Past event summary

About the event

Compliance, AML & CFT, Anti-Corruption and Sanctions Regime have always been extremely challenging for the companies in the MENA region.

In the recent years, new international and domestic regulations, laws and best practices have emerged.

DMCC arranged this hands-on training, which provided delegates with an in-depth update in relation to the aforementioned challenges.

In addition, delegates learned how to strengthen their Compliance, AML & CFT and Know Your Client (KYC) practices in order to mitigate the risks related to these matters.

Finally, this 2-day training provided delegates with the necessary guidance to tackle these challenges and received certificates.

Topics Included:

Anti-Money Laundering, and Combating the Financing of Terrorism (AML & CFT (Day 1)

• Definitions
• Stages
• Economic and social effects
• Methodologies
• Vehicles
• Risks
• Suspicious behavior
• How to detect and prevent
• KYC and customer due diligence

How to develop and implement an effective Compliance Program (Day 1)

• Definition, objectives and levels of compliance
• Developing and implementing risk framework
• Developing and implementing policies, procedures, programs and controls
• Understanding best practices and guidelines
• Conducting training
• Role of board of directors and senior management
• Compliance and corporate governance structure
• Roles and responsibilities of compliance function
• Various tools and methods used by compliance function
• Reporting suspicious activities/transactions
• Cooperation, communication and support to others
• Audit the compliance program

Emerging Compliance Topics (Day 2)

• Understanding Anti-Corruption and Anti- Bribery (ABAC)
• Recognizing and responding to fraud threats
• Defensive strategies to deal with Sanctions and Embargoes
• Updating your knowledge about Tax Evasion & FATCA