Certified Anti Money Laundering Professional (CAMP) is a customized Anti-money laundering training course for audiences in the Middle East and Asian countries. This AML Certification is recognized worldwide for its selection of topics. It identifies the pain areas of doing business in Middle Eastern countries and endeavors to answer them. This is a forward-looking certification program that emphasizes the financial crime risks like Cryptocurrency money laundering. Therefore, in addition to the complex Crypto laundering, it also covers topics on shell companies.
AML Challenges in the Middle East
Though there are different challenges for every market in the Middle East, some of the common challenges observed in the Middle East are outlined here.
There are different reasons why the countries in the Middle East are sanctioned by different organizations across the world. Iran faces US sanctions and as a result, the entities in UAE are also facing selective sanctions. To avoid dealing with the sanctioned entities a lot of expertise is needed in terms of Certified AML professionals.
Money Service Businesses
Most middle eastern economies rely heavily on immigrants from other countries. This labor force uses the money exchanges for remitting funds back home. Sometimes these channels were found to be used for terror funding. MSB Compliances are quite strict in this region of the world.
CAMLI Middle East countries are specifically designed courses considering the flows of illicit funds through the money service businesses. Regtechtimes Academy offers a complimentary printed book developed for AML professionals. This book acts as the reference guide for compliance professionals and discusses various techniques and criminal activities used in money laundering operations. Thus, it throws light on the concepts of drug trafficking and terrorist financing.
Since the CAMP Course length is 5 hours of Video Learning in addition to self-study resources. Though there are 17 different countries in this region the cost of the Certification remains the same for every country. From Egypt to UAE all the aspiring anti-money laundering specialists pay the same fees.
Additionally, another important factor for the compliance officers to choose CAMLI as the preferred certification is that upon registration your laptop becomes your test center.
Hence, We offer Certified Anti-Money Laundering Investigator Certification (CAMLI) in UAE, Bahrain, Kuwait, Qatar, Egypt, Turkey, Saudi Arabia, Yemen, Jordan, etc.
Detailed Course Content
Background of AML
- Definition of AML and KYC and understanding the difference between AML and KYC
Important Global Case Studies
- 1MDB Case study- Laundering by Politically Exposed Person
- FinCEN Files- Why STRs are important
Trade-Based Money Laundering
- What is Missing Trader Fraud and its Impact on Trade-Based Money Laundering
- Understanding gold as a tool for Money Laundering
- Understanding the Techniques of Trade-Based Money Laundering
Politically Exposed Person
- How does PEP work?
- How do deal with the foreign PEPs?
Digital Currency Laundering
Self Study resources are created to give an overview of the known financial transactions in the region. Financial systems in the middle east region were found to have gone in non-compliance with the AML regulations laid down by the Financial Action Task Force. Hence, many bank accounts were found to have received the proceeds of crime to be invested in the real estate projects in the region. to be invested in the real estate projects in the region.
Who needs AML Certification Course?
Moreover, any individual who aspires to work in the core compliance of a Banking company or an Exchange house can opt for CAMI. Therefore, this certification is also for those who wish to shift their career into compliance.
We at Regtechtimes Academy believe in providing quality education in the field of compliance. Our objective of creating a special module for Middle Eastern countries is to provide in-depth compliance education to combat money laundering and terrorist financing. Our certification program helps in the identification of the risk behind technology-supported new-age monetary instruments. Thus, the highlights of our training are as follows:
- Comprehensive video sessions
- Complimentary Self-study resources
- Free updates for the life of the certification
- Extensive support availability
- Revision of Key topics & Question-based revision
- Availability of mock tests and simulated exams
Hence, to know more about the courses please feel free to write to us.