AML/CFT Rules for Financial Institutions
A professional program designed to help participants understand core anti-money laundering and counter-terrorist financing concepts, risk indicators, reporting expectations, and the role of financial institutions in managing financial crime risk.
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Overview
A professional program designed to help participants understand core anti-money laundering and counter-terrorist financing concepts, risk indicators, reporting expectations, and the role of financial institutions in managing financial crime risk.
Financial institutions operate in an environment where AML/CFT awareness, internal controls, and clear reporting procedures are essential. Employees and professionals working in this field need structured knowledge that helps them identify suspicious activity, understand relevant obligations, and respond appropriately within their institutional roles.
This program introduces participants to the foundations of money laundering and terrorist financing, with practical focus on risk indicators, institutional responsibilities, compliance functions, reporting mechanisms, and relevant regulatory considerations in Saudi Arabia.
Course Outline
Unit 1: Money Laundering
- Definition of money laundering and its connection to financial crime
- The main stages of money laundering: placement, layering, and integration
- Operational, regulatory, and reputational risks linked to money laundering
- Environments and activities commonly exposed to money laundering risk
- Common methods and tools used in money laundering activities
- Legal elements of money laundering offences
- How financial institutions should respond to suspicious cases
- Case studies related to money laundering in Saudi Arabia
- Relevant international AML standards
- Key differences and overlaps between money laundering and terrorist financing
Unit 2: Terrorist Financing
- Definition and key concepts of terrorism and terrorist financing
- Sources and channels of terrorist financing
- Indicators of terrorist financing activity
- Red flags in accounts and financial transactions
- Monitoring accounts and transactions related to charities and nonprofit entities
- Core AML/CFT obligations for financial institutions
- The role of compliance and internal control functions
- Overview of relevant Saudi laws and regulations
What You Will Gain
- A clear understanding of money laundering stages, terrorist financing methods, and related warning signs
- Improved ability to identify higher-risk transactions and account activity
- Practical awareness of the AML/CFT obligations of financial institutions
- Understanding of suspicious transaction reporting mechanisms and the role of compliance teams
- Familiarity with relevant Saudi regulatory and legislative considerations
- A useful knowledge base for professionals developing their AML/CFT capability or supporting their preparation for professional exams such as ®CAMS, without replacing official exam requirements
Who Should Attend
- Employees working in financial institutions, especially in operations, compliance, risk, and control functions
- Compliance officers and internal control teams
- Legal professionals, accountants, and auditors
- Professionals seeking a structured foundation in AML/CFT
- Individuals interested in financial crime prevention and compliance careers
Frequently Asked Questions
Advanced experience is not required. The program is most relevant for professionals working in, or preparing to work in, financial institutions, compliance, legal, audit, or regulatory-related roles.
Yes. The program includes Saudi-related examples, case references, and an overview of relevant laws and regulations, while also connecting them to broader AML/CFT concepts and standards.
The course can support foundational understanding for those preparing for ®CAMS, but it is not presented as an official exam preparation program or a guarantee of exam success.
Yes. The course includes case studies and applied discussions to help participants understand red flags and appropriate responses within financial institutions.
Assessment may include pre- and post-program knowledge checks, group activities, and participant feedback forms at the end of the program.
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