Anti-Financial Crime Compliance and Risk Management
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Anti-Financial Crime Compliance and Risk Management Course
Introduction:
In the past three decades, financial crime has emerged as a significant concern for governments worldwide. This growing apprehension stems from various factors, as the impact of financial crime can vary across different contexts. It is now widely acknowledged that the prevalence of economically motivated crime poses a substantial threat to the development and stability of economies.
The Anti-Financial Crime Compliance & Risk Management training course offers a targeted overview of the critical aspects of financial crime, including prevention and detection methods, as well as an understanding of the legal and regulatory framework that organizations must navigate.
This course aims to provide participants with a comprehensive understanding of the key issues surrounding financial crime. It covers essential topics such as money laundering, fraud, corruption, and terrorist financing. Participants will also gain insights into the best practices and strategies for preventing and detecting financial crimes within their organizations.
Moreover, the course delves into the legal and regulatory environment that governs financial crime prevention. Participants will develop a solid grasp of the relevant legislation and regulations, enabling them to ensure compliance and mitigate the risks associated with financial crime.
By attending this training course, participants will enhance their knowledge and skills in anti-financial crime compliance and risk management. They will be equipped with the tools and expertise necessary to identify, prevent, and detect financial crimes, thereby safeguarding their organizations and contributing to a more secure and stable economic environment.
The Anti-Financial Crime Compliance & Risk Management training course provides a valuable resource for professionals seeking to navigate the complex landscape of financial crime. With its comprehensive coverage of key topics and focus on legal and regulatory implications, the course equips participants with the knowledge and insights needed to effectively address the challenges posed by financial crime in today's global business environment.
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 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
- Programme will include many case studies reviewing lessons to be learnt from enforcement actions, and many typologies.