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Home Working in government Finance An Introduction to Financial Crime

An Introduction to Financial Crime

Summarise the regulatory concerns about Financial Crime, Anti-money laundering, Terrorist Financing and Sanctions
Describe critical principles and specific risks to the financial services sector
Explain the practical implications of your organisation responsibilities
Challenge your current governance and operational oversight framework
Summarise the regulatory concerns about Financial Crime, Anti-money laundering, Terrorist Financing and Sanctions
Illustrate some of the critical risks for oversight of organisational and operational business as usual implementation
Demonstrate the importance of decision making and maintaining record-keeping during a bribery investigation
Map out an essential Financial Crime Checklist.

Overview

Off the shelf (OTS)

Financial Crime focuses on the day-to-day activity required in banks and other regulated firms to ensure that they are not the target of criminals and customers are protected. Anti-money laundering (AML) controls are essential to prevent financial crime and complying with regulations is vital for businesses to deter financial crime activity. Bribery & Corruption are two separate and at the same time interlinked concepts. Governments and the United Nations impose financial sanctions to deliver public policy objectives to protect their markets from financial crime.

The Financial Conduct Authority (FCA), and Regulators across the world, state that part of their responsibility is to ensure that the integrity of the markets is maintained. UK financial institutions are responsible for minimising their risk of being used for criminal purposes, particularly the facilitation of money laundering or terrorist financing.

This interactive two-day course gives a practical account of the history, the regulatory requirements for firms and an opportunity to discuss future challenges.