Some of the employees of al khaliji who took part in the anti-money laundering training.
DOHA: In its efforts to meeting local and international compliance, Al Khalij Commercial Bank (al khaliji) held annual training for its employees to educate them about anti-money laundering (AML) regulations, a press statement said yesterday.
Nearly 270 employees of the bank attended the training held in Qatar and the UAE. The training that took place in Qatar, was also attended by representatives from the Qatar Financial Information Unit. al khaliji Group Compliance addressed detailed issues on how to apply a risk-based approach to AML compliance and how best to develop and apply new typologies for internal monitoring and investigations.
“The training is a platform to discuss implementation practices on anti-money laundering laws. The training has been structured to allow our employees to openly discuss the topics and challenges with regards to implementation of the laws, and suggest solutions to meet those challenges,” said Osama Zeineh, al khaliji Group Head of Compliance. Presenting al khaliji’s own unique experience with its own anti-money laundering framework, and how the bank implemented the regulations uniformly across the different countries it does business in (Qatar, France, and the UAE), Zeineh discussed in detail compliance management framework, with emphasis on Regulatory Obligations, Client Due Diligence, Reporting a suspicious transactions, Conflicts of Interest, Whistle Blowing and FATCA.
The Peninsula
