Anti-Money Laundering Awareness Training for DFSA Regulated Firms

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, UN Sanctions, UAE Federal Laws and DFSA Rules
Specific issues to the region
DFSA requirements applicable to all firms
The functions of the Money Laundering Reporting Officer
The concept and practise of the “risk based approach”
Customer due diligence: Know your customer and customer risk assessment
Verification of identity: individuals and corporates
The risks associated with Politically Exposed Persons and higher risk jurisdictions
Ongoing transaction monitoring and customer due diligence
Identifying and reporting suspicious activity
Record keeping
Offences and penalties under the Federal Law and DFSA Rules