Certified Compliance Officer (CCO)

Certified Compliance Officer (CCO)

Why join Concept programs?

Academic by providing professional training content that combines scientific theories and practical application Knowing the needs of the market and using interactive workshopsDesigning the program according to the needs of the market Books and recent publications

The first day of commitment..concept, principles and application

 Definition and Scope of Commitment
 Importance and principles of commitment
 Corporate Governance and the Role of the Board of Directors and Executive Management
 The role of supervision and compliance in financial institutions and the risks of non-compliance
 Establishing and monitoring the compliance function
 Effective Compliance Infrastructure
 Qualifications of the person responsible for oversight and compliance
 The relationship between risk management and compliance
 Definition of money laundering and terrorist financing and the difference between them
 Stages of the money laundering process
 Recruitment and Deposit
 Camouflage and cover up
 Merge
 The importance of combating money laundering and terrorist financing crimes
 Risks and consequences of money laundering and terrorist financing operations
 Economic Risk
 Social Risk
 Political Risk

The second day of money laundering..the concept and requirements to combat it

 Legislative and Regulatory Framework for Combating Money Laundering and Terrorist Financing
 International and local efforts to combat money laundering and terrorist financing
 Security Council resolutions related to terrorism and terrorist financing
 Financial Action Task Force for Combating Money Laundering (FATF)
 Middle East and North Africa Financial Action Task Force (MENAFATF)
 Recommendations of the International Financial Action Task Force:
 Forty Recommendations to Combat Money Laundering
 The Nine Special Recommendations for Combating the Financing of Terrorism
 Instructions issued by the Central Bank of Kuwait regarding combating money laundering and terrorist financing
 The role and obligations of financial institutions to develop the anti-money laundering and terrorist financing program
 Elements of the Anti-Money Laundering and Terrorist Financing Program
 Effectiveness of independent internal and external control
 Managing the risks associated with money laundering and terrorist financing

Day 3 Compliance Enhanced Risk Rating

 Customer Acceptance Policies and Procedures
 The importance of verifying the identity of the customer, the real beneficiaries, the members of the board of directors and the authorized signatories
 Continuous follow-up and control of transactions and accounts
 Risk rating and risk-based approach
 Mitigated Due Diligence Measures for Low Risk Clients
 Due diligence measures for certain high-risk accounts and clients  Political Persons at Risk (PEPs)
 Charities and non-profit organizations
 Money laundering through the real estate sector
 Patterns and methods used in money laundering through electronic means
 Terrorist Financing and Social Media
 Indicators for identifying money laundering and terrorist financing operations
 Using internal systems to follow up on unusual and suspicious transactions and submit internal reports
 Detecting suspicious transactions and reporting them to the competent authorities
 The importance of training, educating and spreading awareness
 Duties of the Money Laundering Reporting Officer and his deputy
 Examples and cases of money laundering and terrorist financing

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