FINANCIAL CRIME PREVENTION: DEVELOPING EFFECTIVE CONTROLS & SYSTEMS

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Who should attend this course?

This course is an advanced level course for which the target audience is operational staff and senior/middle managers at organisations and financial institutions, MLROs, compliance officers, risk management professionals, the staff of law enforcement agencies, policymakers, regulators, consultants and senior practitioners.

Introduction

Recent studies argue that adopting a coordinated and integrated approach to the detection and prevention of financial crime may prove to be more effective than adopting a disjointed approach that deals with financial crimes separately. A unified or ‘converged’ approach will allow financial institutions to be more efficient and effective in improving their results by enhancing collaborations among diverse employees, allowing the more effective utilisation of available information and intelligence, and in ensuring compliance.

A deep examination of the way financial crimes are dealt with by business organisations, including financial institutions, clearly justifies the adoption of the concept of ‘convergence’. However, in order to adopt a unified or centralised approach toward combating financial crime, it is necessary to understand and appreciate the commonalities between the different components of the term ‘financial crimes’, i.e. money laundering, bribery, corruption, fraud, sanctions, tax evasion and related crimes.

This course aims to enhance participants’ knowledge and skills in identifying the common elements of different financial crimes, effectively analyse the different financial risks facing their institution, and thereby design and implement a centralised compliance programme to effectively combat the occurrence of financial crimes within their institution. 

Course Objectives 

At the end of this course, participants will be able to: 

  • Understand the commonalities between different financial crimes; 
  • Distinguish between traditional and ‘converged’ compliance programmes and better understand their effectiveness; 
  • Assess the risks facing their institution and analyse the effectiveness of their current controls and systems; 
  • Design and implement a centralised compliance programme; and 
  • Identify the essential elements to develop the accompanying structure of a centralised compliance programme. 
What will be covered in the course? 
  • Discussion of different components of financial crimes to assess their commonalities; 
  • An overview of an organisation’s financial control functions; 
  • Essential elements of a centralised compliance programme; and 
  • Strategy to design and effectively implement a centralised compliance programme 

 Duration : ONE Day Course (9:00am-5:00pm)

Speaker       Dr. Ramandeep                           Chhiina

Cost              GBP 1475 +VAT                           Per 20 Delegates 

Level            Intermediate

Venue          Onsite Training

Date             As Agreed

Duration       ONE Day Course 

Timings        9:00am-5:00pm

Course Code FLE 007    

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