CBI Conducted AML course.
9/30/2006
CBI have conducted a course on money laundering for all branches customers services, operations staff and head office staff.
CBI have conducted a course on money laundering for all branches customers services, operations staff and head office staff. The course is intended to familiarize CBI staff members with the definition, nature, processes, volume of money laundering and associated risks. Local & international rules/regulations to combat and mitigate risks of money laundering. The course was instructed by Mr. Ahmed M. Tahoun Head of Audit & Compliance Division.
The course was conducted to understand the following :
- The definition of the AML.
- The ways used by Money Launderer.
- The volume of the problem.
- UAE laws and regulation and the International efforts to combat ML.
- Bank's obligations and their employee role in combating ML.
- The effect of ML on the world economics, countries, UAE and banks.
- The risks and effects of ML on Banks and their staff.
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