training and awareness
  • New deposit accounts
  • New loan accounts
  • Special problems for insurance companies
  • Detection
  • The financial action task force
  • The FATF recommendations
  • Legal systems
  • Deterring money laundering and terrorist financing
  • Reporting suspicious transactions
  • Regulation and supervision
  • Countries with substantial money laundering issues
  • The United Nations
  • International monetary fund/world bank
  • The European Union

 Improvement of attitude: with the conclusion for the seminar the delegates will be able to have a better understanding of what is expected of them in preparing for their first or next audit assignment that of the AML.


Bookings

Bookings are closed for this event.

Disclaimer

The UAE IAA reserves the right to amend the Terms & Conditions at any time without prior notice.

While the UAE Internal Audit Association and its staff make every effort to observe and maintain the schedule of every training course as set forth in the organization’s training schedule, under certain circumstances that are out of our control we might feel obligated to cancel and/or reschedule any training course or event. Under these circumstances, our training department will forward all registrants to the next available schedule for the same course. The individual participant or the sponsoring organization will have the ability to request a different schedule for the same course or a different course within the same calendar year.

Back to Course List
CPEs: 20 Point
Course Level: All
Duration: 4 Day/s
Language: English
Member Fees:2250USD
Nonmember Fees: 2500USD

Number of Attendees:

Book your calendar
Book Now