Game Based Anti-Money Laundering Training in Qatar

Course Description

Tafkeer Professional Development is pleased to announce Game Based Anti-Money Laundering Training in Qatar where you would know how to detect a suspicious transaction in your workplace? Are you aware of the financial and reputational risk that money laundering can pose to your organization?

This Game Based Anti-Money Laundering Training in Qatar comes with Simulation Board Game Workshop on Trade Based Money Laundering for professionals from all walk of lives especially professionals working in DNFBPs in their respective countries.

Discover the art of uncovering financial crime in our Trade-Based Money Laundering Simulation Board Game Training. Engage in an interactive learning experience where you’ll tackle real-world scenarios, sharpen your analytical skills, and learn how to identify red flags in global trade transactions.

This Trade Based Money Laundering Simulation Board Game promises perfect tools for Anti Money Laundering for compliance professionals, investigators, and financial analysts.

Before we jump into discussion on Simulation Board Game on Trade Based Money Laundering we must first have a look at Understanding Techniques of Trade Based Money Laundering.

Simulation Board Game Workshop on Trade Based Money Laundering

This Simulation Board Game Workshop on Trade Based Money Laundering is suitable for risk managers, white collar crime specialists, compliance officers, account opening officers who are directly in

This course is designed to give you a broad overview of money laundering. It covers general definitions, common techniques and the broad legislative framework for detecting and reporting illegal activity. It also covers globally recognized procedures for mitigating the risk presented by money laundering and terrorism financing.

We are offering Simulation Board Game Workshop on Trade Based Money Laundering along with theoretical training on Anti Money Laundering. This Simulation Board Game Workshop on Trade Based Money Laundering is offered as inhouse training program where participants can participate and get the learning on next level.

Trade Based Money Laundering Board Game

Board Game Based Anti-Money Laundering (AML) training in Qatar is designed to help individuals and organizations understand the risks and consequences associated with money laundering and terrorist financing activities. The training helps participants develop the necessary knowledge and skills to prevent, detect, and report money laundering activities.

In Qatar, AML training is mandatory for financial institutions, designated non-financial businesses and professions (DNFBPs), and other entities regulated by the Central Bank of the UAE. The training is usually provided by specialized training providers or consulting firms, and covers topics such as the international and local AML regulatory framework, customer due diligence (CDD) procedures, and suspicious transaction reporting.

Participants in AML training in Qatar typically include bank employees, financial advisors, accountants, lawyers, and other professionals working in the financial services industry. The training is also relevant for individuals who handle large amounts of cash, precious metals, and gems, and those who work in real estate, law firms, and casinos.

In conclusion, AML training is an essential component of an effective anti-money laundering program and helps participants understand their responsibilities in detecting and preventing money laundering and terrorist financing activities.

It provides general information only and should be accompanied by industry-specific training.

Materials Provided

Course Material File and Hand Outs
Exercise Sheets and Activities

Learning Objectives

Upon completion of this program, the trainee will be better able to:

Overview of Trade Based Money Laundering Simulation Board Game
Rules of Board Game Workshop on Trade Based Money Laundering
Know overview of money laundering
Recognize the key stages in money laundering and common techniques used by money launderers
Identify the objectives and principal elements of a ‘know your customer’ policy
Recognize some common indicators of money laundering
Delegates will be aware of AML/CFT (Anti Money Laundering /Countering of Terrorist Financing) subject and its implications
They will be able to understand the importance of Regulatory Expectations, how to work towards avoiding ML/TF abuse as an Industry professional
Identifying various Risk’s associated from a perspective of ML/TF abuse you will be more alert to fight against the ML/TF abuse, while making a significant contribution to the financial Institution you work with

Topics Covered

This course covers the following topics:

Introduction to Trade Based Money Laundering Simulation Board Game Workshop on Trade Based Money Laundering
The money laundering cycle and Common money laundering techniques
Your Obligations to anti-money Laundering
Suspicious matter Reporting
Introduction to Terrorism Financing

Welcome Note

Introduction of trainers & training team
Participant introductions
Pre-evaluation

Course Outline of Trade Based Money Laundering Stimulation Board Game

Introduction to financial crimes Typology

Definition: What are AML and CTF: and how do they work?
Stages of Money Laundering
History of Money Laundering
Why are Countries & Governments Concerned? Risk’s for banks/FI’s and you.
Process of money laundering
Specific Trends/typologies of Money Laundering
The expansion of Money Laundering from drugs to corruption to terrorism
Few indicators of money laundering
Money Laundering: Prevention, Detection, & Investigation

Compliance with Anti-Money Laundering Legislation

International Legislation and legislation applicable to the country where the course is being delivered
Sources of illegitimate funds
Trends in East Africa, ML problem in Africa
Financial Red Flags
Procurement Red Flags
Methods of Money Laundering
Recognizing and Reporting Suspicious Transactions
Detection Techniques
Investigating Money Laundering

Effective Techniques for Interviewing Money Laundering Suspects

Money Laundering & Terrorist Financing
What is the purpose of the interview?
Interrogation versus an Interview,
Characteristics of an Effective Interview,
What to Consider, Who should be Interviewed
What to do if a suspect refuses to talk to make him or her talk professionally

Money Laundering Detection Techniques

Combating Money laundering Regulatory framework
Methods and techniques observed in cases involving suspected terrorist financing and money laundering
Internal Controls, Procedures and Policies Cooperation with the Authorities and the Regulators
Know Your Customer (KYC) and Identification and Verification (ID&V) Rules
Prevention, Detection and Due Diligence
Early-Warning Mechanisms
Characteristics of individuals suspected of terrorist financing activities

Simulation Board Game Workshop on Trade Based Money Laundering

Trade based money laundering (TBML) is the process of moving illegal funds through the international trade system to legitimize them. TBML practices can include the falsification of price, quantity, and quality of the imported or exported goods.

