Fundamentals Of Anti Financial Crime Compliance Governance

Anti-Financial Crime Compliance, Risks Identification, Detection, Prevention, Monitoring, Governance, Cases, Examples

What you’ll learn
Learn Financial Crime, Different Types of Financial Crimes, and Key Reasons of their Occurrence
Examples of different Financial Crimes, including Money Laundering, Bribery, Corruption, Embezzlement, Fraud, Insider Trading, Card Fraud, etc.
Learn about Institutions Exposed to Financial Crimes
Learn Emerging Digital Financial Crimes, faced by Institutions to prevent and manage risks
Examples to understand causes of Financial Crimes to prevent their occurrences
Learn Anti-Financial Crime Compliance, AFCC, Program Components, etc
Learn about Anti-Financial Crime Risk Assessment, How It Is Performed
Learn about Customer, Products and Channel risk Assessments from Anti-Financial Crime perspective
Learn about Practical Scenarios and examples to assess and prevent Financial Crimes
Learn Anti-Financial Crime Governance Structure
Learn Anti-Financial Crime – Three Lines of Defense Model
Learn Anti-Financial Crime Compliance Governance Hierarchy in an Institution
Scenarios to learn how Financial Crime Compliance Teams think during various risk scenarios, assessment and investigations
Learn Financial Crime Prevention Measures, to strengthen the systems and operations against possible financial crimes

Requirements
Basic Knowledge and Understanding of Compliance and Risk Management

Description
Prevention of Financial Crimes is becoming a challenge for the World Financial System, and Institutions. Financial Institutions such as banks, financial technology companies Fin-Techs, payment gateways, e-commerce companies, money service companies (MSBs), exchange companies, and similar regulated institutions are more exposed to financial crimes. These types of institutions spend millions of dollars to develop and maintain the Anti-Financial Crime Compliance Working Model, Frameworks, and Systems. Other businesses including real estate, dealers of precious metals or Jewelry, accountants, etc are also required to understand and implement the relevant processes and systems to prevent financial crime incidents and related risks. Why This Course?Institutions around the world, especially financial services and technology companies, are required to implement the Anti-Financial Crime Compliance frameworks, focussing on applicable laws, regulatory requirements, covering key financial crimes, with emerging risks and trends. The purpose is to make sure that financial systems, digital channels, and data are not misused or compromised for financial crimes by criminals, such as fraudsters, money launderers. tax evaders, etc. Regulators do inspections and impose heavy penalties on companies and businesses that do not comply with the anti-financial crime compliance requirements and implement appropriate frameworks and systems to prevent financial crimes. Imposition of penalties results in financial, legal, and reputational losses. International organizations, such as the Financial Action Task Force (FATF), issue recommendations and guidance, for its member countries, and institutions to strengthen frameworks to prevent financial crimes, especially money laundering, and terrorist financing. Due to the importance of this topic, the demands of Financial Crime Compliance Professionals have increased many folds, especially AML/CFT professionals, Fraud Prevention and Investigation Specialists, Chief Compliance Officers, Anti-Bribey and Corruption Officers, Financial Crime Risk Managers, etc. These professionals earn handsome salaries by serving their organizations and institutions. This course is designed to provide you with a sound understanding and knowledge about the Anti-Financial Crime Compliance Framework and Working methodologies, which institutions and companies adopt to ensure compliance with regulatory requirements and prevent different financial crimes. What Will You Learn In This Course?This course is divided into different key sections. We will cover practical examples and scenarios in this course to understand the key concepts and areas under Anti-Financial Crime Compliance. You will learn key topics and concepts including:- Financial Crimes, Its Different Fiorms, and Causes with examples, – Digital Financial Crimes and related Examples,- Institutions Exposed to Crimes, – Different Designations of Compliance Professionals working in Anti-Financial Crime Compliance domains, – Key roles of Compliance Professionals working in Anti-Financial Crime Compliance domains,- Anti-Financial Crime Compliance, and its key Program Components,- Financial Crimes Prevention General and Specific Measures and Controls; – Risks Based Approach RBA, to assess and manage financial crime risks, including fraud, money laundering, terrorist financing, identity fraud, etc.,Practical Scenarios to discuss, Risk Assessments – Examples of ”Normal” Customer Risk Assessment and Risk Rating;- Examples of ”Low-Level” Customer Risk Assessment and Risk Rating, including discussion of Due Diligence, Transaction, Geography, related Risk factors,- Examples of ”High-Level” Customer Risk Assessment and Risk Rating, including discussion of Enhanced due diligence, Geography, PEP, Channel, and Transaction Risk factors for Risk Scoring,Understanding through practical scenarios, ‘How Financial Crime Compliance Teams Think during Performance of Risk Assessments and Reviews- Anti-Financial Crime Compliance Governance Model – Structure and Hierarchy of Anti-Financial Crime Compliance Committee AFCC,- Three Lines of Defense for Anti-Financial Crime Compliance,- Roles of Anti-Financial Crime Compliance Committee AFCC,- Case Studies on Anti-Financial Crime Compliance, etc.QUIZ SECTIONS – To Test Your AML / CFT Knowledge:2 Quizzes are added to test your understanding and knowledge gained through this course.How Will You Benefit From This Course?By attending this course you will:- get insights into various financial crimes, and their prevention measures through effective Anti-Financial Crime Compliance working strategies.- able to understand and apply the knowledge, to perform financial crime risk assessments, for various categories, including customer, product, and channel risk assessments.- implement financial crime risk prevention measures.- be able to confidently talk on Anti-Financial Crime Compliance requirements, with other fellow Compliance, Risk Management, Internal Controls, Compliance and Risk Consultants, and Auditors. – be able to work in consultancy firms in their compliance functions- get lifetime access and a certificate of completion of this course Who Should Attend This Course:Bankers, Investment Bankers, Leasing professionals, Brokers, Stock Market Professionals, Crypto exchange Compliance Professionals,Operational Risk Management Professionals, Enterprise Risk Managers, Auditors and Controls Professionals, Fraud Prevention and Investigation Professionals, Fraud Risk Management Professionals, Financial Intelligence Unit FIU professionals, Compliance professionals, AML / CFT Professionals, AML Analysts,Business and Companies OwnersBranch Managers / Operations Managers, Governance, Risk, and Compliance GRC Students, such as CAMS students, Audit students, Finance Students, Risk Management students, etc who want to learn more about this important area.

