Top 7 videos on AML compliance: Defending against financial crime
In this article, we will explore top X videos which will help you understand various concepts and legal requirements around AML/CFT compliance. Starting with the goAML registration requirements to submitting various regulatory reports, including REAR, FFR, PNMR, SAR, and STR, it will help you develop a sound understanding of the Aml Compliance requirements.
Politically Exposed Person (PEP) and PEP screening requirements in UAE
- Politically Exposed Person (PEP) and PEP Screening under UAE AML Regulations (VIDEO)
This video will help you grasp the essential concepts around:
- Who the politically exposed person is, the Definition of PEP
- Who is covered within the definition of PEP, including the person himself and his associates
- What action you should take once you know someone is a PEP or associated with a PEP
- How to deal with domestic PEPs, foreign PEPs, and heads of international organizations.
- Why PEPs are treated as high-risk customers
- What are the deciding factors to conclude that a PEP carries high-risk
- How to manage ML/TF risks around PEPs
- What are the requirements for carrying out Enhanced Due Diligence (EDD) when working with Politically Exposed Persons
- Ongoing monitoring of transactions with PEPs
Chapters:
- 0:00 PEP Introduction
- 0:25 Who is PEP?
- 0:44 associated PEP
- 0:54 3 categories of PEP
- 1:06 Domestic PEP
- 1:12 Foreign PEP
- 1:18 Head of International Organization
- 1:29 High risk
- 1:38 Factors considered while determining PEP
- 2:11 MLFT Risk with associated PEP
- 2:34 KYC & EDD
- 2:41 Treated as High risk
- 3:15 Regarding PEP
Related Articles
AML implications for Politically Exposed Person (PEP)
A Guide to Sanction and PEP Screening in Customer Onboarding Process
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Politically Exposed Person Screening (Hindi)
Politically Exposed Person Screening (Gujarati)
Politically Exposed Person – PEP Screening Requirements in UAE
Related Infographics
PEP and PEP screening under UAE AML Regulations
AML UAE PEP Screening Guide
Related Laws, Guidelines, Rules, and Regulations
Guidance For Licensed Financial Institutions On The Risks Relating To Politically Exposed Persons
AML Business Risk Assessment (BRA) and how to conduct BRA
- AML Business Risk Assessment (BRA) and how to conduct BRA (VIDEO)
This video will help you understand the key concepts around the AML Business Risk Assessment (BRA). The AML Business Risk Assessment is also known as the Enterpiese-Wide Risk Assessment, Firm-Wide Risk Assessment, Entity-Wide Risk Assessment, or simply, ML/TF Risk Assessment.
- The need for AML Business Risk Assessment (BRA)
- Risk-Based Approach
- Risk appetite
- Risk Factors to consider while performing EWRA
- The concept of gross risk and how to arrive at it
- Evaluation of controls and their effectiveness
- The concept of net risk or residual risk and how to arrive at it
Chapters:
- 0:00 Business risk assessment introduction
- 0:13 Overview of Business risk assessment
- 1:05 Evaluating risk scenario
- 1:51 Likelihood of occurrence and impact on business
- 2:34 Inherent Risk
- 2:57 Risk parameters analysis
- 3:15 Business risk assessment exercise
Related Templates
AML Business Risk Assessment Template for DNFBPs in UAE
Related Articles
The risk-based approach in Anti-Money Laundering Compliance
Risk-Based Approach For Dealers in Precious Metals and Stones (DPMS)
Related Videos
Factors for AML Enterprise Wide Risk Assessment
Related Infographics
An illustrative list of factors for conducting AML Business Risk Assessment
How to conduct AML Business Risk Assessment?
Enterprise Risk Assessment
Related Laws, Guidelines, Rules, and Regulations
CBUAE risk assessment sectoral report on money laundering and TF
Risk indicators for DPMS – Strategic Analysis by UAE FIU
Role of AML Compliance Officer under UAE AML Regulations
- Role of Aml Compliance Officer under UAE AML Regulations (VIDEO)
The ultimate responsibility to comply with UAE AML regulations remains with the top management, but the AML Compliance Officer is responsible for implementing the AML/CFT program in the company, imparting training to the staff, submitting regulatory reports, and overseeing the compliance function. This video will help you understand the role of the AML Compliance Officer in the entity.
- Key responsibilities of the AML Compliance Officer
- AML/CFT program development and its implementation
- Regular updates to the AML/CFT policies and procedures
- AML training program
- Suspicious Transactions Report (STR) and other regulatory reporting
- AML/CFT Record Keeping
Chapters:
- 0:00 Introduction on the role of AML Compliance Officer
- 0:51 AML/CFT Program Management
- 1:43 AML/CFT Training & Development
- 2:25 ML/FT Reporting
- 3:28 Other roles of AML Compliance Officer
Related Articles
AML Compliance Officer: Role and Responsibilities
Role of an AML Compliance Officer in a real estate agent or brokerage firm in UAE
The Vital Role of an AML Compliance Officer in Safeguarding VASPs in the UAE
What skills should an AML compliance officer possess?
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Promoting Compliance Culture: Role of Senior Management towards AML
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Role of AML Compliance Officer in UAE
Elements of AML Compliance Officer’s Report to Senior Management under UAE AML Regulations
Know Your Customer Process under UAE AML Regulations
- Know Your Customer Process under UAE AML Regulations (VIDEO)
This video focuses on the Know Your Customer (KYC) requirements under the UAE AML Regulations. It helps you understand various concepts and requirements around customer identification and customer verification. The video highlights various important aspects of KYC:
- What is Know Your Customer (KYC)
- KYC requirements for individual customers
- KYC requirements for corporates
- Why maintain a standardized KYC form
Chapters:
- 0:00 Introduction
- 0:50 Natural Person Information
- 1:29 Natural Person Documents
- 2:05 Corporate/Legal Entity Information
- 2:57 Corporate/Legal Entity Documents
- 3:41 Other details regarding KYC
Related Templates
AML Business Risk Assessment Template for DNFBPs in UAE
Related Articles
What is Know Your Customer (KYC)?
