Fundamentals of Anti Financial Crime Compliance Governance

• Learn Financial Crime, Different Types of Financial Crimes, and Key Reasons of their Occurrence
• Examples of different Financial Crimes, including Money Laundering, Bribery, Corruption, Embezzlement, Fraud, Insider Trading, Card Fraud, etc.
• Learn about Institutions Exposed to Financial Crimes
• Learn Emerging Digital Financial Crimes, faced by Institutions to prevent and manage risks
• Examples to understand causes of Financial Crimes to prevent their occurrences
• Learn Anti-Financial Crime Compliance, AFCC, Program Components, etc
• Learn about Anti-Financial Crime Risk Assessment, How It Is Performed
• Learn about Customer, Products and Channel risk Assessments from Anti-Financial Crime perspective
• Learn about Practical Scenarios and examples to assess and prevent Financial Crimes
• Learn Anti-Financial Crime Governance Structure
• Learn Anti-Financial Crime – Three Lines of Defense Model
• Learn Anti-Financial Crime Compliance Governance Hierarchy in an Institution
• Scenarios to learn how Financial Crime Compliance Teams think during various risk scenarios, assessment and investigations
• Learn Financial Crime Prevention Measures, to strengthen the systems and operations against possible financial crimes

Prevention of Financial Crimes is becoming a challenge for the World Financial System, and Institutions.

Financial Institutions such as banks, financial technology companies Fin-Techs, payment gateways, e-commerce companies, money service companies (MSBs), exchange companies, and similar regulated institutions are more exposed to financial crimes. These types of institutions spend millions of dollars to develop and maintain the Anti-Financial Crime Compliance Working Model, Frameworks, and Systems. 

Other businesses including real estate, dealers of precious metals or Jewelry, accountants, etc are also required to understand and implement the relevant processes and systems to prevent financial crime incidents and related risks.

Why This Course?

Institutions around the world, especially financial services and technology companies, are required to implement the Anti-Financial Crime Compliance frameworks, focussing on applicable laws, regulatory requirements, covering key financial crimes, with emerging risks and trends. The purpose is to make sure that financial systems, digital channels, and data are not misused or compromised for financial crimes by criminals, such as fraudsters, money launderers. tax evaders, etc. 

Regulators do inspections and impose heavy penalties on companies and businesses that do not comply with the anti-financial crime compliance requirements and implement appropriate frameworks and systems to prevent financial crimes. Imposition of penalties results in financial, legal, and reputational losses. 

International organizations, such as the Financial Action Task Force (FATF), issue recommendations and guidance, for its member countries, and institutions to strengthen frameworks to prevent financial crimes, especially money laundering, and terrorist financing.

Due to the importance of this topic, the demands of Financial Crime Compliance Professionals have increased many folds, especially AML/CFT professionals, Fraud Prevention and Investigation Specialists, Chief Compliance Officers,  Anti-Bribey and Corruption Officers, Financial Crime Risk Managers, etc. These professionals earn handsome salaries by serving their organizations and institutions.

This course is designed to provide you with a sound understanding and knowledge about the Anti-Financial Crime Compliance Framework and Working methodologies, which institutions and companies adopt to ensure compliance with regulatory requirements and prevent different financial crimes.

What Will You Learn In This Course?

This course is divided into different key sections. We will cover practical examples and scenarios in this course to understand the key concepts and areas under Anti-Financial Crime Compliance.  You will learn key topics and concepts including:

– Financial Crimes, Its Different Fiorms, and Causes with examples,

– Digital Financial Crimes and related Examples,

– Institutions Exposed to Crimes,

– Different Designations of Compliance Professionals working in Anti-Financial Crime Compliance domains,

– Key roles of Compliance Professionals working in Anti-Financial Crime Compliance domains,

– Anti-Financial Crime Compliance, and its key Program Components,

– Financial Crimes Prevention General and Specific Measures and Controls;

– Risks Based Approach RBA, to assess and manage financial crime risks, including fraud, money laundering, terrorist financing, identity fraud, etc.,

Practical Scenarios to discuss, Risk Assessments

– Examples of ”Normal” Customer Risk Assessment and Risk Rating;

– Examples of ”Low-Level” Customer Risk Assessment and Risk Rating, including discussion of Due Diligence, Transaction, Geography, related Risk factors,

– Examples of ”High-Level” Customer Risk Assessment and Risk Rating, including discussion of Enhanced due diligence, Geography, PEP, Channel, and Transaction Risk factors for Risk Scoring,

Understanding through practical scenarios, ‘How Financial Crime Compliance Teams Think during Performance of Risk Assessments and Reviews

– Anti-Financial Crime Compliance Governance Model

– Structure and Hierarchy of Anti-Financial Crime Compliance Committee AFCC,

– Three Lines of Defense for Anti-Financial Crime Compliance,

– Roles of Anti-Financial Crime Compliance Committee AFCC,

– Case Studies on Anti-Financial Crime Compliance, etc.

QUIZ SECTIONS – To Test Your AML / CFT Knowledge:

2 Quizzes are added to test your understanding and knowledge gained through this course.

How Will You Benefit From This Course?

By attending this course you will:

– get insights into various financial crimes, and their prevention measures through effective Anti-Financial Crime Compliance working strategies.

– able to understand and apply the knowledge, to perform financial crime risk assessments, for various categories, including customer, product, and channel risk assessments.

– implement financial crime risk prevention measures.

– be able to confidently talk on Anti-Financial Crime Compliance requirements, with other fellow Compliance, Risk Management, Internal Controls, Compliance and Risk Consultants, and Auditors.

– be able to work in consultancy firms in their compliance functions

– get lifetime access and a certificate of completion of this course

Who Should Attend This Course:

Bankers, Investment Bankers, Leasing professionals, Brokers, Stock Market Professionals, Crypto exchange Compliance Professionals,

Operational Risk Management Professionals, Enterprise Risk Managers,

Auditors and Controls Professionals,

Fraud Prevention and Investigation Professionals, Fraud Risk Management Professionals,

Financial Intelligence Unit FIU professionals,

Compliance professionals, AML / CFT Professionals, AML Analysts,

Business and Companies Owners

Branch Managers / Operations Managers,

Governance, Risk, and Compliance GRC Students, such as CAMS students, Audit students, Finance Students, Risk Management students, etc who want to learn more about this important area.

Who this course is for:

• Anti-Financial Crime Compliance Professionals, Compliance Professionals, Chief Compliance Officer CCO, Compliance Analysts,
• Compliance Investigation Officers, Anti-Money Laundering AML Compliance Officers, KYC Compliance Officers, MLROs, Deputy MLROs
• Risk Management Professionals, Operational Risk Managers, Enterprise Risk Management Professionals
• Anti-Fraud Professionals, Fraud Prevention Officers, Fraud Investigation Officers
• Anti-Bribery and Anti-Corruption Compliance Professionals,
• Internal Auditors, Internal Controls Professionals,
• Business Owners, Technology Business Consultants