AML Training Resources in Namibia: A Must for Accountable and Reporting Institutions
In today’s financial landscape, detecting and preventing money laundering has never been more crucial. In response, a comprehensive training course has been designed specifically for employees at Accountable and Reporting Institutions, such as long and short-term insurance businesses, to equip them with the knowledge and skills needed to comply with anti-money laundering regulations.
Why AML Training is Mandatory
According to the Financial Intelligence Act of 2012, all employees at Accountable and Reporting Institutions must undergo Anti-Money Laundering, Combating of Terrorist Financing and Sanctions compliance training on an annual basis. This requirement is non-negotiable, and failure to comply can result in severe penalties.
What You’ll Learn
The AML training course covers a range of essential topics, including:
- The difference between Accountable and Reporting Institutions
- The concept and stages of money laundering
- Terrorist financing
- Applicable legislation and regulatory requirements
- Customer due diligence and sanctions compliance
- Risk clients, including Politically Exposed Persons
- How to perform risk assessments
- Reporting requirements
- Vulnerabilities in insurance businesses
- Record keeping
Training Details
The training course is being offered on July 16th from 13h30 to 17h00. The virtual session will take place in the comfort of your own home or office.
Cost and Package Deal
The cost for this comprehensive training course is N$2,500 per delegate, which includes all materials and refreshments. A special package deal is also available for companies, where registering three delegates will result in the fourth delegate attending free of charge.
Don’t Miss Out!
Register by July 9th to secure your spot. Click here to register now: [insert registration link].