Overview

This CISI qualification provides a global view of financial crime, examining money laundering, terrorist financing, bribery, corruption and fraud, along with a greater international focus and an emphasis on the practitioner response.  The CCL exam study course has been designed to provide attendees with a comprehensive summary of all the...

This CISI qualification provides a global view of financial crime, examining money laundering, terrorist financing, bribery, corruption and fraud, along with a greater international focus and an emphasis on the practitioner response.  The CCL exam study course has been designed to provide attendees with a comprehensive summary of all the key material found in the CISI workbook and prepare them for the hour long 50 question exam.

It is highly interactive, and participants will be invited to discuss the material as well as illustrative real-life case studies in order to gain a practical understanding of the workbook content.  Each unit ends with a selection of open-ended and multiple choice revision questions, and there is an hour-long mock exam at the end of the last day.

Who is this for?

The scope of financial crime is such that the syllabus is suitable for professionals working within the financial services industry including Compliance officers and Money Laundering Reporting officers, those involved in regulation, law enforcement, trade and commerce and individuals from bi-lateral development institutions and civil society organisations.

Chapter 1 – The Background and Nature of Financial Crime 

  • Definitions of Money Laundering, Terrorist Financing, Fraud, Corruption and Bribery
  • International context
  • Governmental and quasi governmental approaches to combating Financial Crime
  • Best practice
  • Asset recovery
  • Revision questions

Chapter 2 – Money Laundering

  • Background
  • International Anti-Money Laundering (AML) standards
  • Financial Action Task Force (FATF)
  • The role of international bodies
  • Revision questions

Chapter 3 – Terrorist Financing

  • Background
  • Measures to combat the Financing of Terrorism
  • Standards for combatting the Financing of Terrorism
  • Terrorist listing
  • Revision questions

Chapter 4 – Bribery

  • Bribery and corruption
  • UK Bribery Act (2010)
  • Foreign Corrupt practices act (1977)
  • Revision questions

Chapter 5 – Corruption

  • Corrupt practice
  • Combating Corruption
  • The role of multi-lateral and bi-lateral institutions
  • Mutual Legal Assistance (MLA) 
  • Corruption indicators
  • Revision questions

Chapter 6 – Fraud

  • Fraud 
  • Investment fraud
  • Market abuse
  • The Sarbanes-Oxley Act 2002
  • Tax evasion
  • Revision questions

Chapter 7 – Financial Crime Risk Management

  • Considerations for the Financial Services Industry
  • Risks 
  • Practical business safeguards
  • Revision questions

Chapter 8 – The Role of the Financial Services Industry

  • Regulatory bodies
  • Relations with regulators
  • Specific responsibilities   
  • Compliance
  • Customer Due Diligence (CDD)
  • Reporting obligations
  • Record-keeping obligations
  • Revision questions

Mock Exam - 50 multiple choice questions under exam conditions