Anti Money Laundering

Course details

OVERVIEW: A Certified Anti-Money Laundering course spawns the gold standard AML certification recognized worldwide by employers in both private industries and the government. This Anti-Money Laundering course in Dubai is better structured than most available AML courses and exposes participants to the definition and concept of Anti-Money Laundering (AML), Financing Terrorism (FT), and the legal and regulatory requirements and initiatives by international, regional, and local communities against Money Laundering and Terrorist Financing.

CAREER OPPORTUNITIES:

Market Trends: Today, compliance is a field that shows a projected employment growth rate of for Compliance Officers between 2019 and 2029. According to a study of the market, this profession is predicted to open 15,600 jobs for professionals with AML certification. The rise in demand is reflected in Compliance Officers ranking #7 in the Best Business Jobs list.

Salary Trends: Compliance officers play an extremely crucial role in today’s world. As the government and various organizations are stepping up the enforcement of Anti-Money Laundering laws, their positions have grown to be highly in demand. For that reason, they are offered impressive salary packages. Numerous studies show consistently higher income for individuals with AML certification as compared to their non-certified counterparts. Typically, Compliance Officers in Dubai, UAE can earn around AED 17,000 a month.

Demand and Opportunities: The scope for professionals with an ACAMS certification or qualification in AML is significantly better as more and more organizations are relying on AML expertise to protect themselves from financial crimes. Boosted by AML courses in Dubai, the ACAMS certification facilitates an assurance of the necessary competency in related roles, thus making these opportunities easier to avail.

COURSE OUTLINE:

• Types of financial crimes, including money laundering, terrorist financing, fraud, bribery and corruption, tax, and sanctions evasion
• Risks from financial crime, including types of risk and categories of risk
• The concept and practice of “risk-based approach”
• The role of compliance and the three lines of defense
• Risk-based escalation
• Identifying and reporting suspicious activity
• Record keeping
• Offenses and penalties
• Verification of identity: individuals and corporates
• Risk management programs, including KYC, transaction monitoring, name screening, sanctions screening
• Customer due diligence: Know Your Customer (KYC) and Customer Risk Assessment
• Money Laundering and Terrorist Financing defined: the nature and scale of the problem
• The stages of Money Laundering and CTF and where financial services firms could be vulnerable
• FATF initiatives and UN Sanctions
• The functions of the Money Laundering Reporting Officer (MLRO)
• The risks associated with Politically Exposed Persons (PEPs) and Higher Risk Jurisdictions
• Ongoing transaction monitoring and Customer Due Diligence (CDD)

KEY TAKEAWAYS:

After completing this Anti-Money Laundering course, participants will be able to:

• Gain the knowledge to define and differentiate between the types of financial crime risks
• Describe the risk-based approach and its associated components
• Assess risk and report cases of money laundering
• Manage regulatory expectations proactively
• Learn how to identify the required risk management programs
• Learn best practices for record-keeping and risk management

ACCREDITATION:

Our Anti-Money Laundering (AML) course is accredited by ISO 9001:2015 and the Knowledge and Human Development Authority (KHDA).

ALUMNI: Our academy graduates of the Anti-Money Laundering course are successfully placed in some of the top-notch companies in Dubai like Jumeirah, Aramex, Airarabia, Damac, Emaar, etc. They are entrepreneurs, career changers, and lifelong learners.

WHY LEARNER’S POINT:

Being the leading provider of AML courses in Dubai, we at Learners Point offer the following USPs to you through our Anti-Money Laundering course:

• We look at real-world scenarios organizations face and formulate our AML training on practical requirements
• Apart from theoretical knowledge, our AML training also focuses on practical case studies to give you a reality check and insight into exactly what will be asked of you while delivering in a demanding role
• Our AML training also equips you with hands-on experience by offering assignments related to the actual work environment
• Apart from organizing group sessions, we also offer a guided learning experience to enhance the quality of our AML training program
• We take a discrete approach to career guidance so that one can be successfully placed as a professional

Updated on 20 November, 2024