Financial Crime World

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Compliance Training for Financial Institutions in Western Sahara

Western Sahara’s financial institutions are set to benefit from a comprehensive Advanced Financial Crime Compliance training course, designed to equip employees with the knowledge and skills needed to effectively identify and combat financial crime.

Course Overview

The 5-day interactive program will delve into the key areas of concern related to money laundering and counter-terrorist financing, providing delegates with real-life case studies and practical exercises to test their understanding. The course is ideal for:

  • Financial institutions
  • Regulators
  • Law enforcement agencies
  • Analytical and tech companies

Course Objectives

By the end of the training, delegates will be able to:

  • Understand key offences related to money laundering, terrorist financing, and financial crime
  • Review and analyze case studies
  • Identify risks to professionals working in AML and financial crime areas
  • Apply current knowledge and experience to exercises
  • Learn and develop new skills and techniques in investigations

Target Audience

The course is designed for a wide range of professionals, including:

  • Financial crime analysts
  • Transaction monitoring professionals
  • AML and financial crime investigation professionals
  • Compliance professionals
  • Financial investigators
  • Fraud investigators

Course Outline

Here’s an overview of the 5-day program:

Day 1: Financial Crime Compliance

  • Financial compliance analysis and assessment
  • Trade-based money laundering
  • Review of compliance case studies
  • Emerging threats in money laundering
  • Financial intelligence exercise and debrief

Days 2-3: Effective Compliance and Due Diligence

  • State-sponsored terrorism
  • Professional money launderers and gateways
  • Cyber threat and insider actors
  • Money value transfer business and MSBs

Day 4: Key Indicators of ML/Financial Crime

  • CFT exercises
  • Proliferation and sanctions breaches
  • Extremism as seen in banking data

Day 5: Conclusion and Debrief

  • Investigating PEPS and high net worth beneficial owners
  • Cyber-crime typologies
  • Establishing true ownership of opaque structures and entities

About GLOMACS

GLOMACS is a registered education provider with the National Association of State Boards of Accountancy (NASBA) and has partnered with Oxford Management Centre to provide the best training services to clients.