Correspondent Banking Training · UAE Edition
Train Employees to Catch Correspondent Risk.
Equip your workforce to assess respondent banks, detect financial crime, and apply the right controls — with risk-based training aligned to CBUAE AML/CFT regulations.
- ~45 minutes
- SCORM / xAPI compatible
Delivering more than one course? Check our Plans and Pricing.
Trusted by teams at
Satisfy Financial Regulators
Deliver defensible proof that your staff is trained to identify and report suspicious financial activities.
FATF Recommendations
Baseline for international AML compliance.
Aligns with global standards requiring financial institutions to implement ongoing employee training programs.
Bank Secrecy Act (BSA)
Essential for US banking operations.
Satisfies the FinCEN requirement for a targeted, risk-based AML/CTF training program.
Global Sanctions
Prevents severe financial penalties.
Ensures staff understand OFAC, UN, and EU sanctions screening obligations and evasion typologies.
Course completion generates audit-ready evidence including timestamps, assessment scores, and certificates.
What will your workforce and vendors learn?
The outcomes learners walk away with
Understanding Correspondent Banking
Learn the fundamentals, purpose, and structure of correspondent banking relationships.
Identifying Financial Crime Risks
Recognize key risks such as nested relationships, shell banks, and high-risk jurisdictions.
Assessing Risk Factors & Red Flags
Identify warning signs and evaluate risks associated with correspondent banking partners.
Managing Due Diligence & RFI Processes
Understand the importance of Request for Information (RFI) and ongoing due diligence.
Understanding Downstream Clearing Risks
Learn how indirect access to financial systems increases financial crime exposure.
Applying Risk Mitigation Controls
Implement controls to manage and monitor correspondent banking relationships effectively.
Course modules
Actionable, audit-defensible curriculum
01Section 1: Introduction to Correspondent Banking
This section introduces correspondent banking, its role in facilitating global payments, and why financial institutions rely on these relationships. Learners understand the basic structure and importance of correspondent banking in international finance.
02Section 2: Correspondent Banking Relationships
Learners explore how correspondent banking relationships are established and maintained, including key components, participants, and operational structures.
03Section 3: Financial Crime Risks in Correspondent Banking
This section highlights the risks associated with correspondent banking, including money laundering, terrorist financing, sanctions exposure, and the use of shell banks.
04Section 4: Key Risk Factors & Red Flags
Learners identify critical risk indicators such as high-risk jurisdictions, unusual transaction patterns, nested relationships, and weak AML controls in respondent banks.
05Section 5: Summary & Assessment
This final section consolidates key concepts and includes an assessment to validate learning outcomes.
Who's it for?
For UAE Banks & Financial Institutions.
Your workforce
Correspondent Banking Teams, AML & Compliance Teams, Risk Management Teams , Transaction Monitoring Teams , Relationship Managers , Internal Audit Teams
Your vendors and suppliers
Contractors, suppliers, third parties and partners who access your systems or data.
Get a quote for this course.
- An advisor reviews your requirements and responds within one business day, preferably to schedule a call.
- Pricing is scoped to the number of users and your delivery model.
Certification
Completion earns an audit-ready certificate
Every learner who completes the course receives a certificate — verifiable proof for auditors and regulators.
Company-branded certificates are issued on the Enterprise and Managed Vendor Training plans.
Earn the Credential
Employees who complete the course and score 80% or higher on the assessments receive the Correspondent Banking training certificate.
Digital & Shareable
Certificates are delivered digitally and can be proudly shared on internal platforms or LinkedIn.
Company-Branded Certificate
Each certificate features your organization’s name, reinforcing your internal security culture.
How to run this course in your organisation
Deliver it through custom learning paths for your employees and vendors — with an optional dedicated LMS for full data sovereignty.
View plans and get a quote
Related courses
More in this category to expand your compliance portfolio
AML, CFT and Sanctions Training · UAE Edition
Turn regulatory obligation into real defense. Central Bank of UAE–aligned training on Anti-Money Laundering, Countering the Financing of Terrorism, and Sanctions.
Customer Due Diligence Training · UAE Edition
Equip your workforce to master KYC, CDD, and STR reporting in line with CBUAE AML/CFT laws — including risk profiling, identifying UBOs, spotting red flags, and filing suspicious transaction reports.
Trade-Based Money Laundering Training · UAE Edition
Train your trade finance team to catch the TBML red flags automated screening misses — real-world, risk-based, CBUAE-aligned, and examination-ready.
Frequently asked questions
Common queries on deployment and customization
What is "Specific Due Diligence" for Correspondent Banking?
As per Article 25 of the AML-CFT Decision, LFIs must perform "Enhanced Due Diligence" on any "Respondent" institution before establishing a correspondent relationship. This includes evaluating the respondent's AML/CFT controls, verifying its reputation, and ensuring it is subject to effective supervision in its home jurisdiction.
How does this course align with CBUAE Guidance on Correspondent Banking?
This course is mapped to the CBUAE "Guidance for LFIs on Correspondent Banking Relationships." It covers the "Wolfsberg Group" standards, the use of the AML Questionnaire, and the mandatory requirement for Senior Management approval before any new correspondent relationship is activated.
What is a "Shell Bank" and why are they prohibited?
A "Shell Bank" is a bank that has no physical presence in the country where it is incorporated and is not affiliated with a regulated financial group. CBUAE regulations strictly prohibit LFIs from entering into or continuing a correspondent relationship with a shell bank, or with a respondent bank that is known to permit its accounts to be used by shell banks.
What are "Nested" or "Downstream" correspondent relationships?
"Nested" relationships occur when a respondent bank provides correspondent services to other financial institutions through its account with the UAE LFI. Staff must be trained to understand the risks of "limited visibility" in these chains and the requirement to assess whether the respondent bank effectively monitors its own downstream customers.
How must staff manage the "Annual Review" of correspondent relationships?
Correspondent relationships must be reviewed at least annually (or more frequently for high-risk respondents). Training covers the "Recertification" process, where staff must verify that the respondent’s license remains valid, its ownership hasn't changed to include PEPs, and its AML controls have not deteriorated. Any significant adverse news must be escalated to the Board or Senior Management.
Ready to run this course?
Get a quote