BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:386@x8ti.com DTSTART;TZID=Asia/Bahrain:20260706T090000 DTEND;TZID=Asia/Bahrain:20260710T130000 DTSTAMP:20260209T211709Z URL:https://x8ti.com/event/anti-money-laundering-aml-compliance-level-i-ba sics-2/ SUMMARY:Anti Money Laundering (AML) Compliance – Level I (Basics) DESCRIPTION:Course Overview\nMoney Laundering is the process through which criminals convert “dirty” money to appear “clean” i.e. from illici t gotten sources (black money) to legally accessible/taxable (white money) funds. Money launderers attempt via various means\, to conceal or disguis e the identity of such funds that are under regulatory vigilance\; to appe ar to have originated from legitimate sources.\n\nMany times such funds ar e sourced from predicate crimes and are destined to be used in further cri mes\, mainly Terrorism Funding. Financial Institutions (FIs) are mandated by a domestic and international regulatory mechanism to have a multifold c ompliance program in place.\n\nOne of the minimum requirement for that bei ng the training of all the personnel (as mentioned below) as a part of the Compliance Program\, as operationally applicable befitting to their roles and responsibilities.\n\nGiven the corporate compliance risk-based approa ch\, the compliance department is accountable to oversee the functions ope rating in compliance adherence\; and for which periodic training that is r elevant\, appropriate\, updated and recommended.\n\nCompliance team must i nclude recent changes to regulatory requirements as well as the internal h otline\, formats\, policies &\; procedures to flag and counter the thre ats as per the overall risk profile of the bank.\n\nEmployees at all level s should understand these adherences to avoid ramifications that may be re sults of noncompliance\, and the risks posed to the bank in terms of legal suits\, govt. sanctions and resulting reputation loss.\n\nFIs are mandate d to keep a record of such training programs and have it well documented\, with details including training curriculum (for relevance)\, attendances &\; dates\, a number of periodic sessions\, understating &\; profici ency of trained staff via testing (maintaining training scores) etc.\, for external audit or govt. audit.\n\nAs historically observed\, compliance c ulture creation is one of the best outcomes of this training program\, wit h which the organization Body’s ‘Tone from the Top’ and reflects the organization-wide commitment for compliance adherence.\n\nThis Xcelerate training course will empower your organization with knowledge and understa nding needed to tackle this regulatory mandate and demonstrate organizatio n-wide compliance readiness for regulatory authorities.\nCourse Objectives \nUpon completing this ‘Anti Money Laundering (AML) Compliance Certifica tion Course – Level I (Basics)’ successfully\, participants will be ab le to:\n\n Describe the factors that drive the need for anti-money launde ring measures in financial institutions\n Understand domestic and intern ational mechanism set for detecting and countering money laundering and re lated predicate crimes\n Understand Anti-Money Laundering regulations as prescribed by the local regulatory organizations in compliance with intern ational financial compliance governance and related organizations\n Align the organization’s compliance goals with day-to-day operations and prom ote vigilance\n Promote a culture of compliance to help detect and report suspicious activity\n Interpret the basic level of regulatory compliance circulars and Govt. Compliance notices\n Review policies\, technology\, resources and other compliance supporting mechanism internally and impleme nt them to avoid regulatory penalties\n Develop AML/KYC risk management s trategies for building and implementing an effective compliance program\n Develop a supportive mechanism for an organization’s response to Law E nforcement\, Legal and International Operations readiness i.e. Regulatory requests/demands w.r.t. Foreign branches or Correspondent services or fore ign client jurisdictions.\n\nTraining Methodology\nThis is an interactive training program and will consist of the following training approaches:\n\ n Lectures\n Webinars/Seminars &\; Presentations\n Group Discussions \n Bod &\; Sr. Mgmt. Consulting sessions\n AML KYC Policy Documentati on Analysis\n Compliance Team Focus Group Discussions\n Case Studies &am p\; Functional Exercises\n\nOrganizational Benefits\nCompanies who send in their employees to participate in this course can benefit in the followin g ways:\n\n Team member ready to adapt compliance culture and pertaining to operational formalities and requisites\n Understands the organization ’s overall efforts for compliance implementation and consequences of non -adherence. Customize an all-inclusive legal\, licensing\, and