NEVADA | PROFESSIONAL EXPERIENCE

Program Professional Framework

Anti-Money Laundering (AML) Compliance Masterclass

Program Overview

Financial crime supervisors in the Gulf have raised expectations sharply, and compliance teams must show that their AML programmes work in practice, not only on paper. This masterclass covers the FATF Recommendations and the risk-based approach, enterprise-wide risk assessment, customer due diligence and enhanced due diligence for high-risk customers and politically exposed persons, beneficial ownership verification, transaction monitoring and alert investigation, targeted financial sanctions screening, and suspicious transaction reporting to the Financial Intelligence Unit, including the goAML platform used in the UAE. Trade-based money laundering, virtual assets and compliance governance are examined through regional cases.

Learning Outcomes

✓Conduct an enterprise-wide money laundering and terrorist financing risk assessment covering customers, products, channels and geographies.
✓Apply customer due diligence and enhanced due diligence procedures, including beneficial ownership and PEP checks, to sample customer files.
✓Calibrate transaction monitoring scenarios and investigate alerts to a documented conclusion.
✓Screen customers and transactions against targeted financial sanctions lists and resolve potential matches.
✓Draft a high-quality suspicious transaction report with clear grounds for suspicion and supporting evidence.
✓Evaluate the governance, independence and testing of a compliance programme against FATF expectations.

Target Audience

AML and compliance officers in banks, exchange houses and insurers
Money laundering reporting officers (MLROs) and their deputies
KYC analysts and transaction monitoring investigators
Compliance staff in designated non-financial businesses such as real estate and precious metals dealers

Detailed Program Modules

01The AML and CFT Framework

Money laundering and terrorist financing stages and typologies
FATF Recommendations and mutual evaluations
National AML laws and supervisory expectations in the Gulf

02Risk-Based Approach

Enterprise-wide risk assessment methodology
Customer risk rating models
Risk appetite and documented risk acceptance

03Customer Due Diligence

Identification, verification and beneficial ownership
Enhanced due diligence for high-risk customers and PEPs
Ongoing monitoring and periodic file reviews

04Transaction Monitoring and Investigations

Designing and tuning monitoring scenarios
Alert triage and investigation techniques
Trade-based money laundering red flags

05Sanctions and Reporting

Targeted financial sanctions and screening controls
Suspicious transaction reporting to the FIU and the goAML platform
Tipping-off, record keeping and information requests

06Governance and Programme Assurance

Roles of the board, senior management and MLRO
Independent testing and regulatory inspection readiness
Emerging risks: virtual assets and digital payments

Training Methodology

Interactive expert-led sessions grounded in workplace examples

Case studies and practical exercises drawn from the region

Group workshops with peer review of decisions and deliverables

Formative feedback against clear performance criteria

Applied Project & Assessment

Applied Project

Participants complete an AML programme review for a real or case-study Gulf financial institution: an enterprise-wide risk assessment summary, enhanced due diligence on two high-risk customer files, an alert investigation leading to a draft suspicious transaction report, and a prioritised remediation plan.

Assessment

Short diagnostic at the start, practical tasks linked to each learning outcome, and evaluation of the applied project against published criteria.