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Anti Money Laundering Refresher

Course Fee:
QAR 2700
Course Name: Anti Money Laundering Refresher
Course Description
This is an awareness program in which participants will be made aware of anti-money laundering (AML) and financing terrorism (FT), the various stages of AML, and the legal and regulatory requirements and initiatives by the QCB against ML/FT.
Participants will also develop skills on conducting customer due diligence and detecting suspicious transactions. Special emphasis will be placed on the financial action task force (FATF) recommendations, forty and the special nine, which are the principal sources of AML legislation as well as ML preventive measures unveiled.
Upon the completion of this course, the participant will :
  • Have an in-depth understanding of what money laundering and financing terrorism is.
  • Know the sequences, trends and stages involved in AML Operations
  • Identify ML/TF techniques and AML/CTF policies, procedures, legislations and penalties for non – compliance.
  • Clearly define AML/CTF control roles and responsibilities
  • Clearly understand the CDD/KYC standards and requirements
  • Acquire knowledge of the preventive measures for the protection of businesses and the general economy against the menaces of ML and TF
  • Be equipped with techniques used to identify suspicious transactions and how to make reports (STR)
  • A complete awareness of the international framework for money laundering and the financing of terrorism.
  • The ability to Identify the role and function of financial intelligence units (FIUs) domestically and internationally.
  • A thorough understanding for the role of financial institutions in the field of AML/CFT.
Target Audience
All employees of the financial and related industry, who have not participated in any related AML/ Compliance Session or staff who need a refresher of the AML topics
Pre-requisite knowledge for the course may be obtained through prior certified learning or experiential learning at the workplace.
Course Structure
Lectures, discussions, video shows, interactions
Course Facts
Duration: 2 days
Program Contents
Module 1: AML Standard Update
  • What is money laundering? 
  • What is financing of terrorism?
  • The history of money laundering. How does money laundering business/activity begin long ago?
  • Three stages of money laundering vis-à-vis placement, layering and integration
  • Video shows demonstrating the various scenarios/ processes of ML
  • Who is the launderer?
  • Who is a terrorist-financier?
  • Why is today’s hype on money laundering when this type of operations existed long time ago?
  • Causes of money Laundering
  • Effects of money Laundering in business
    • How it undermines domestic capital formation
    • Depresses growth and hinders development
    • Sensitivity of employees
Module 2: Prevention of Money Laundering
  • AML & FT measures undertaken by International Organizations
  • Financial Action Task Force (FATF)
  • FATF 40
  •  FATF 9
  • High Risk Countries & Accounts
  • Egmont Group of Financial Intelligence Units
  • AML & FT measures undertaken by Regional Organizations
  • Financial Action Task Force of Middle East & North Africa (MENA FATF)
  • Initiatives taken by National organizations
  • Qatari AML & CFT Legislative and Supervisory frame work
  • Qatari Law No. 4 issued in 2010
  • QCB Regulations issued in 2013
  • Qatari Financial Information Unit (FIU)
Module 3: KYC & Customer Identification Program “CIP”
  • QCB AML & CTF Regulations
  • The 6 Key AML / CFT Principles
  • Know Your Customer (KYC) Norms
  • QCB Regulations on KYC
  • Politically Exposed Persons ”PEP “
  • Non Profit Organizations “NGO “
  • Customers AML Risk Classification
  • Ongoing monitoring of customers’ accounts
Module 4: AML Patterns/Red Flags /Suspicious Transactions/Reporting Suspicious Transaction
  • Risk –Based Approach
  • Red Flags of suspicious activities and Transactions in relation to Money Laundering
  • Red Flags of suspicious activities and Transactions in relation to Financing Terrorism
  • Using internal systems and regulations to follow up irregular and suspected transactions
  • Internal procedures for reporting suspected transactions
Module 5: Case Studies
  • Introducing some of the important practical and real cases of Money Laundering activities through Banking sector, discussing expected scenarios for Money Laundering, providing training for the participants to avoid and detect suspicious money laundering activities, and how to deal with and notify about these cases.

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