compliance program with features best suited to address your organization’s needs\n Produce a detailed and explained legal\, licensing\, and compliance prof ile for your organization\n Save on legal expenses due to legal\, licensi ng\, and compliance violations\n Ensure that your company is running with the most streamlined processes in legal\, licensing\, and compliance man agement\n Employ and engage the right people to ensure that legal\, licen sing\, and compliance policies are implemented properly\n\nPersonal Benefi ts\nProfessionals who participate in this course can benefit in the follow ing ways:\n\n Anti-money Laundering is a growing compliance field for the financial sector and related segments. The aspirants taking this training can contemplate career advancements in this direction. This also helps th e organization to groom internally trained resources to take on further re sponsibilities\n Employee accountability is of prime importance towards a ny compliance adherence\, this training will help individuals not only to deepen regulatory knowledge but also to gain expertise and investigate fur ther advancements pertaining it\n Employee compliance adherence is tied t o their performance and career advancements\, this training gives an equal chance for all employees to gain the requisite compliance KRA\n Learn to strategies corporate risk mitigation against organizational AML risks\n Be a team player in preventing your organization from the probable issues and penalties faced due to lack of compliance and AML vigilance\n\nWho Sh ould Attend?\nThis course offers comprehensive knowledge in AML/KYC regula tions\, compliance\, assessment and management. The following individuals or groups will benefit from it:\n\n Board of Directors\n Senior Manageme nt of all functions\n Compliance personnel\n The front office staff(Cus tomer-facing employees)\n Back Office staff (eg. Treasury\, accounts\, re venue &\; audit\, vault ops. etc.)\n Legal team / retained-external co unsel\n Private Banking / Wealth Management operations\n Securities ope rations and facilitators\n Loan (personal &\; commercial)\n Insurance advisors\n HNI operations\n Human Resource dept.\n Marketing dept.\n Customer relationship team\n Vendors/Suppliers/Agents – Any Third party banking facilitators\n New joined / Orienteer in the organization\n\nCou rse Outline\nMethods &\; Mechanism Basic Overview\n\n What Is Money La undering?\n Banks and Other Depository Institutions\n Credit Unions and Building Societies\n Nonbank Financial Institutions\n Nonfinancial Busin esses and Professions\n International Trade Activity\n Risk Associated w ith New Customers\n Corporate Vehicles Used to Facilitate Illicit Finance \n\nFunding of Terrorism\n\n Terrorist Financing\n Differences from AML\ n Ways of Operating\n Funding/Moving of Funds\n Vigilance &\; Polici es\n\nInternational Counter ML Mechanism\n\n Financial Action Task Force (FATF)\n The Basel Committee on Banking Supervision\n FATF-Style Regiona l Bodies (FSRBs)\n Organization of American States\n Key U.S. Legislativ e and Regulatory Initiatives Applied to Transactions Internationally\n Ke y International Initiatives\n\nCompliance Program\n\n Assessing AML/CFT R isk\n AML/CFT Program\n AML/CFT Training\n Establishing a Culture of Co mpliance\n\nKnow Your…. Policies\n\n Know Your Customer\n Know Your Em ployee\n Know Your Vendor/Supplier\n\nInternal Compliance Adherence\n\n Economic Sanctions\n Sanctions List Screening\n Politically Exposed Pers ons Screening\n Transactions Monitoring\n\nRed Flagging/Authority Alerts\ n\n Suspicious or Unusual Transaction Monitoring and Reporting\n STR Dec ision-Making Process\n\nCo-operating with Law Enforcement\n\n Investigati ons Initiated by the Financial Institution\n Responding to a Law Enforcem ent Investigation\n Investigations Initiated by the Law Enforcement\n\nAd vance Engagements\n\n Responding to MLAT for AML/CFT Cooperation Between Countries\n International Inter-Intra Organizational Co-operation &\; Procedures\n\nCorporate Outlook\n\n Obtain Counsel for an Investigation A gainst a Financial Institution\n Responding to MLAT for AML/CFT Cooperati on Between Countries\n Organization Reputation Management\n Media Relati ons &\; Correspondence\n\n \; ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2024/09/Scre enshot_20240917-143606_Chrome.jpg CATEGORIES:Audit, Compliance and Governance LOCATION:Manama Training Courses\, Wyndham Grand Manama Hotel\, Manama\, Ba hrain\, Bahrain X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Wyndham Grand Manama Hotel\ , Manama\, Bahrain\, Bahrain;X-APPLE-RADIUS=100;X-TITLE=Manama Training Co urses:geo:0,0 END:VEVENT BEGIN:VTIMEZONE TZID:Asia/Bahrain X-LIC-LOCATION:Asia/Bahrain BEGIN:STANDARD DTSTART:20250706T090000 TZOFFSETFROM:+0300 TZOFFSETTO:+0300 TZNAME:+03 END:STANDARD END:VTIMEZONE END:VCALENDAR