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Course Details

Combating Financial Crimes - Advanced Level

Accreditation Number: 115397975

2025

Last updated December 2025

Approval

Duration

3 Days

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A program designed to provide participants with the knowledge and skills necessary to understand and commit to combating financial crimes in the financial and banking environment. It also guides participants toward better understanding financial crime prevention and the application of best practices and procedures to combat these crimes.

By the end of this course, participants will be able to:

• Update compliance standards for anti-money laundering (AML), counter-terrorist financing (CTF), anti-bribery and corruption (AB&C), and sanctions.

• Understand, CDD, and EDD standards according to KYC policy.

• Realize the Proper procedures for dealing with politically exposed persons (PEPs).

• Understand to deal with the SCC and high-risk customers.

• Know how to make a manual screening against World Check, including full/partial matching.

• Know how to make a manual screening against C35, including full/partial matching.

• Understand the mechanism of red flags for combating money laundering and terrorist financing - in branch, trade, and through bank functions.

• Realize the investigation and documentation process in combating money laundering.

Course Curriculum

7 Lectures

Module 1 - Performance Metrics for Differentiating High-Risk and Most Dangerous Roles

Most Dangerous Roles - High Risk.
Financial crime risk policies.
Major types of financial crimes.
What is the definition of financial crime? Who commits financial crimes?
What is Financial Crime Risk Management (FCRM)?
The three stages of financial crime risk.
What do legislators look for when examining an institution?

Module 2 - Money Laundering and Terrorism

Pillars of money laundering.
Risks faced by financial institutions for non-compliance with anti-money laundering instructions.
Anti-money laundering.
The five pillars of anti-money laundering compliance.
Mitigating financial crime risks.
What is the difference between AML and CTF?
Definition of the terrorism and financing system in Saudi Arabia.

Module 3 - Anti-Bribery and Corruption Policy for the First Group SAB

Introduction.
Basic standards.
Some bribery and corruption crimes.
Preventive measures against the spread of bribery and corruption.

Module 4 - Sanctions in Money Laundering

What do sanctions in money laundering mean?
What is anti-money laundering or sanctions screening?
AML and anti-bribery and corruption (ABC) efforts focus on different directions.
Global financial crime policy.
Conclusion.

Module 5 - Due Diligence Information

Levels of customer due diligence.
Bank commitments and duties.
Know Your Customer (KYC).
Necessary customer care (CDD).
Anti-money laundering risk management.
High-risk countries in money laundering.
Special Category Customers (SCC).

Module 6 - Listed Lists

What are the lists included in World-Check - types of listed lists.
Global sanctions screening processes - manual screening against C35.
What are red flags in combating money laundering? What is the reason for conducting anti-money laundering checks?
Activities that may be suspicious and indicative of money laundering.
Increase transfers to the bank's correspondent accounts.
Embassy and foreign consulate accounts and foreign missions.
Import and export activities.
Challenges in LC AML monitoring.

Module 7 - Sanctions Screening

OFAC (Office of Foreign Assets Control) sanctions screening.
Some common red flags for violations of the Office of Foreign Assets Control.
The process of investigating the likelihood of money laundering in any operation.
A 360-degree risk assessment model for money laundering investigations.
Key efforts and organizations.
Activities and practical cases.