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:
- Understand AML/ CFT’s definitions.
- Understand the provisions of Law No. 106 of 2013 on AML/CFT.
- Apply CMA Resolution No. 72/2015 concerning issuance of the Executive bylaw of the Law No. 7/2010, Module 16: AML/CFT.
- Understand the implications and penalties for non-compliance with AML/CFT regulations and regulatory requirements.
- Acquire knowledge about how to act and report when facing suspicious transactions. Get updated on the last AML/ CFT practices.
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.