European Institute of Management and Finance | Anatomy of Financial Crime: Case Study Refresher Series
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Anatomy of Financial Crime: Case Study Refresher Series

 

The EIMF Live Online Learning Experience

 

EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more

 

 

Course Overview

 

Regulatory requirements require financial crime compliance to maintain an ongoing awareness of financial crime (FC) tactics and typologies to which their businesses may be exposed.

 

This 4- part course series will examine in closer details recent cases, breaking down the:

  • Nature of the crimes committed
  • Types of financial services involved
  • Tactics used to conceal the activities of illicit actors
  • Method used to evade detection by compliance controls
  • Lessons learnt and how to mitigate the risk to your own organisation

 

Looking records, KYC data and transaction information, the series is an excellent refresher for experienced FC prevention professionals and introduction to better understanding the topic for those interested in a career in this area.

 

The course is intended to compliment other courses that may provide in-depth training (ACAMS or ICA) and contribute to the fulfilment of ongoing CPD obligations.

 

 

Training Objectives

 

By the end of the programme, participants will be able to:

  • Identify new and emerging FC risks to which their business may be exposed
  • Assess whether existing compliance controls can detect and prevent these new FC risks
  • Formulate a strategy to raise awareness across your organisation about the FC risks reviewed

 

 

Training Outline

 

The programme comprises 1.25 hour sessions, each covering two (2) case studies or one complex case covering different types of financial crime.

 

Case Study Lab 1: Taking it Offshore: Misuse of International Finance Centres

Case Study Lab 2: Virtual crime: On-line business, merchants and card misuse

Case Study lab 3: Wolf in Sheep’s Clothing: Mimicry of legitimate financial service businesses

Case Study Lab 4: Love, Trade and Trust:  Intersection between fraud and money laundering

 

Each Session will include:

  • Introduction
  • Detailed analysis of the:
    • Nature of the crimes committed
    • Types of financial services involved
    • Tactics used to conceal the activities of illicit actors
    • Method used to evade detection by compliance controls
    • Lessons learnt and how to mitigate the risk to your own organisation
  • Interactive question and answer points
  • Closing Observations

 

 

Training Style

 

The programme is designed to deliver knowledge and enhance participants’ skills via short lectures, case-studies and practical examples. Participants will also benefit from feedback at the end of the programme and take away the knowledge gained to be transferred to their workplace. The live online method of presentation will allow for interaction with the trainer in real time and allow for questions to be posed by participants during the sessions.

 

 

CPD Recognition

 

This programme may be approved for up to 5 CPD units in AML and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

 

Professionals requiring CPD units to meet the education requirements for CySEC licence renewal, and/or for maintaining other professional memberships/certifications which accept CPD in AML and Financial Regulation, are advised to consider training subjects in categories that indicate CPD training in AML and CPD training in Financial Regulation.

 

The Association of Anti-Money Laundering Specialists (ACAMS) has confirmed that this programme is accredited for 5 CAMS Credits. Participation in this course does not substitute the requirement to earn (12) ACAMS credits through ACAMS produced training for CAMS recertification.

 

 

Who Should Attend

 

The programme is ideal for:

  • Front line staff responsible for customer onboarding
  • Members of anti-FC compliance teams
  • Managers and supervisors of anti-FC compliance teams
  • MLROs and Compliance Officers
  • Members of transaction monitoring and investigation teams
  • Chartered and accredited accountants
  • In-house legal counsel / solicitors
  • Internal Auditors responsible for FC audits
  • External Auditors, solicitors and professional consultants