Workshop Overview
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 on AML/CFT.
This workshop comes as a refresher to all employees on AML/CFT and in compliance with the instructions of the regulatory bodies in the state of Kuwait.
Key Learning Outcomes
By the end of this interactive workshop, the attendees will be able to:
- Understand AML/ CFT’s definitions.
- Understand the provisos of Law No. 106 of 2013 on AML/CFT.
- Apply CMA Resolution No. 72/2015 concerning the issuance of the Executive Bylaw of the Law No. 7/2010.
- Understand how money launderers and the financiers of terrorism could be exploiting vulnerabilities in their organizations.
- Determine their organization’s AML/CFT obligation.
- Help their organization to manage and mitigate its money laundering and terrorist financing risk.
- Understand the implications and penalties for non-compliance with AML/CFT legislation and regulatory requirements.
- Acquire knowledge about how to act when facing suspicious transactions.
- Understand the process of “Inspection and Supervision” on Financial Institutions’.
- Understand the process of “Inspection and Supervision” on Financial Institutions’ Compliance in regards to AML/CFT.
- 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.
Workshop Details
- Workshop Date: 3 September 2020
- Number of Days: 1 day
- Timing: 9:00 AM- 1:00 PM
- Language of the Workshop and Material: English
- Venue: Hotel Venue or Virtual Training.
- Certificate: Certificate of Completion for delegates who attend and complete the training workshop.
Methods of Delivery
This workshop will combine:
- Presentations with instructor-guided interactive discussions between participants relating to their individual interests.
- Practical exercises,
- Video material case studies.
- Presentations and group discussion in an active and participative way supported by reading and reference materials.
- All participants receive a comprehensive binder containing copies of the presentation slides, handouts, and other workshop material
