About the Course

This Financial Risk Management training course is designed for anyone involved in Financial service, either managing their customers and needing to mitigate the Risk brought about by Financial Crime or regulating those businesses touched by the financial service industry.

It will cover a wide range of financial crime issues, including Fraud, Associated Theft, Money Laundering, Bribery and Corruption, that we all should be aware of and should be looking for to maintain the safety of both customers and you and your business. Recent years have shown an increase worldwide of Regulatory bodies taking an increased look at Financial Crime and Bribery and Corruption in particular, with countries working hand in hand to try and combat these challenges. To ignore this is dangerous for businesses and their employees equally as the Risk of prosecution and penalties increases along with the size of both prison terms and financial penalties.

This highly interactive training course is designed for financial institutions, businesses, regulators, and law enforcement agencies. It offers an interactive and dynamic classroom scenario-driven experience for the delegates in analysing financial crime and current issues regarding Typologies, Methods and greater awareness of the global problems associated with Financial Crime.

Core Objectives

Upon successful completion of this course, the delegates will be able to:

• Know the various Financial Crimes encountered in Businesses both domestically and internationally and the risks they pose
• Comprehend what questions to ask a customer and why we ask them at onboarding
• Internal Controls that can shut the door to financial crime
• Recognise preventive and detective controls that can be effective in combatting Financial Crime
• Understand the need for good compliance and Governance of Financial regulations.

Training Approach

The delegates attending this training course will receive thorough training on the subjects utilising various proven adult learning teaching and facilitation techniques. The highly interactive and participative training course methodology includes exercises and role-plays to simulate audit scenarios and situations.

The Attendees

The delegates best suited to this training course will be any banking professionals or those involved in any way connected to finance and financial crime, including Risk Managers, Compliance Managers and all professionals that may be employed as 3^rd party associates.

Likewise, it will be valuable to the professionals but not limited to the following:

• Auditors
• Compliance Officers
• Money Laundering Reporting Officers (MLROs)
• Security Officers & Staff
• All Frontline Staff
• Middle-level and upper management within Small, Medium and Large Companies

Daily Discussion

DAY ONE: FRAUD AND FRAUDSTERS 

• Understanding the Nature of Fraud
• Reflecting on Why People Commit Fraud
• The Cresseys’ Triangle
• Reviewing the Financial and Personal Vices often leads to Fraudulent Behaviour
• Profiling a Fraudster

DAY TWO: STARTING TO LOOK FOR FRAUD AND FINANCIAL CRIME

• Understanding Fraud Measures in an Organisation
• Ways in which companies Fight Fraud Today
• Considering the Gaps in Internal Control Structure
• Identifying Preventive Fraud Controls
• Identifying Detective Fraud Controls

DAY THREE: ESCALATION

• Recognising the Symptoms of Fraud
• Appreciating Whistleblowing within Organisations
• Following up on Fraud Reports by Whistleblowers
• Investigating the Purported Fraud
• Using Data-driven Fraud Analysis Techniques

DAY FOUR: DATA-DRIVEN ANALYSIS

• Using Data-driven Fraud Analysis Techniques
• Using Data-mining Software and Procedures
• Grinding through the Data and Discovering the Gold Nuggets
• Investigating Theft Acts
• Investigating and Determining Concealment has Taken Place

DAY FIVE: FINDING THE TRUTH & THE SPECIFICS OF FINANCIAL STATEMENT ISSUES

• Inquiring Methods and Fraud Reports
• Interviewing Techniques & Tricks
• Financial Statement Fraud
• Revenue/Inventory-related Fraud
• Other Types of Fraud
• Consumer Fraud