About the Course

The 5-Day Financial Crime MBA training course gives the delegates a comprehensive overview of financial crime, its methodologies, and its impact. It will cover the major types of financial crime that delegates will encounter and allow them to examine the process from the inception of the crime to placing, layering, and integrating the proceeds of those crimes. 

It covers all the types of predicate crime identified by the regulators and examines the types of regulatory bodies, their roles, and the major global regulations that need to be adhered to & it will include a discussion of the ever-changing regulations and what is needed to make them a success. The delegates will be examining real examples of financial crime and the vulnerabilities that the criminals exposed in the policies & procedures, rules & regulations of financial institutions, and how staff within those firms can be invaluable in identifying unusual activity. 

Furthermore, This training course will examine the markets in digital assets and crypto-currencies, looking at the crime issues thrown up by these new ‘asset classes’ as well as how technology is changing the financial crime ecosystem and what steps might be taken to ensure that criminals don’t successfully use them for illegal purposes. It will enable each delegate to examine ‘best-practice’ in identifying, dealing with, and preventing financial crime in their organisations and how other major financial institutions are dealing with their own FCC issues.

Core Objectives

The delegates will achieve the following objectives:

• Define the major types of financial crime
• Identify the major types of money laundering
• To chart the process of the crime – from inception to discovery, to prevention
• Examine the sanctions, regulations, and breaches
• Know how criminals can use digital assets
• Examine the actual examples of where FIs have been used by criminals to launder money or hide illicit funds
• Gain a complete overview of financial crime compliance and its effectiveness [or otherwise]

Training Approach

The training course will be case-study based and fully interactive, with the delegates examining real-life examples of financial crimes, who was involved, and how they could have been stopped.

The Attendees

This training course is suitable for all finance professionals in the first line of defense or those in supervisory roles.

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

• Compliance Staff
• Internal Audit Staff
• Front Line or Client-facing Staff
• Managers & Supervisors
• Regulators
• IT & Software Providers
• Consultants and those Selling to Financial Institutions

Daily Discussion

DAY ONE: THE OVERVIEW OF FINANCIAL CRIME

• Predicate Crimes
• Tax Crimes
• Terrorist Financing
• Environmental Crimes
• People Trafficking
• Product Piracy & Forgery
• Cyber Crimes
• Crimes in the World of Digital Assets
• Crimes highlighted by the recent pandemic
• Crimes Arising through Operational Risk
• The A-Z of other Financial Crimes

DAY TWO: FRAUD & BRIBERY

• The Indicia of Fraud
• The Psychology of fraudsters
• Identity Theft
• Major Financial Frauds - Commonalities
• Identifying Frauds
• Internal vs External Fraud
• Balance Sheet Fraud
• Securities Fraud
• Defining Bribery
• Global Bribery Regulations
• Examples of Bribery
• Investigating Bribery and the Audit Trail

DAY THREE: MONEY LAUNDERING

• Major Types of Laundering
• The Laundering Process
• Global Regulatory Bodies and Regulations
• KYC/KYN and Weak Points in these Areas
• PEPs & the UBO: Best Practices in Discovery
• SOW/SOF: How far back do we go?
• Using Data in preventing Money Laundering and its Limitations
• Money Laundering using Digital Assets
• New ML Techniques and How to spot them

DAY FOUR: SANCTIONS, SANCTIONS REGIMES, AND BREACHES

• Defining Sanctions
• The Different Types of Sanction
• Who imposes sanctions?
• Examining and Contrasting Sanctions Regimes
• Types of Sanctions Breach
• ‘Proxy Countries’ and their Use
• Using Digital Assets to Evade Sanctions
• Using Technology to Spot Sanctions Breaches
• Building a ‘World-class’ Sanctions Department

DAY FIVE: FINANCIAL CRIME COMPLIANCE

• Policies, Procedures, and Processes: Strengths & Weaknesses of Financial Institutions
• Real-life Financial Crime Case Studies: What can we learn from them?
• Malicious Insiders and their Impact
• The Challenges of Remote Working
• Examining the Optimum relationship between the Three Lines of Defence
• What do all staff need to know to make them effective partners in FCC?
• The Role of the MLRO
• Operational Risk and Financial Crime
• The Role of Internal Audit, Compliance and MLROs
• Takeaways and Practical Advice