Key Details

Duration: 3 days

Delivery method: In-house

Overview

Anti-Money Laundering and other Financial Crime issues tend to be amongst the most difficult facing a senior Compliance Officer, who needs to be seen to support the business in key decision-making, whilst ensuring that the firm’s reputation and regulatory risk are managed appropriately. This does not always mean agreeing with...

Anti-Money Laundering and other Financial Crime issues tend to be amongst the most difficult facing a senior Compliance Officer, who needs to be seen to support the business in key decision-making, whilst ensuring that the firm’s reputation and regulatory risk are managed appropriately. This does not always mean agreeing with business management, but it involves knowing the rules, the markets, products and transactions as well as being able to develop the ability to make swift recommendations based on a robust, reasoned argument.

This module will demonstrate techniques for developing or enhancing such an approach within the context of realistic business scenarios. The module assumes that participants already have a basic knowledge of the topics covered and focuses on their advanced application. Participants will be assessed on their overall contribution to this module, with particular focus on the development of the risk assessments.

This course can be taken as a stand-alone module or as part of the Diploma in Compliance Leadership. The Diploma programme has been developed by CCL Academy in association with the ICMA Centre, Henley Business School, University of Reading.

Who is this for?

This programme is aimed at Heads of Compliance/Financial Crime Compliance (FCC) and senior Compliance/FCC staff with a minimum of 4 years of relevant experience.

Anti-Money Laundering and CTF Issues

  • The more challenging AML issues facing a Senior Compliance Officer
  • Advantages and disadvantages of having AML and Compliance under the same reporting line
  • Techniques for grey areas of AML Compliance and how to work with management to achieve consensus
  • Commercial pressures managers face in addressing AML issues
  • Real case studies
  • Group discussion - how you would advise management on a particular business initiative involving high AML risk
  • Developing an AML risk assessment and presenting your findings to management.

Fraud Prevention

  • The impact of fraud on an institution
  • How fraud can arise
  • Controls against fraud
  • Can you monitor to detect fraud?
  • The importance of whistleblowing procedures
  • Developing a fraud risk assessment

Anti-Bribery and Corruption

  • How to assess your bribery and corruption risk
  • The importance of your Code of Ethics
  • Controls over suppliers – to centralise or not to centralise?
  • Gifts, entertainment and conflicts registers
  • What to do in difficult jurisdictions – case studies
  • How to develop an ABC risk assessment

After attending this course, participants will be able to:

  • Conduct a robust Financial Crime Risk Assessment
  • Develop a Compliance Programme to combat Financial Crime
  • Address with senior management the key compliance issues surrounding Fraud, Bribery and Corruption