Overview

Anti-Money Laundering and other Financial Crime issues tend to be amongst the most difficult facing a senior Compliance Officer, who needs to be seen to support the business in key decision-making, whilst ensuring that the firm’s reputation and regulatory risk are managed appropriately. This does not always mean agreeing with...

Anti-Money Laundering and other Financial Crime issues tend to be amongst the most difficult facing a senior Compliance Officer, who needs to be seen to support the business in key decision-making, whilst ensuring that the firm’s reputation and regulatory risk are managed appropriately. This does not always mean agreeing with business management, but it involves knowing the rules, the markets, products and transactions and being able to develop the ability to make swift recommendations based on a robust, reasoned argument.

This module will demonstrate techniques for developing or enhancing such an approach within the context of realistic business scenarios. The module assumes that participants already have a basic knowledge of the topics covered and focuses on their advanced application.

This course can be taken as a stand-alone module or as part of the Advanced Diploma in Compliance & Financial Crime. The Diploma programme has been developed by CCL Academy in association with the ICMA Centre, Henley Business School, University of Reading.

Who is this for?

Senior Compliance & AML Staff who already have a number of years experience in a Compliance, AML or Regulatory function.

Anti-Money Laundering and CTF Issues

  • The more challenging AML issues facing a senior compliance professional
  • Advantages and disadvantages of having AML and Compliance under the same reporting line
  • Techniques for the grey areas of AML Compliance and how to work with management to achieve consensus
  • Commercial pressures managers face in addressing AML issues
  • Work with real examples in a case study format
  • Group discussion: how would you advise management on a particular business initiative involving high AML risk
  • Developing an AML risk assessment and presenting your findings to management

Fraud Prevention

  • The impact of fraud on an institution
  • How fraud can arise
  • Controls against fraud
  • Can you monitor to detect fraud?
  • The importance of whistleblowing procedures
  • Developing a fraud risk assessment

Anti-Bribery and Corruption

  • How to assess your bribery and corruption risk
  • The importance of your Code of Ethics
  • Controls over suppliers - to centralise or not to centralise?
  • Gifts, entertaining and conflict registers
  • Case studies -what to do in difficult jurisdictions
  • How to develop an ABC risk assessment
After attending this course, you will:
  • Have a sound knowledge of financial crime risk
  • Possess the skills to conduct a robust financial crime risk assessment
  • Understand the compliance programme required to combat financial crime
  • Appreciate the key compliance issues surrounding fraud, bribery and corruption