Financial Crime World

ERITREA TIGHTENS FINANCIAL CRIME AWARENESS WITH TRAINING PROGRAMMES

Enhancing Awareness and Capabilities Against Money Laundering and Financial Crimes

As part of its efforts to combat financial crime, Eritrea has launched a series of training programmes aimed at enhancing awareness and capabilities among stakeholders in the fight against money laundering and financial crimes. The Anti-Money Laundering and Financial Crime Workshop, delivered by GLOMACS, a leading global management training company, will focus on current and evolving threats to the global financial community.

Key Focus Areas

  • Case Studies and Group Interaction: Examining enhanced due diligence matters, trade-based money laundering, proliferation finance and methodologies, money laundering methods, and sanctions/CFT cases and theory.
  • Money Laundering Techniques and Methods: Understanding various techniques used by criminal entities to launder money and stay ahead of the curve.
  • Money Laundering Investigations: Developing skills to detect and investigate money laundering activities effectively.

Benefits for Participants

  • Increased Confidence in Identifying Money Laundering Methods: Through a series of exercises, scenarios, question-and-answer sessions, and dynamic delivery of compelling cases, participants will develop more confidence in their ability to recognize money laundering and other financial crime methods.
  • Familiarity with Global AML, Sanctions, and Financial Crime Regimes: Participants will become more familiar with global anti-money laundering, sanctions, and financial crime regimes, enabling them to navigate complex regulatory environments effectively.

Creating a Hostile Environment for Criminals

The training programme is a crucial step in creating a hostile environment for criminals to operate through more diligent examination of intelligence and data. With Eritrea’s efforts to combat financial crime gaining momentum, stakeholders are expected to play a critical role in the fight against money laundering and financial crimes.

Target Audience

  • Experienced analysts
  • Compliance professionals
  • AML investigators
  • KYC/CDD/EDD onboarding and investigations teams
  • Fraud and financial crime professionals
  • Public and private sector stakeholders

By enhancing awareness and capabilities among stakeholders, Eritrea aims to create a more effective and efficient fight against money laundering and financial crimes. The Anti-Money Laundering and Financial Crime Workshop is an essential step in achieving this goal, and participants are expected to play a critical role in the country’s efforts to combat financial crime.