European Institute of Management and Finance | Understanding and Managing Emerging Financial Crime, Bribery and Corruption Risks
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Understanding and Managing Emerging Financial Crime, Bribery and Corruption Risks

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Understanding and Managing Emerging Financial Crime, Bribery and Corruption Risks

 

This training is designed to provide participants with a deeper understanding of the core concepts, regulatory requirements and practical guidance for managing financial crime risk, bribery and corruption as they relate to their functions and organisations.

 

The course will cover emerging financial crime, bribery and corruption risks globally, including growing global risks in money laundering, terrorist financing, anti-bribery and corruption and sanctions. The course will also cover key requirements for firms to address in their control frameworks for management of these risks.

 

 

Training Objectives

 

This training will help participants better understand how to manage financial crime, bribery and corruption risks within their own organisations.  By the end of the programme, participants will develop a good understanding of the core concepts of financial crime, bribery and corruption risks including:

 

  • Emerging financial crime risks globally including money laundering, terrorist financing, anti-bribery and corruption and sanctions risks
  • Emerging bribery and corruption risks
  • The impact of financial crime, bribery and corruption risks on society
  • Regulatory changes affecting the management of financial crime, bribery and corruption risks
  • Regulators’ approach to supervision
  • The difference between the roles and responsibilities of the 1st and 2nd lines of defence
  • The roles and responsibilities of senior management in managing financial crime risk
  • How to develop anti-money laundering and sanctions control frameworks
  • How to perform risk assessments and measure risk appetite using management information
  • Examples of regulatory enforcement cases
  • Effective Gifts and Entertainment Policy
  • Dealing with difficult situations relating to bribery and corruption
  • Managing third party risk

 

 

Training Outline

 

Emerging financial crime risks – globally

  • Examples of recent events affecting financial services covering:
    • Money laundering
    • Terrorist financing
    • Anti-bribery and corruption
    • Sanctions
  • Impact of these risks on society
  • Reasons why people commit financial crime

 

Emerging bribery and corruption risks

  • Examples of recent events affecting financial services firms
  • Impact of these risks on society

 

Regulatory changes affecting management of financial crime risk

  • Risk assessments
  • Regulators approach to supervision globally
  • Anti-money laundering and sanctions control frameworks

 

Regulatory changes affecting management of bribery and corruption risk

  • Extraterritorial legislation
  • Offences and penalties
  • Examples of regulatory enforcement cases

 

Roles and responsibilities

  • Roles and responsibilities across 1st and 2nd lines of defense
  • Role of senior management

 

Risk appetite

 

Bribery and corruption controls

  • Risk assessment
  • Control frameworks
  • Management information

 

Gifts and entertainment

  • PEPs, charitable and political donations
  • Dealing with difficult situations
  • Dealing with third parties

 

Case studies

 

 

Training Style

 

The programme is designed to deliver knowledge and enhance participants’ skills via short lectures and live practical examples that will deepen their knowledge and understanding. Furthermore, the use of interactive case studies will help participants to think critically about scenarios that will be relevant to their respective roles and organisations.

 

 

Who Should Attend

 

The programme is ideal for:

 

  • Compliance practitioners
  • MLRO’s
  • Heads of Risk and Compliance
  • Heads of internal audit
  • Heads of business functions
  • Procurement and HR
  • Senior managers
  • Directors