Financial Crime Risk Management
This interactive and engaging programme aims to help participants understand the financial crime regulatory framework; and develop a comprehension on the management of financial crime risks.
- 3 CPD Units
- 3 Hours
- All Levels
Financial crime is a well-known and widespread problem that impacts brand value and reputation, goodwill, and revenue of many organizations. In addition to the risk of losses from financial crime itself, companies also face spiraling costs in related areas.
Of the many vulnerabilities and threats to the financial services sector, financial crime risk has emerged as a pervasive, yet widely misunderstood category of risk. As consumers, governments, and the financial industry have gained familiarity with various forms of financial crime, financial services organizations have seen that the underlying risk of financial crimes not only includes the direct action taken by criminals, but also includes the impact of deterrence, detection, and resolution on the organization and its customers. Financial services organizations have the difficult task of effectively identifying the greatest risks to themselves and to their customers, protecting both parties against unnecessary risks and satisfying regulatory requirements for greater transparency, awareness, and consolidation of information across the organization. This interactive and engaging programme aims to help participants understand the financial crime regulatory framework; and develop a comprehension on the management of financial crime risks.
Part 1: Money Laundering, Terrorist Financing and the Standards Required of Firms
โข The Concept of Money Laundering and Terrorist Financing
โข Stages of Money Laundering
โข Role of International Agencies
โข Predicate Offences in Financial Crime
โข Financial Firms and Crime
โข Misstatement of Financial Circumstances
โข Tax Evasion and Tax Avoidance
โข Dual Criminality, Extradition and Mutual Legal Assistance
Part 2: Practical Implications
โข Impact of Financial Crime on Firms
โข Direct Impacts of Financial Crime
โข Firmsโ Responsibilities for Financial Crime Prevention
โข Anti-Money Laundering (AML)
โข Combating Financial Crime (CFC)
โข Identifying Money Laundering
โข Prevention of Money Laundering
โข Sanctions Checking and Politically Exposed Persons (PEPs)
โข Part 3: Policies, Procedures and Controls Required of Firms
โข The Risks Posed to a Firm
โข Understanding the Controls
โข Effective Training
โข Effective Suspicious Activity or Transaction Reporting
Training Duration
This course may take up to 3 hours to be completed. However, actual study time differs as each learner uses their own training pace.
Participants
This course is ideal for anyone wishing to know more about Financial Crime Risk Management, and the regulatory requirements for investment firms, insurance and banking institutions. It is also suitable to professionals pursuing regulatory CPD in Financial Regulation. It will be particularly suitable to:
โข Compliance professionals
โข Consultants
โข Corporate executives (including CEOs and CFOs)
โข Senior managers
โข Risk executives
โข Directors
โข MLROs
Training Method
The course is offered fully online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop and resume their training at any time.
At the end of each session, participants take a Quiz to complete their learning unit and earn a Certificate of Completion once all quizzes have been passed successfully.
Registration and Access
To register to this course, click on theย Get this courseย button to pay online and receive your access instantly. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.
Access to the course is valid for 180 days.
If you wish to receive an invoice instead of paying online, pleaseย Contact us here. Talk to us for our special Corporate Group rates.
This programme has been developed by theย European Institute of Management & Finance (EIMF), a leading and recognised European training institution.
The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for 3 CPD Units that require CPD training in financial regulation. The course may be also approved for up to 3 CPD Units by institutions that approve general financial training, such as the CISI, ICA, and ACAMS.
Eligibility criteria and CPD Units are verified directly by your association or other bodies in which you hold membership.
What People Say About EIMF
EIMF offered tools, knowledge, and practical experienceโฆno books can accomplish this!
EIMF is a great training provider, pursuing and excelling in the investment services industry
I now see that my behaviour was affecting the actions and dedication of my teamโฆthank you for making me see things that I never thought about before!! Course was amazing!
For us itโs vital to invest in the professional development for our staff. EIMF makes sure our investment is effective, and our people are able to realise their full potential.
High-quality content and very enjoyable learning experience. At EIMF courses are delivered in a very informative and engaging way and are beneficial for anyone who works within the financial services, accounting and compliance sectors.
We know our most valuable advantage is our people! Our success as an organisation is dependent on fully realising the potential of our people. Working with EIMF means we are able to achieve that in the most efficient and effective way.
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