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Anti-Money Laundering Training for Central Bank Regulated Firms
- The Central Bank of the UAE Money Laundering and Terrorist Financing Regulations
- Definition of Money Laundering and estimates of money laundered
- The applicable legislation and laws
- The Central Bank of the UAE’s Anti-Money Laundering and Counter Terrorism Financing Rules
- Know Your Client (KYC): the main principles
- Exemptions from KYC
- The role of the Financial Action Task Force(FATF) and MENAFATF
- The risk based approach
- Verifying identification: Individuals and Companies
- Politically Exposed Persons
- Suspicious Activity Reporting
- The role of the AML Officer
- Offences and penalties
- Awareness and training
- Record keeping
