Anti-Financial Crime Compliance and Risk Management
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Anti-Financial Crime Compliance and Risk Management Course
Introduction:
Financial crime over the last 30 years has increasingly become of concern to governments throughout the world. This concern arises from a variety of issues because the impact of financial crime varies in different contexts. It is today widely recognized that the prevalence of economically motivated crime in many societies is a substantial threat to the development of economies and their stability.
This course is designed to provide a focused overview of the current key areas of financial crime, methods of prevention and detection as well as a good knowledge of the legal and regulatory environment under which organizations must operate.
Anti-Financial Crime Compliance & Risk Management training course is designed to provide a comprehensive guide to the key issues, legislation, and implications.
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?
Anti-Financial Crime Compliance & 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 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.
