Financial Crime World

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Financial Crime Prevention Measures in Kuwait Take Center Stage at Union of Investment Companies Training Program

The Union of Investment Companies (UIC) is set to host a comprehensive training program on Financial Crime Prevention, tailored specifically for licensed persons operating in the Kuwaiti market. The program aims to equip participants with the knowledge and skills necessary to identify, prevent, and mitigate financial crimes.

Training Program Overview

According to the UIC, the training program will cover a wide range of topics, including:

  • Key financial crimes relevant to Kuwaiti licensed persons, such as:
    • Money laundering
    • Fraud
    • Market manipulation
    • Insider trading
    • Financial cyber crimes
  • Know Your Customer (KYC) requirements and Client Identification methodologies
  • Risk Assessment methodologies

Instructor Bio

Mohammad A. Safsouf, a renowned expert in Anti-Money Laundering (AML) and Compliance, will serve as the instructor for the training program. With over 15 years of experience in the banking and finance industry, Safsouf has held various leadership positions, including Vice President at Markaz Fund Admin and Corporate Affairs.

Safsouf’s Expertise

  • Anti-Money Laundering (AML) and Compliance
  • Risk management
  • Governance
  • Audit

Certifications:

  • Certified Anti-Money Laundering Specialist (CAMS)
  • Certified Governance, Risk, Compliance, and Audit Professional (GRCP)

Training Program Agenda

The training program will consist of seven lessons, each covering a specific aspect of financial crime prevention. The lessons will include:

Lesson 1: Introduction to Financial Crime Prevention

Lesson 2: Understanding Financial Crimes

Lesson 3: Complying with KYC Requirements

Lesson 4: Risk Assessment Methodologies

Lesson 5: Policies and Procedures for Financial Crime Prevention

Lesson 6: Case Studies and Group Competition

Registration

Registration for the training program is now open, and interested parties can contact the UIC for further information.