Overview

All Legal Consultants and Advocates covered by the Ministry of Justice Money Laundering regulations must provide relevant staff with the tools and resources to combat money laundering and terrorist financing. Training in the anti-money laundering procedures is a fundamental part of this process. This course provides staff with an understanding...

All Legal Consultants and Advocates covered by the Ministry of Justice Money Laundering regulations must provide relevant staff with the tools and resources to combat money laundering and terrorist financing.

Training in the anti-money laundering procedures is a fundamental part of this process. This course provides staff with an understanding of the requirements under the law to meet federal and local requirements.

In addition this course has been accredited by The Government of Dubai Legal Affairs Department and counts for 2 CLPD points.  

  • The UAE Money Laundering regulations
  • The Federal role underpinning the regulation
  • Definition of Money Laundering and estimates of money laundered
  • The relevant legislation and laws
  • Know Your Client: the main principles
  • Exemptions from KYC
  • The role of the Financial Action Task Force
  • The risk based approach
  • Verifying identification: Individuals and Companies
  • Politically Exposed Persons
  • Suspicious Activity Reporting
  • The role of the Compliance Officer
  • Offences and penalties
  • Awareness and Training
  • Record keeping
After attending this session, attendees will be able to:
  • Describe Money Laundering and the extent of the problem
  • Demonstrate their understanding of the responsibilities on the firm and them personally
  • Carry out the risk based "Know Your Client" procedure