Anti Money Laundering Counter Measure Techniques

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
Apply the GCC and international law and regulations on Anti-Money Laundering
Analyze financial records and identify possible leads
Apply methods to prove income or funds from unknown sources

Course Content

Module 1: Introduction to Money Laundering

Definition and objectives of money laundering
The 3 stages: Placement, Layering, Integration
Case studies of major money laundering schemes

Module 2: Legal & Regulatory Framework

Overview of global AML laws and regulations
FATF Recommendations
Local jurisdiction-specific laws (e.g., USA PATRIOT Act, EU AML Directives, etc.)
Role of regulatory bodies (FATF, FinCEN, EBA, etc.)

Module 3: Know Your Customer (KYC) & Customer Due Diligence (CDD)

KYC process and lifecycle
Risk-based customer classification
Enhanced Due Diligence (EDD) for high-risk clients
Ultimate Beneficial Ownership (UBO) identification

Module 4: Identifying Suspicious Activities

Transaction monitoring techniques
Recognizing red flags in various industries
Use of typologies and behavioral analysis
Reporting obligations: SARs/STRs

Module 5: AML Risk Assessment & Mitigation

AML risk rating models
Country and customer risk factors
Product/service and transaction risks
Designing effective AML risk control measures

Module 6: AML Countermeasures and Techniques

Automated transaction monitoring systems
Use of AI/ML in AML detection
Name screening and sanctions filtering
Use of blockchain analytics and forensic tools

Module 7: Internal Controls and AML Governance

AML policies and procedure development
Role of AML Compliance Officer
Internal audits and independent reviews
Training and awareness programs

Module 8: Terrorist Financing & Sanctions Compliance

Distinguishing TF from money laundering
Sources and methods of terrorist financing
Sanctions regimes (OFAC, UN, EU)
Sanctions screening tools and best practices

Module 9: Investigations and Reporting

Investigative techniques and use of evidence
Preparing and filing Suspicious Activity Reports (SARs)
Law enforcement collaboration
Case handling and escalation protocols

Module 10: Global Trends and Future of AML

Evolving regulatory landscape
Crypto-assets and DeFi challenges
Cross-border AML efforts and collaboration
Emerging technologies in AML (RegTech)

Final Assessment

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.

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Flexible Class Options

Week End Classes For Professionals SAT | SUN
Online Classes – Live Virtual Class (L.V.C), Online Training

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