Anti Money Laundering

Course Date

2 - 6 October 2023
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30 October - 3 November 2023
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20 - 24 November 2023
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11 - 15 December 2023
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25 - 29 December 2023
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Course content

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Why Attend
This course provides a comprehensive and practical analysis of Money Laundering schemes, Anti-Money Laundering legislation, and counter-measure techniques and implementation. Participants will learn to understand the complexities associated with the prevention and the protection of their organizations. They will cover different types of schemes, the methods available to prove income, what records are required, how to analyze them, and how to identify leads.
Considering the most current cases of violation of Anti-Money Laundering regulations and the cost associated with it, not only in money but in reputation as well, this course will give participants guidance and understanding of regulations both in the Gulf, and internationally, to ensure organizations stay ahead in protecting their assets.

Course Methodology

This course is fully interactive and participation is encouraged to achieve maximum benefit. Participants are invited to present their own cases and scenarios, where questions can be answered and doubts can be resolved. There will also be team activities, case studies and practical examples for discussion.

Course Objectives

By the end of the course, participants will be able to:
  • 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

Target Audience

This course is suitable for senior managers with responsibility for, or involvement in, the development or implementation of Anti-Money Laundering policies and procedures. It will also highly benefit financial officers, financial controllers, accountants, Money Laundering reporting officers, compliance officers, managers, auditors and staff with duties requiring Anti-Money Laundering compliance.

Target Competencies

Understanding the Anti-Money Laundering Cycle
Identifying Money Laundering Methods
Anti-Money Laundering Laws and Regulations
Fraud Detection and Prevention
Analyzing Financial Records
Proving Income and Funds
Course Outline
Principles of Money Laundering
What Money Laundering is and its importance
Stages of the Money Laundering process
The Money Laundering cycle
Sources of & dirty money
Know your customers
Hidden assets
Common vehicles used to hide assets
Asset hiding versus Money Laundering
International development of law and regulation
The role of the Financial Action Task Force (FATF)
European directives
U.S. Patriot Act
United Nations Resolutions
The Wolfsberg Principles
Foreign Account Tax Compliance Act (FATCA)
Money Laundering schemes
Nominee scheme
Business front scheme
Banking scheme
Banking-business combination
Smurf and structured transactions
Shell companies
Loan-back schemes
Invoice scams
Examples of money laundering schemes
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
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

United Kingdom

63-66 Hatton Garden
Hatton Garden
07:30 – 19:00
Monday to Friday


Waarderweg 50-D
Haarlem , 2031BP
08:30 – 19:00
Monday to Friday


Gldani district, Mukhiani, M/R
Building 7, Apt. N22
+995 706 070161
07:30 – 19:00
Monday to Friday