Key Details

Duration: 2 Days

Delivery method: In-house

Overview

Financial crime continues to dominate both regulators and financial institutions. The growing size and frequency of fines relating to financial crime mean that for financial service businesses, the control and management of financial crime risk is at the top of the compliance agenda. However, in order to manage such risks...

Financial crime continues to dominate both regulators and financial institutions. The growing size and frequency of fines relating to financial crime mean that for financial service businesses, the control and management of financial crime risk is at the top of the compliance agenda. However, in order to manage such risks effectively, compliance staff have to process and understand a bewildering range of laws, regulations and rules and the challenge to implement and monitor these has never been greater for compliance functions.

This Anti-Money Laundering (AML) and Financial Crime Compliance (FCC) Graduate Programme provides an induction for new AML/Compliance staff. The focus is on the practical sides of managing Financial Crime Compliance risk, with an emphasis on acquiring and applying knowledge in realistic scenarios that mirror real life Financial Crime Compliance experiences.

At the end of the programme, participants will sit a multiple choice and short answer test to solidify their knowledge, and confirm their understanding.


Who is this for?

This programme is appropriate for:

  • First or second year Anti-Money Laundering (AML)/Financial Crime Compliance (FCC) staff who are looking to expand their knowledge
  • Individuals who wish to move into AML/FCC, with or without prior compliance experience
  • Individuals requiring a refresher in AML/FCC

Introduction to Financial Crime

  • Why Financial Crime Compliance matters
  • The underlying rules and regulations
  • Compliance roles and responsibilities
  • Conduct

Introduction to Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)

  • How money laundering works
  • Typical examples and red flags
  • Case studies
  • The control cycle

Introduction to Risk methodology and Assessment

  • Why risk matters
  • Risk factors including geography, product and industry
  • Key characteristics of a risk assessment

Introduction to Onboarding Clients

  • The Client Due Diligence (CDD) process overview
  • Getting to Know Your Customer (KYC)
  • PEPS
  • Unwrapping
  • Screening: sanctions and negative news

Introduction to Client Monitoring

  • KYC reviews
  • Transaction monitoring

Introduction to Suspicious Activities

  • Types of suspicious activities
  • Reporting

Introduction to Anti-bribery and Corruption

  • Social impact of bribery
  • Rules and regulations
  • Case studies
  • Red flags

Introduction to Sanctions

  • Rules and regulations
  • Case studies
  • Red flags
  • The control cycle

At an appropriate level you will be able to:

  • Explain the importance of effective Financial Crime Compliance
  • Apply a compliance review and assessment of customer onboarding
  • Assess the quality and implementation of a client risk assessment
  • Review and assess the outcomes of compliance monitoring
  • Identify, investigate, escalate and report behaviour that is suspicious
  • Explain the key issues relating to anti-bribery and corruption and advise on individual cases
  • Explain the key issues relating to sanctions and advise on individual cases