Overview

The "Branch Operations (Level 1E)" course provides essential knowledge and skills for managing account opening procedures within a branch setting. Through an exploration of account types, required documentation, special cases, and compliance with anti-money laundering (AML) and terrorism financing regulations, participants will learn to facilitate smooth account opening processes while adhering to legal and regulatory requirements.

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Outcome

Define Types of accounts from legal perspective.


Interpret special cases in opening accounts.


Identify required documents of opening accounts.


Recognize the requirements of AML and financing terrorism..


Connect the relation between the branch and central account opening department.

Details

Developed by: Beacon FinTrain

Standard Total Hours: 6 Hrs

Language: English - Bilingual "English & Arabic"

Modalities: 
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Outline

  • Individual Accounts
  • Joint accounts
  • Minor accounts

  • How to read the national ID?
  • Residence and Income proofs
  • Foreigners’ accounts
  • FATCA

  • Corporate accounts (Sole proprietorship, Joint stock, Limited Liabilities, …. etc.)
  • other non-individual accounts (NPO, Associations, Clubs, etc.)
  • Representative offices, off shore, and multinationals.
  • Under establishments companies and capital increase process

  • Introduction to AML
  • Define the terrorism financing
  • Major CBE requirements in related cases.
  • Compliance role in this regard.

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Who Should Attend

  • Frontline staff responsible for account opening procedures
  • Customer service representatives assisting customers with account opening
  • Operations managers overseeing account opening processes
  • Compliance officers ensuring adherence to AML and terrorism financing regulations

Why Beacon

Quality

Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

Specialization

We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

Punctuality

Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

Guidance

Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

Integrity

We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

Flexibility

Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.