Overview
Section 1: Introduction

Lecture 1 Introduction and Course Topics

Lecture 2 2. Importance Anti-Financial Crime Compliance Course

Section 2: Understanding Different Financial Crimes, Causes and Who May Be Involved

Lecture 3 3. What is a Financial Crime

Lecture 4 4. Different Types of Financial Crimes

Lecture 5 5. Who May Commit Different Financial Crimes

Section 3: Major Financial Crimes Faced by Institutions and Should Be Prevented

Lecture 6 6. Fraud and Money Laundering Financial Crimes with Examples.

Lecture 7 7. Scenario Example 1 of Money Laundering

Lecture 8 8. Scenario Example 2 of Money Laundering

Lecture 9 9. Embezzlement Bribery and Corruption Crimes with Examples

Lecture 10 10. Tax Evasion and Insdier Dealings with Examples

Lecture 11 11. Trade Based Money Laundering TBML with Example

Section 4: Institutions and Organizations Exposed to Financial Crimes

Lecture 12 12. Organizations and Institutions Exposed to Financial Crimes

Section 5: 7 Major Reasons of Financial Crimes

Lecture 13 13. Reasons of Occurrence of Financial Crimes Reasons 1 and 2

Lecture 14 14. Reasons of Occurrence of Financial Crimes Reason 3

Lecture 15 15. Reasons of Occurrence of Financial Crimes Reasons 4 and 5

Lecture 16 16. Reasons of Occurrence of Financial Crimes Reasons 6 and 7

Section 6: 17. Different Designations of Anti-Financial Crime Compliance Professionals