Best practices for KYC compliance
Accurate AML Compliance with KYC Automation
KYC Transformation From Manual KYC Checks to Automated
Know the Differences between KYC and AML
Identity Verification for Partnership Firms: Navigating the essential element of customer onboarding under UAE AML Law
Know Your Transaction (KYT) and Know Your Virtual Asset Service Providers (KYV)
Customer Lifecycle Management and AML Compliance in the Digital World
Sanction Screening in UAE
- Sanction Screening in UAE (VIDEO)
This video will help you understand the basic concepts around sanctions screening, what it is, what sanctions list to include as per UAE AML requirements, how to conduct sanctions screening, and more:
- What is sanctions screening
- UAE Local List and UNSC List
- When to conduct sanctions check
- The requirements around the EOCN mailing list subscription
- Sanctions screening process
- What to while dealing with sanctioned individuals and entities
- Partial Name Match and Fund Freeze Report Submission with the FIU goAML portal
Chapters:
- 0:00 Sanction Screening Introduction
- 0:47 Subscribing to the Executive Office
- 1:07 Sanction Screening Process
- 1:36 Sanctions Implementation process
- 2:36 Timely Reporting to FIU
- 2:55 Filing reports on the goAML portal
- 3:16 Conclusion
Related Articles
A Guide to Sanction and PEP Screening in Customer Onboarding Process
What is a sanction list?
Targeted Financial Sanctions (TFS): Legal Requirements in UAE
Sanctions Compliance by VASPs in UAE: Safeguarding the Virtual Asset segment against financial crimes
TFS Implementation Criteria: Ownership, Control, and Acting on behalf of a Designated Person
What are Economic Sanctions?
Choosing an apt AML Software for DPMS
Updated list of FATF high-risk countries and countries under increased monitoring
How do you do a Sanction Screening?
Role of FATF: The Financial Action Task Force
What are FATF Blacklist and Grey list countries?
The Challenges of The Sanction Screening Process
Simple Guide to Subscribe to Sanctioned List
The Role of Sanctions in Achieving International Peace and Security
Socio-economic impact of money laundering
Funds Freeze Report (FFR) and Partial Name Match Report (PNMR) filing with goAML
What is Proliferation and Proliferation Financing?
A complete guide to global AML regulations
Related Videos
Sanction Screening in UAE
Essential Element of Sanctions Compliance in UAE – Filing Partial Name Match Report
Factors for AML Enterprise Wide Risk Assessment
Sanctions Compliance in UAE and Conducting Sanctions Screening Using AML Software
PEP Screening Requirements in UAE
Related Infographics
Sanctions screening regulatory requirements in UAE
Countering the Proliferation Financing: Concept and Mitigation Measures
Filing of Fund Freeze Report (FFR) under UAE AML Laws
PEP and PEP Screening under UAE AML Regulations
PEP Screening Guide
Filing of Partial Name Match Report (PNMR) under UAE AML Laws
Related Laws, Guidelines, Rules, and Regulations
Targeted Financial Sanctions Implementation Guide
Typologies on the circumvention of Targeted Sanctions
Guidance on Targeted Financial Sanctions for FIs, DNFBPs, and VASPs
UAE national sanctions list
Cabinet Resolution No. (74) of 2020 – Terrorism Lists Regulation
Targeted Financial Sanctions Guideline for Insurance Sector
Targeted Financial Sanctions Proliferation and Terrorism Financing
Guidance on Counter Proliferation Financing for FIs DNFBPs and VASPs
TFS Private Sector Mini Guide
Circular 1 of 2022: Implementation of Targeted Financial Sanctions on UNSCRs 1718 (2006) and 2231 (2015)
Circular No. 5 on Targeted Financial Sanctions Reporting
Guidance for Licensed Financial Institutions on the Implementation of Targeted Financial Sanctions
DFSA Rulebook – AML, CFT and Sanctions Module
Elements of an effective AML Policy and Procedures
- Elements of an effective AML Policy and Procedures (VIDEO)
This video will help you understand the elements of an effective AML policy and procedures. Regarding AML/CFT policy and procedures, it is important to get it approved by top management. The video touches upon the important aspects around risk identification, risk-based approach, customer onboarding, identification and reporting of suspicious transactions, other reporting requirements, record keeping, governance, and targeted financial sanctions (TFS).
Chapters:
- 0:00 Introduction
- 0:26 Risk Identification
- 0:50 Risk Mitigation
- 1:05 Customer Onboarding
- 1:30 Identification and Reporting of Suspicious Transactions
- 2:17 Record Keeping
- 2:39 Governance
- 3:03 Targeted Financial Sanctions
- 3:26 Documentation for AML CFT policy
Related Templates
AML Policy Template for the VASP in UAE
AML Policy Template for the Trust and Company Service Providers (TCSP) in UAE
AML Policy Template for the Jewellers in UAE
AML Policy Template for the lawyers, notaries, and other legal professionals in UAE
AML Policy Template for Real Estate Agents and Brokers in UAE
AML Policy Template
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This post first appeared on A Detailed Guide Of AML Compliance Requirements For Auditors And Accountants In The UAE, please read the originial post: here
