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Compliance

UAE AML Training for Real Estate Senior Management

Real estate AML training for owners, directors and senior managers. Combines the employee foundation with decisions about risk appetite, high-risk customers, compliance resources and oversight.

Duration
87 minutes
Language
English
Trainer
Course delivery
Online
Price per attendee
299 AED
Suggested for
Senior management, Managers
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A meeting table overlooking the Dubai skyline.

About this course

Senior managers need enough information to challenge a risk assessment, decide whether a high-risk customer can be accepted and give the Compliance Officer the resources to do the job. This course focuses on those decisions and the records that explain them.

The eight-module employee foundation is followed by five management modules. Cases examine commercial pressure, approval files, the appointment and independence of the Compliance Officer, management reports, audit and unresolved findings. The management pack provides approval, appointment and review documents with a Senior Management Guide.

Training and assessment are in English. The course is intended for real estate firms supervised by the UAE Ministry of Economy and Tourism. It explains management oversight without shifting the Compliance Officer’s reporting decisions to the board.

What you'll learn

13 chapters · 95 minutes

Foundation

8 chapters · 61 minutes

  1. AML in real estate

    Money laundering, terrorist financing and proliferation financing in property, and the employee’s responsibilities.

    11 minutes

  2. Customer due diligence

    Customer identity, authority to act, the payer and the timing of customer due diligence.

    7 minutes

  3. Companies and beneficial owners

    Natural persons behind companies, ownership and control, and evidence that needs further review.

    6 minutes

  4. Risk, PEPs and higher-risk customers

    Customer risk factors, politically exposed persons and explaining additional checks.

    7 minutes

  5. Source of funds and source of wealth

    The funds used for a deal, wider wealth and whether the documents support the explanation.

    7 minutes

  6. Real estate warning signs

    Property payment patterns, changing parties, commercial pressure and other warning signs.

    8 minutes

  7. Sanctions and proliferation financing

    Sanctions screening, possible matches and property-related proliferation-financing risks.

    7 minutes

  8. Reporting and records

    Internal concerns, suspicion reports, the Real Estate Activity Report (REAR) and transaction records.

    8 minutes

Senior management

5 chapters · 34 minutes

  1. Accountability at the top

    Management accountability, delegated work and consequences for the firm and responsible individuals.

    7 minutes

  2. The firm's risk assessment and risk appetite

    Reviewing the firm’s risk assessment and setting practical limits on the risks it will accept.

    7 minutes

  3. Approving high-risk customers

    Evidence for a high-risk customer decision, approval conditions and reasons to defer or decline.

    7 minutes

  4. The Compliance Officer

    Appointment, independence, access and resources for the Compliance Officer, with boundaries on management involvement.

    7 minutes

  5. Oversight, reporting and inspection

    Compliance reports, independent audit, unresolved findings and records needed for inspection.

    6 minutes

Required by law: Yes

Included with this course

  • Real estate AML pack for senior management

    The employee pack, plus eight tools for the people at the top: risk appetite, high-risk approvals, the Compliance Officer file, management review and inspection readiness, with a 12-page guide for senior management.

    20 templates · 12-page guide · English
    What's inside

    Management tools

    • Risk appetite statement
    • Risk assessment review and certification
    • High-risk customer approval
    • Compliance Officer appointment file
    • Outside Compliance Officer review
    • Management review minutes
    • Independent audit scope checklist
    • Inspection readiness checklist

    Employee foundation

    • The employee pack: 12 templates and the 16-page field guide

    Guide

    • Senior Management Guide, 12 pages

  • Real estate AML pack

    Customer forms, deal records, screening and reporting tools for your firm to make its own, with a field guide for your team to keep.

    12 templates · 16-page guide · English
    What's inside

    Reporting guides

    • Start here
    • Which report, when
    • Employee reporting card
    • Official sources and use guide

    Customer forms

    • Individual customer form
    • Company and beneficial owner form
    • Source of funds and wealth declaration
    • Third-party payment declaration

    Internal records

    • Deal file checklist
    • Confidential concern note
    • STR and SAR narrative template

    Workbooks

    • Screening record and match review
    • REAR preparation and filing log

    Field guide

    • Real estate AML field guide, 16 pages

Your company can download it once anyone is enrolled on this course.

Course author

Shog Consulting