Anti-Financial Crime Compliance and Risk Management Course

Course Overview:

The Anti-Financial Crime Compliance & Risk Management course arms its learners with the knowledge and skills necessary for averting financial crimes in the world of financial services.

The areas of coverage include international Anti-financial crime compliance regime, roles and responsibilities of regulators, firms and employees and potential threats posed by financial crimes including money laundering, fraud, bribery and cybercrime.

It emphasises the best practices in fraud prevention, money laundering controls, and the power of a compliance officer.

Learners will additionally be taught on the establishment of control systems, breach recognition, and the interpretation of applicable statutes and case law. In the example portion of the course participants will see how crime was detected and what measures were taken to recover the stolen assets, thus the course may be taken by the people working in the field of compliance, risk management, law or governance.

Course Objectives:

At the end of this Anti-Financial Crime Compliance & Risk Management training course, you will able to:

• What is Anti-Financial Crime (AFC) compliance?
• The international AFC compliance regime for financial services firms
• Responsibilities of regulators, firms, senior management and staff
• Should firms be doing more to combat financial crime?
• What is your firm’s AFC strategy? What are the financial crime risks in
• Global best practices in fraud detection and prevention; anti-money laundering processes and regulation as well as anti-bribery regulation
• How to set up control systems and detect breaches
• How to navigate through the relevant legislation and case law as well as indicating where new legislation is expected
• How criminal activity has been detected and assets recovered – via real-life case studies and examples
• The role of regulators and the consequences of not complying with regulations and the law

Who Should Attend?

The anti-financial Crime Compliance and risk Management training  course is ideal for financial services professionals in roles such as:

• Anti-Financial Crime
• Compliance
• Legal
• Governance
• Risk managers
• Internal and external audit
• Law enforcement and regulators
• Professional advisers

Course Outlines:

Introduction to Anti-Financial Crime (AFC) compliance

• What is Anti-Financial Crime (AFC) compliance?
• Review financial crimes including bribery and corruption, cybercrime, fraud, market abuse, money laundering, sanctions, terrorist financing, and weapons proliferation

Review of the international AFC compliance regime for financial services firms

• Responsibilities of regulators, firms, senior management and staff
• Should firms be doing more to combat financial crime?
• What is your firm’s AFC strategy?
• What are the financial crime risks in achieving your firm’s commercial ambitions?

Role and responsibilities of the AFC Compliance Function

• Being an AFC Compliance Officer/Money Laundering Reporting Officer (MLRO)
• Working with senior management, business lines, control functions, and regulators

Risk identification, measurement, assessment, and management

• Are you complying?
• Maintaining policies and procedures, systems and controls: best practices
• The importance of keeping good records

Customer due diligence – Do you really know your client?

• Suspicion reporting – what should you report? – When should you be suspicious?
• Are human beings your weakest link? Delivering effective training and awareness
• Challenges of investigations, enforcement, and litigation
• The program will include many case studies reviewing lessons to be learned from enforcement actions, and many typologies.

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