TBML takes advantage of the complex nature of trade systems, most prominently in international contexts where the involvement of multiple parties and jurisdictions make know your customer and anti-money laundering (KYC and AML) checks and customer due diligence (CDD) processes more difficult.

𝐓𝐚𝐜𝐤𝐥𝐢𝐧𝐠 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐢𝐧 𝐓𝐫𝐚𝐝𝐞-𝐁𝐚𝐬𝐞𝐝 𝐌𝐨𝐧𝐞𝐲 𝐋𝐚𝐮𝐧𝐝𝐞𝐫𝐢𝐧𝐠

𝐓𝐫𝐚𝐝𝐞-𝐁𝐚𝐬𝐞𝐝 𝐌𝐨𝐧𝐞𝐲 𝐋𝐚𝐮𝐧𝐝𝐞𝐫𝐢𝐧𝐠 (𝐓𝐁𝐌𝐋): 𝑺𝒊𝒎𝒖𝒍𝒂𝒕𝒊𝒐𝒏 𝑩𝒐𝒂𝒓𝒅 𝑮𝒂𝒎𝒆 𝑻𝒓𝒂𝒊𝒏𝒊𝒏𝒈

Trade-Based Money Laundering (TBML) is evolving rapidly, presenting increasingly complex challenges for financial institutions. While traditional concerns like fake documents, phantom shipments, shell companies, and opaque beneficial ownership structures remain relevant, a new wave of sophisticated TBML tactics has emerged.

𝐓rade 𝐁ased 𝐌oney Laundering 𝐒𝐢𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐁𝐨𝐚𝐫𝐝 𝐆𝐚𝐦𝐞 is a unique concept taking the AML Training to next level, participants of this Board Game on Trade Based Money Laundering engage in a comprehensive, interactive session aimed at equipping teams with practical tools to detect, assess, and mitigate Trade-Based Money Laundering (TBML) risks.

This board game simulation emphasizes real-world scenarios and gamified learning, blending strategic thinking with hands-on case studies.

Key topics covered included:

𝐓𝐫𝐚𝐝𝐞 𝐨𝐟 𝐃𝐮𝐚𝐥-𝐔𝐬𝐞 𝐆𝐨𝐨𝐝𝐬: Understanding risk indicators and export control considerations.
𝐏𝐫𝐢𝐜𝐞 𝐕𝐞𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧: Identifying manipulated pricing strategies against market norms and customs duties.
𝐕𝐞𝐬𝐬𝐞𝐥 𝐓𝐫𝐚𝐜𝐤𝐢𝐧𝐠 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬: Dealing with Dark Fleets, Ghost Vessels, AIS deactivation, ship-to-ship transfers, and Flags of Convenience.
𝐒𝐚𝐧𝐜𝐭𝐢𝐨𝐧𝐬 𝐄𝐯𝐚𝐬𝐢𝐨𝐧 𝐓𝐚𝐜𝐭𝐢𝐜𝐬: Analyzing the use of transshipment points, third ports, and intermediary entities to obscure origin and ownership.
𝐎𝐩𝐞𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐑𝐢𝐬𝐤𝐬 & 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐏𝐚𝐫𝐭𝐢𝐞𝐬: Assessing vulnerabilities in open account trade and transactions with undisclosed affiliates.

Participants explored 𝐫𝐞𝐝 𝐟𝐥𝐚𝐠𝐬, 𝐞𝐬𝐜𝐚𝐥𝐚𝐭𝐢𝐨𝐧 𝐩𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞𝐬, and 𝐫𝐢𝐬𝐤 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐟𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤𝐬 aligned with organizational thresholds.

The 𝐠𝐚𝐦𝐢𝐟𝐢𝐞𝐝 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡 fostered collaboration, competitive spirit, and practical learning through real TBML trends and case studies.

The session concluded with teams enriched with 𝐚𝐜𝐭𝐢𝐨𝐧𝐚𝐛𝐥𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 and sharper investigative instincts to combat evolving TBML threats.

Target Audience?

This course is suitable for anyone who works within the regulated financial sectors, governments, finance ministries, financial regulatory authorities, including all businesses where large amounts of illegally obtained cash, property or goods could be bought, sold or exchanged.

This course is for professionals in Financial Industry including Banking, Payments, Transaction Banking, Foreign Exchange, Anti-Corruption, Wealth Management industry and Tax regulatory authorities.