Financial Crime World

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Eritrea to Enhance Anti-Money Laundering Training Programs

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The Government of Eritrea has announced plans to strengthen its Anti-Money Laundering (AML) training programs, aiming to bolster the fight against money laundering and terrorist financing.

Intensive AML Training for Financial Sector Staff

In a move to enhance the skills of its financial sector workforce, Eritrea is introducing intensive AML training programs designed by Oxford Management Centre. The training program will provide delegates with a comprehensive understanding of Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF).

Training Objectives

The five-day training course has the following objectives:

  • Understanding Money Laundering, Terrorist Financing, and Sanctions: Participants will gain knowledge on money laundering, terrorist financing, and sanctions.
  • Identifying Vulnerable Products and Services: Delegates will learn to identify products and services that are vulnerable to money laundering or terrorism financing.
  • Recognizing Suspicious Transactions: Participants will understand how to recognize suspicious transactions and report them internally and externally.
  • Designing Effective Monitoring Procedures: Delegates will design effective monitoring procedures to prevent money laundering.

AML/CTF Training Program

The training program covers a range of topics, including:

  • International Organizations of Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF): Participants will learn about international organizations and their role in anti-money laundering and countering terrorist financing.
  • Compliance Strategies: Delegates will gain knowledge on compliance strategies to prevent money laundering.
  • Recognizing and Reporting Suspicious Transactions: Participants will understand how to recognize and report suspicious transactions.
  • Money Laundering Detection Techniques: Delegates will learn various techniques for detecting money laundering.

Accomplishments

Upon completion of the training program, participants will receive a certificate from Oxford Management Centre. The training program has been accredited by [accreditation body].

In Association with

The AML/CTF training program is in association with [partner organization].