Overview
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The effort against financial crime in the private and public sectors faces growing challenges. The course offers to build competence against financial crime among learners.
Syllabus
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The course is structured in seven modules, with each module catering to a separate financial crime domain.
Introduction
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About the course
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Brief Objectives
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Relevance
Module I
Financial crime overview and threats to the global economy
__ Definition and Nature of Financial Crime
__ Financial Crime Methods and Vehicles
__ Use of Technology in Financial Crime
Module II
Money Laundering
__ The Financial Action Task Force
__ Money Laundering methods and stages
__ Indicators of Money Laundering
__ Role of Third-Party Entities
__ Terrorist Financing *
Module III
Understanding and preventing frauds
__ Nature and types of Frauds
__ Loan Frauds
__ Internal Frauds
__ Red Flags
__ Detection and Reporting
Module IV
Anti-corruption compliance and enforcement
__ Worldview on corruption
__ Forms and methods of corruption
__ Anti-Corruption Organisations
__ Legal framework to Combat corruption
Module V
Trade-Based Money Laundering (TBML)
__ World trade and money movement
__ Wire Transfers
__ Hawala Transactions
__ Indicators of TBML
Module VI
Compliance programs and control
- AML Compliance
__ OFAC
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Sanctions Compliance
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Monitoring and Reporting (STR)
__ Beneficial owners
- KYC and KYE
Module VII
Cyber Security
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Recognising and detecting cyber financial crime
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Social Engineering
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Network Security Standards and Industry Best Practices
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Responding to a cyber incident
Data privacy laws and regulations
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