Lecture 17 Different Job Designations of Anti-Financial Crime Compliance Professionals

Section 7: General Financial Crime Prevention Measures and Controls

Lecture 18 General Financial Crime Prevention Measures and Controls

Section 8: Emerging Digital Financial Crimes

Lecture 19 19. Emerging Digital Financial Crimes – Synthetic Identity Fraud and Prevention

Lecture 20 19.1 Emerging Digital Financial Crimes – Account Take Over and Prevention

Lecture 21 19.2 Emerging Digital Financial Crimes – Ransomware Attack and Prevention

Lecture 22 19.3 Digital Financial Crime – Business Email Compromise BEC and Prevention

Lecture 23 19.4 Digital Financial Crime – Deep Fake and Prevention Controls

Lecture 24 19.5 Digital Financial Crime – Card Not Present CNP Fraud and Prevention Control

Lecture 25 19.6 Digital Financial Crimes – Smishing and Vishing and Prevention Controls

Section 9: Anti-Financial Crime Compliance Measures

Lecture 26 Anti Financial Crime Compliance Program and Its Purpose

Lecture 27 Components of Anti Financial Crime Compliance Program

Section 10: Detection of Financial Crimes with Examples

Lecture 28 18. Example Fraud Detection by Fraud and Compliance Team in a Business Account

Lecture 29 18.1 Example of Identification of Data Access Crime Attempt

Lecture 30 18.2 Example of Identification of Bribery and Corruption

Section 11: Prevention Measures and Controls for Financial Crimes Avoidance with Examples

Lecture 31 20.1 Fraud Crime Prevention Measures and Controls

Lecture 32 20.2 Data and Information Security Breaches Prevention Measures and Controls

Lecture 33 20.3 Bribery and Corruption Prevention Measures and Controls

Section 12: Financial Crimes Risk Assessment

Lecture 34 Performing Financial Crime Risk Assessments

Lecture 35 Understanding Risk based Approach to Anti-Financial Crime Compliance Hierarchy

Lecture 36 Component 1 of Risk Based Approach ‘Risk Identification’

Lecture 37 Understand How Compliance Risks are Identified, Written and Mapped with Controls

Lecture 38 Component 2 of Risk Based Approach – ‘Risk Assessment and Risk Level Scoring’

Lecture 39 Component 3 of Risk Based Approach – ‘Risk Mitigation Controls’

Lecture 40 Component 4th Component of Risk Based Approach – ‘Risk Reviews’

Lecture 41 Component 5 of Risk Based Approach ‘Monitoring Controls Effectiveness’

Lecture 42 Example of Risk Assessments

Lecture 43 Scenario Example – Risk Assessment ‘Low and High Risk Customers’ Risk Assessment

Lecture 44 Example 1 of Risk Assessment – ‘Low Risk Customer Assessment Case’

Lecture 45 Example 2 of Risk Assessment – ‘High Risk Customer Assessment Case’

Section 13: Anti-Financial Crime Governance Model

Lecture 46 Anti-Financial Crime – Governance and Compliance Committee Structure

Lecture 47 Anti-Financial Crime – Three Lines of Defense Model

Lecture 48 Roles of Anti Financial Crime Compliance Management Committee AFCCMC

Lecture 49 Anti Financial Crime Compliance Management Committee AFCCMC Structure

Section 14: Multiple Choice Questions

Anti-Financial Crime Compliance Professionals, Compliance Professionals, Chief Compliance Officer CCO, Compliance Analysts,,Compliance Investigation Officers, Anti-Money Laundering AML Compliance Officers, KYC Compliance Officers, MLROs, Deputy MLROs,Risk Management Professionals, Operational Risk Managers, Enterprise Risk Management Professionals,Anti-Fraud Professionals, Fraud Prevention Officers, Fraud Investigation Officers,Anti-Bribery and Anti-Corruption Compliance Professionals,,Internal Auditors, Internal Controls Professionals,,Business Owners, Technology Business Consultants

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