Financial Crime Risk Management
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
• The Concept of Money Laundering and Terrorist Financing
• Stages of Money Laundering
• Role of International Agencies
• Predicate Offences in Financial Crime
• Financial Firms and Crime
• Misstatement of Financial Circumstances
• Tax Evasion and Tax Avoidance
• Dual Criminality, Extradition and Mutual Legal Assistance
Part 2: Practical Implications
• Impact of Financial Crime on Firms
• Direct Impacts of Financial Crime
• Firms’ Responsibilities for Financial Crime Prevention
• Anti-Money Laundering (AML)
• Combating Financial Crime (CFC)
• Identifying Money Laundering
• Prevention of Money Laundering
• Sanctions Checking and Politically Exposed Persons (PEPs)
• Part 3: Policies, Procedures and Controls Required of Firms
• The Risks Posed to a Firm
• Understanding the Controls
• Effective Training
• Effective Suspicious Activity or Transaction Reporting
This course may take up to 3 hours to be completed. However, actual study time differs as each learner uses their own training pace.
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:
• Compliance professionals
• Corporate executives (including CEOs and CFOs)
• Senior managers
• Risk executives
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 the Get this course 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, please Contact us here. Talk to us for our special Corporate Group rates.
This programme has been developed by the 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.
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