Financial crime and money laundering have become the biggest challenges in today’s banking. Banks and financial institutions are in continuous threat of gangs attempting to get access to millions of bank customers’ accounts, and the Bank itself. Good knowledge and skills to combat financial crime and money laundering are very important, as the techniques employed are becoming more and more engineered with different variants in order to succeed in their goal of defrauding financial institutions and their customers.
At the end of the course delegates will be able to:
- Understanding what financial crime is and how it works
- Developing the skills, techniques and practices used in the identification of possible cases of financial crime
- Understanding the regulations around financial crime and money laundering
- Creating a range of skills, techniques and practices that can be used within the procedures to combat financial crime
- Understanding what money laundering is and the different schemes used
- Identifying suspicious transactions and what steps to take
- When and how to report a suspicious transaction
- How to implement a money laundering policy
- The nature, types and consequences of financial crime
- Legislation on crimes in financial markets and systems
- Interpol and the FATF
- What is forgery and counterfeit money and the origin of money laundering
- Forgeries used to defraud financial institutions
- Risks and consequences of theft
- Identity theft in financial institutions
- Fraud – preconditions and types
- Responsibility for fraud prevention and detection
- Rational for technology-based crime
- Hacking, Malware, Phishing, Pharming
- The money laundering process
- Anti-money laundering legislations
- Money laundering schemes
- The reporting procedure – function of the MLRO
- Money laundering awareness and training
Our mission is the development of potentials in individuals and organizations in emerging economies. We believe that economies develop when entities within it are performing to their highest potential.
People matter to us. We are committed to understanding our clients so that we can serve them better. Our ultimate goal is to foster mutually beneficial longterm relationships with each of our clients that is built on trust.
Our faculty members are experts within their fields, and are supported by a network of dynamic back-office staff. We actively encourage collaboration and knowledge sharing, recognizing that winning ideas come from collaborative thinking. With the wealth of knowledge within our teams and our collaborative ethos, we create an atmosphere that is conducive to learning for all our delegates.