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Anti-Money Laundering and Combating the Financing of Terrorism


The aim of this awareness program is to introduce participants to the definition and concept of anti-money laundering (AML) and combating financing of terrorism (CFT), the various stages of Money Laundering, and the legal and regulatory requirements and initiatives by the international, regional and local communities against ML/FT. Special emphasis will be placed on the Financial Action Task Force (FATF) forty plus special nine (40+9) recommendations, which are the principal sources of AML legislation as well as ML preventive measures unveiled.


Content Highlights

Introduction on money laundering and terrorist financing
The legal, regulatory and operational framework relating to AML/CFT policies
The consequences, trends and stages involved in Money Laundering process
Requirements for Know Your Customer (KYC) measures and controls
Identification of high risk relationships / accounts and the requirements for Enhanced Due Diligence (EDD)
Politically Exposed Persons (PEPs)
Charitable Organizations and Correspondence Banking relationships
The techniques to identify and handle suspicious transactions and how to make suspicious transactions reports (STRs)
Preventive measures for the protection of businesses and the general economy against the menaces of ML
The Central Bank Regulations on AML/CFT requirements
Red Flags and indicators


Upon completion of this course, the participants will be able to understand:

The importance of ensuring thorough client profiling
The important KYC documents that must be readily available in all client files
When and how to update client profiles
How to approach clients when updating KYC or inquiring on unusual transactions without being offensive
Detecting high risk customers and transactions
Reporting suspicious transactions to the MLRO and regulatory authorities
Consequences for non-compliance

Course Facts

3 days; 18 hours



“As a certified Investor in People organization, we strive to continuously provide our employees with unique learning and development solutions and pportunities.  In our partnership with SKILLS , they were able to deliver custom made learning sessions and workshops that have challenged and inspired our employees“

Shaikh Faisal Bin A. Rahman Al Khalifa
Director of Quality Systems & Internal Audit
Court of the Crown Prince, Kingdom of Bahrain


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