Key Details

Duration: 2 Hours

Delivery method: In-house

Overview

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 procedures is a fundamental part of this process. This course provides staff with an...

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 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 course, participants will be able to:

  • Describe Money Laundering & Terrorist Financing and the extent of the problem
  • Demonstrate their understanding of International Standards & Local Rules
  • Demonstrate their understanding of the responsibilities on the firm and them personally
  • Carry out the risk based "Know Your Client" procedure