Key Details

Duration: 2 Hours
Delivery: Inhouse

Overview

All of our training courses are now available via live video tutorial - perfect for remote working. All Legal Consultants and Advocates covered by the Ministry of Justice Money Laundering regulations must provide relevant staff with the tools and resources needed to combat Money Laundering and Terrorist Financing.Training in the...

All of our training courses are now available via live video tutorial - perfect for remote working.

All Legal Consultants and Advocates covered by the Ministry of Justice Money Laundering regulations must provide relevant staff with the tools and resources needed to combat Money Laundering and Terrorist Financing.

Training in the anti-money laundering ("AML") and counter-terrorist procedures is a fundamental part of this process. However in order to apply these procedures effectively it is essential to understand the nature of the criminal threat and the methods and typologies that are used to target legal firms.

This course provides staff with an understanding of the requirements under the law and how to apply these in a risk-based, appropriate way.

  • Understanding the threat of organised crime and the importance of resisting the proceeds of crime
  • The UAE and Federal Money Laundering regulations and laws
  • Definition of Money Laundering and estimates of money laundered
  • Identifying and managing sanctions
  • The risk based approach to anti-money laundering and countering terrorist financing
  • Know Your Client: the main principles for lawyers
  • Managing client risk through simplified, standard or enhanced due diligence
  • Politically Exposed Persons
  • Ultimate Beneficial Owners
  • Suspicious Activity Reporting and case studies
  • The role of the Compliance Officer
  • Offences and penalties
  • The role of senior management
  • The importance of risk based training
  • Record keeping

After attending this course, participants will be able to:

  • Describe the threat of organised crime and its impact on legal firms
  • Describe the relevant legal and regulatory requirements for anti-money laundering ("AML") and countering terrorist financing ("CTF")
  • Apply a high level understanding of the risk of sanctions
  • Demonstrate their understanding of the responsibilities on the firm and them personally
  • Carry out the risk based "Know Your Client" procedure
  • Identify and report suspicious activities