Training Objectives
In light of Law No. (106) of 2013 regarding Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT), the regulators, represented by the Central Bank of Kuwait (CBK) and the Capital Markets Authority (CMA), issued instructions regarding anti-money laundering and combating the financing of terrorism to pursue training programs for existing and new employees and provide them with ongoing training to update their knowledge and develop their skills with respect to AML/CFT.
At the end of the workshop, the participants will:
- Describe the setting process in IFRS and list the currently available standards.
- Explain the most recent updates on existing IFRS and evaluate the effect of newly issued standards on their organization.
- Determine the correct presentation and minimum disclosure for the components of statement of financial position, statement of comprehensive income, statement of owners' equity and statement of cash flows in accordance with IFRS.
- Appraise and properly account for transactions affecting current assets and liabilities, non-current assets and liabilities, revenues and expenses in accordance with IFRS.
- Apply professional judgment in applying IFRS for matters relating to non-recurrent business transactions.
Target Audience
- All job levels specialized in anti-money laundering and combating the financing of terrorism (AML/CFT).
- All job levels specialized in regulatory compliance.
- All job levels specialized in risk management.
Training Methodology
The course will run on a workshop basis, including:
- Live- led sessions by the instructor.
- Slide presentations.
- Practical Application.
- Brainstorming.