The Prohibition of Money Laundering organizes a workshop for exchange companies in preparation for a mutual evaluation. Details: The Authority for the Prohibition of Money Laundering and Terrorist Financing, in collaboration with the United Nations Development Program (UNDP), organized a training workshop to improve the skills of workers in the exchange sector and increase the efficiency of the procedures for meeting regulatory requirements and dealing with risks. The workshop focused on increasing the ability of exchange companies to identify risks related to customers and financial transactions, and to identify suspicious actions, in addition to implementing due diligence and internal control procedures. The workshop enters the process of implementing the national strategy to combat money laundering and terrorist financing, and increasing compliance with international standards issued by the Financial Task Force (FATF). The workshop is intended to raise the level of preparedness of the concerned authorities for the upcoming mutual evaluation process, thereby contributing to increasing the effectiveness of the national system and developing the ability of the entities subject to supervision to practically implement international requirements.

The Prohibition of Money Laundering organizes a workshop for exchange companies in preparation for a mutual evaluation. Details: The Authority for the Prohibition of Money Laundering and Terrorist Financing, in collaboration with the United Nations Development Program (UNDP), organized a training workshop to improve the skills of workers in the exchange sector and increase the efficiency of the procedures for meeting regulatory requirements and dealing with risks. The workshop focused on increasing the ability of exchange companies to identify risks related to customers and financial transactions, and to identify suspicious actions, in addition to implementing due diligence and internal control procedures. The workshop enters the process of implementing the national strategy to combat money laundering and terrorist financing, and increasing compliance with international standards issued by the Financial Task Force (FATF). The workshop is intended to raise the level of preparedness of the concerned authorities for the upcoming mutual evaluation process, thereby contributing to increasing the effectiveness of the national system and developing the ability of the entities subject to supervision to practically implement international requirements.