Course Details
Course Outline
5 days course
Intrudction to Anti-Financial Crime (AFC) compliance
-
What is Anti-Financial Crime (AFC) compliance?
-
Review financial crimes including bribery and corruption, cybercrime, fraud, market abuse, money laundering, sanctions, terrorist financing, and weapons proliferation
Review of the international AFC compliance regime for financial services firms
-
Responsibilities of regulators, firms, senior management and staff
-
Should firms be doing more to combat financial crime?
-
What is your firm’s AFC strategy?
-
What are the financial crime risks in achieving your firm’s commercial ambitions?
Role and responsibilities of the AFC Compliance Function
-
Being an AFC Compliance Officer/Money Laundering Reporting Officer (MLRO)
-
Working with senior management, business lines, control functions, and regulators
Risk identification, measurement, assessment and management
-
Are you complying?
-
Maintaining policies and procedures, systems and controls: best practices
-
The importance of keeping good records
Customer due diligence – do you really know your client?
-
Suspicion reporting – what should you report? – when should you be suspicious?
-
Are human beings your weakest link? Delivering effective training and awareness
-
Challenges of investigations, enforcement and litigation
-
Programme will include many casestudies reviewing lessons to be learnt from enforcement actions, and many typologies.
