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Program Type
Insurance
Training Category
Compliance and Anti-Financial Crimes
Program Duration
1 days
Language
Arabic
About Program
Money Laundering schemes is a global phenomenon that ruins economies of entire countries from one aspect, as well as being a main source of financing terrorism. Therefore, most countries have worked together to formulate certain rules and guidelines to fight it, and the insurance industry is not safe from money laundering and is one of the industries exposed and used for money laundering and terrorism funding. This program is designed to provide candidates working in the insurance sector with a proper understanding of Anti-Money Laundering & Financing Terrorism, how to detect it, the different forms of fraud in insurance & the various strategies for combating it. Also, candidates will be exposed to the main international organizations that work in this area beside the Saudi Central Bank regulations that must be complied with.
Program Goals
Understand the nature of Money Laundering & Terrorism finance that faces the insurance industry as an act of due diligence.
Getting to know the main Money Laundering & Terrorism finance indicators in the financial sectors as well as the non-financial sector to ensure reporting of all suspicious activities and continuous monitoring.
Applying the various methods/processes of detecting Money laundering and terrorism finance and managing their risk in Insurance, to ensure best protocols are followed and reporting of any suspicious activities and continuous monitoring, with docum
Comprehend the laws, guidelines and regulations specific to Money Laundering & Terrorism finance to ensure full compliance and implementation.
Join us for an unforgettable journey of exceptional learning
Program Agenda
In Class Training-Online Training
The meaning of money laundering
The process of money laundering
The participated
The risks to which financial institutions are exposed as a result of non-compliance with anti-money laundering
Various methods of detecting Money laundering in Insurance
Indications of possible money laundering transactions
In Class Training-Online Training
The International organizations in combating money laundering
The regulatory framework for money laundering
The role of the Insurance Regulator in combating money laundering
Corporate Governance
The role of Know Your Customer (KYC) policy in Combating Money Laundering and Terrorist Financing
Trainers
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Application Process: Your Journey Starts Here
The admissions team will carefully review all elements of your application. The selection process will take up to eight weeks from the date of submission of a completed application.
Step 1
Online application and video interview
Step 2
Pre-selection and decision
Step 3
Interview with acceptance
Step 4
Admission Committee
Step 5
Final decision
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