Anti-Money Laundering and Counter-Terrorism Financing Program for Employees

Description

مكافحة غسل الأموال وتمويل الإرهاب لغير مسئولى شركات التأجير copy.jpg

This Anti-Money Laundering and Counter-Terrorism Financing Program for Employees (AML/CTF) training program is designed to equip participants with substantive knowledge regarding money laundering and terrorism financing processes, the associated risks, and the relevant regulatory frameworks. The program further introduces trainees to the international bodies responsible for combating money laundering and terrorism financing, with emphasis on procedures followed by non-bank financial institutions in identifying and responding to suspicious activities.

Key objectives of the anti-money laundering and counter-terrorism financing program for employees

To ensure participants gain a comprehensive understanding of the fundamental concepts underlying money laundering and terrorism financing.
To familiarize participants with the Egyptian AML/CTF regulatory framework and the roles played by different authorities in combating financial crime.
To clarify the compliance officer’s role in AML/CTF within financial institutions.
To explain procedures for conducting Customer Identification and Verification (Know-Your-Customer / KYC) processes.

Target Audience

This program was specifically designed to target employees in non-banking financial institutions whose work is related to combating money laundering and terrorist financing.

Key Program Modules

The training covers an extensive set of theoretical and practical topics, organized into four (4) parts:

Part 1

What is Money Laundering?
Elements of the Crime of Money Laundering.
Methods for Determining the Predicate Offense of Money Laundering.
Stages of the Money Laundering Process.
Attempted Money Laundering.
Negative Effects of Money Laundering.
Objectives of Combating Money Laundering.
Risks of Money Laundering to Financial Institutions: Reputational Risks – Legal Risks – Operational Risks

Part 2

Terrorist Financing
Sources of Terrorist Financing
The Difference Between Money Laundering and Terrorist Financing
Similarities Between Money Laundering and Terrorist Financing
The Financial Action Task Force (FATF)
The Egmont Group
Exercises on Parts One and Two

Part 3

Foreign Currency Disclosure
Customer Due Diligence
Anti-Money Laundering and Counter-Terrorist Financing Officer
Beneficiary Owner
Training

Part 4

Anti-Money Laundering and Counter-Terrorist Financing Unit
Suspicious Transaction Reports
Guidance Indicators for Transactions and Activities Suspected of Involving Money Laundering
Tipping-Off Disclosure
Examples and Case Studies