AML (Anti Money Laundering) Training

AML (Anti-Money Laundering) compliance refers to the measures businesses take to adhere to regulations designed to prevent money laundering and terrorist financing. It involves creating a framework of policies, procedures, and internal controls to identify and report suspicious activity. This includes appointing an AML compliance officer, conducting risk assessments, monitoring transactions, and implementing technology solutions.

Key aspects of AML compliance:

Establishing an AML Compliance Program:

• This program includes policies, procedures, and controls to detect and prevent money laundering.

Risk Assessment:

• Businesses must assess their specific risks of money laundering, considering factors like customer base, product types, and transaction volume.

Monitoring Transactions:

• Systems and procedures should be in place to monitor customer accounts and transactions for suspicious activity.

KYC (Know Your Customer) and Due Diligence:

• Verifying the identity of customers and conducting due diligence to identify potential risks.

Suspicious Activity Reporting (SAR):

• Reporting suspicious transactions to the relevant authorities.

You Can Apply for A CPD-So Global Certificate After Successfully Completing the Course, with An Extra Cost of AED 400