Program Name

Combating Money Laundering And Terrorist Financing “Basic”


Over the past several years the banking industry, financial institutions, and the financial services industry have made significant strides in money laundering detection and prevention. However, they continue to be vulnerable to misuse by criminal elements for laundering illegally obtained profits and funds intended to finance terrorist activities. Money laundering methods have become more creative in the last years. This is due to the expansion of products and services offered, more complicated financial relationships, advances in technology, and the increased velocity of money flows worldwide. Terrorist financing, although only one aspect of money laundering, has become a critical concern following the events of September 11, 2001.

Central Banks require regulated institutions to develop and implement effective anti-money laundering programs that encompass terrorist financing.

In 1996, the United Nations estimated that US$ One Billion daily were involved in money laundering. The amounts have increased now and reached to trillions of Dollars. Some of the leading businesses in the world were faced with loss of confidence in its business after being caught up in two money laundering schemes and a cheques kiting scheme, and faced with the option of closing down or finding a suitable purchaser. A thirty three billion US dollar assets bank had gone into liquidation after being caught with laundering business. Money Laundering Fraud continues to be one of the important issues that must be addressed.


It is better than even successful prosecution, and this is precisely the challenge that financial and commercial service industries face. Have you thought of how to protect yourself and your assets from fraudulent transactions?

  • Defining Money Laundering.
  • Suspicious Activity Indicators.
  • Difference between Money Laundering and Fraud (cases and example).
  • The Dangers Involved (cases and examples).
  • Benefits of Deterrence.
  • Money Laundering Techniques & Examples (cases and examples).
  • Managing Politically Exposed Persons (PEPs).
  • Managing high risk customers.
  • Identification theft (cases and examples).
  • Laws for Combating Money laundering and Terrorist Finance.
  • United Nations resolutions in respect of combating terrorist financing.
  • Compare some of the GCC Laws for the Anti Money Laundering and anti terrorist finance.
  • Central Banks regulations.
  • Problems in applying Anti Money Laundering laws in highly competitive markets.
  • The U.S. Patriot Law and the impact on banking industry and financial institutions.
  • Screen against OFAC and other government lists.
  • How to set your IT for combating Money Laundering (Basic).
  • Black Money & the abuse of non-profit organizations.
  • Criminal Liability on banks, individuals and employees.
  • U.S. Bank Secrecy Act.
  • Policies and Procedures.
  • Customers / clients behavior.
  • Compliant officer role and responsibilities.
  • The Group of Seven Financial Action Task Force (FATF).
  • Self Protection.
  • Applying moment of truth while conducting an investigation or enquiring from clients.
  • What bankers can do to help.
  • What bankers should look for.
  • Money laundering red flags.
  • Establish effective Customer Due Diligence System and monitoring program (basic).
  • SAR: Establish an effective suspicious activity monitoring and reporting process (basic).
  • How to handle suspicious transactions in the bank.
  • How to conduct the investigation.

Benefits To the participant and the organization:

  • Awareness of the nature of Money Laundering transactions.
  • Depriving fraudsters / money launderers in the business.
  • Awareness of prime banking instruments.
  • Understand how to develop your combating systems.
  • Avoid becoming direct / indirect party to Fraud and Money Laundering.
  • Reduce the risk of Laundering business in the financial society
  • Help avoid Fraud Business.
  • Demonstrate how people are too easily taken in by bluster, bluff, name -dropping and pretentious language.

Language of the programs:

This program can be provided in English and Arabic.

It is preferable to divide the participants between the Arabic and the English programs to ensure that they get the maximum benefit.


6 Training Hours.