AML Training

AML Training in Saudi

Employees must obtain adequate AML training to understand their responsibilities and obligations under AML compliance programmes. AML-trained employees can better spot suspicious transactions, conduct client identification, identify industry-specific risks, and comprehend the consequences of applicable rules and regulations.

Every country has anti-money laundering, counter-terrorist financing, and international standards rules and legislation. New risk channels that lead to money laundering and terrorist financing activities necessitate continual updates and adjustments of current laws and regulations. As a result, businesses design their anti-money laundering and counter-terrorist financing programmes to adhere to the requirements at all times.

Organizations must implement AML/CTF training programmes that are assessed periodically for adequacy, according to Article ten of Saudi Arabia’s Anti-Money Laundering Law of 2003.

Quality. Timeliness. Empowerment

Engage us to help your organization build the best anti-money laundering and counter-terrorist financing policies and procedures.

About AML KSA

AML KSA is a well-known provider of anti-money laundering (AML) compliance consulting services, as well as AML/CFT training for your employees. Because each vertical has different requirements and risk exposure changes depending on the business activity, we provide customised training based on your company’s operations.

Our tailored anti-money laundering and counter-terrorist financing training programme for your workforce prepare your company to meet AML compliance standards, protecting you against money laundering and terrorism financing.

If you’re a bank, financial institution, insurance business, real estate firm, precious metals and stone dealer, lawyer, non-profit organisation, or any other non-financial enterprise, we’ve got you covered for AML compliances. We provide in-house compliance training for your AML department or related activities to keep you up to date on the latest legislation, new corporate AML compliance needs, and worldwide best practices. Our skilled lawmakers, compliance professionals, and AML specialists can give businesses in Saudi Arabia AML/CFT specialised training.

About AML KSA Training

AML Training services

Our comprehensive corporate training solutions are customised to meet your unique AML training requirements, ensuring that your firm is AML compliant, efficient, and safe against financial crimes. Let’s continue the conversation by setting up a meeting as soon as possible.

Employees with AML-specific job and risk management abilities must meet the corresponding obligations once the AML compliance department is in place. Risk profiling skills, in particular, are critical for businesses to identify and mitigate the risks they face quickly. The following areas are covered by AML training:

KYC Due Diligence

We provide in-depth KYC Due Diligence training to help you understand what information has to be collected and handled to keep your data safe and secure.

Screening

Screening is an essential component of any anti-money laundering/counter-terrorist financing strategy. Employees are trained to check the UNSC Sanctions List before working.

Risk Profiling

Employees are given intensive risk profiling training to recognise enterprise risk, customer or business relationship-specific risk, geographic risk, product, service, transaction-related risk, channel-related risk, and other AML risk factors. It helps them detect and decrease ML/TF risk using a risk-based methodology.

Enhanced Due Diligence

One of the essential parts of the AML compliance programme is Enhanced Due Diligence. Employees are trained how to do improved due diligence to spot high-risk scenarios.

STR

We provide STR filing training and dos and don'ts to assist staff spot suspicious transactions, clients, vendors, and other business contacts that might put the company in danger of money laundering and terrorism financing.

Keeping accurate records

AML data must be kept for a period of ten years by each organisation. The documents might be preserved in a document management system or manually. Employees are trained on this critical issue to maintain records as per AML rules and regulations.

Understanding of AML

We provide AML awareness training to its employees to educate them about AML and CFT laws, rules, regulations, norms, guidelines, notifications, and circulars, and the consequences of each on their business. They are also taught how to consider the policies that must be implemented to prevent money laundering and terrorist financing.

Anti-money laundering and counter-terrorist financing best practises

We educate clients on the most effective anti-money laundering and counter-terrorist financing compliance approaches companies to use throughout the world, which they can include in their AML/CFT strategy and action plans.

Anti-Money Laundering Legislation

Our anti-money laundering compliance training focuses on preparing employees to create and manage AML compliance policies and processes, a code of conduct, risk management frameworks, anti-bribery and corruption methods, business continuity strategies, compliance audits, and due diligence methods.

Timely. Relevant. Innovative.

AML training that is rational and comprehensive is just a phone call away for your company.

Why are we here?

Knowledge. Expertise. Teamwork.

Do you want to reduce the risk of money laundering and terrorist financing? Please take a look at our business AML training options.

FAQs About AML Training in KSA

Why is it necessary to equip staff with AML compliance training?

An efficient AML/CFT compliance programme is built on training. Anti-money laundering training tailored to your company’s unique operations may go a long way toward guaranteeing complete AML compliance.

Employees are a company’s first defence line against criminals interested in money laundering and terrorism funding. Employees may reduce risks by remaining current on legislative changes and using best practices in their day-to-day interactions with consumers.

What does anti-money laundering (AML) training aim to achieve?

AML-trained employees are better able to spot red flags and questionable transactions. It reminds them of their legal responsibilities to detect and report illegal behaviour.