Money Laundering

Course details

Aim of the Program

Provide participants with knowledge and skills necessary to identify the nature of money laundering, and gravity, and its impact on the stability of the financial system and the national economy, and methods of control, and detection according to the laws and regulations of financial and banking institutions and local communities.

Main Topics

- Definition of money laundering, its fundamental, and the resulting following from, and its sources.

- Money laundering methods, traditional and recent theory, and stages it goes through 

- The basic banking principles of AML money laundering and confidentiality provisions

- Sources and ways involving, having property or proceeds

- The mechanism of money laundering and training on practical and how to define

- How to work out the suspected cases

- Legal responsibilities on banking and financial corporations to combat money laundering

- Electronic banks, and combating electronic money laundering 

- International initiative and corporation to combat money laundering / agreements /inquiry's/ investigations/ and disclosed information

- Difficulties and challenges in combating money laundering

- Sama circular regarding suspicious activity indicators

- Saudi law &liability of employees / institutions

- Legislatives and Arab and international laws regarding combating money laundering.