Managing Financial Crime Risk

Financial services firms have the capacity to reduce financial crime and the negative consequences it has on society. Financial crime is fundamental to the success of organised crime. Financial services firms are uniquely placed to disrupt it and effective controls should be put in place to do so.

This course will provide delegates with an overview of the key types of financial crime risk, the regulation that govern them and the controls put in place to mitigate them. Key risk areas will include money laundering, sanctions, bribery and corruption, fraud and tax evasion.

Key Learning Objectives:

• Understand the main financial crime risks
• Understand the regulatory and industry bodies in place that govern financial crime
• Be aware of the key regulation relating to financial crime
• Understand the application of the “risk based approach” to preventing financial crime
• Develop an understanding of the typical controls that are put in place to mitigate financial crime risks
• Develop an understanding of how each of the financial crime risks might manifest and be managed in practice

Anyone who wishes to broaden or refresh their knowledge in financial crime, including executives, senior managers and staff providing support services to fund managers. This will be particularly relevant to professionals working in:

• Operations (1st Line)
• Compliance (2nd Line)
• Audit (3rd Line)
• IT
• Sales

Derek O’Connell: Derek has extensive change management experience across a breadth of the FS sector where he has led the delivery of many complex risk and regulatory compliance change programmes, with specific experience in delivering and implementing effective Financial Crime control frameworks and operating models. He is a member of the International Compliance Association (ICA).

Eoin O’Connor: Eoin has built strong expertise in Financial Crime prevention through both his industry experience within Retail Banking and his consulting roles on numerous change programmes within FS clients. These have been primarily centred on current state assessments of Financial Crime controls and the implementation of improvements to enhance control effectiveness

9:30 am Introduction & Learning Objectives

9:45 am What is Financial Crime?

• What is Financial Crime?
• Why is preventing Financial Crime important to firms?
• Types of Financial Crime

11:00 am Coffee Break

11:15 pm Regulatory bodies and key regulation

• The Financial Crime Regulatory and Legislative Framework
• Key Regulation and Legislation
• How is Financial Crime Carried Out?
• Financial Crime Controls

13:15 pm Lunch

14:00 pm Financial crime controls

• Financial Crime Controls (cont’d)
• The Three Lines of Defence Model
• Key Financial Crime Roles

15:30 pm Course Closure

IA Member £350.00 +VAT
Non-Member £450.00 +VAT

Pay using a credit card online, or if you wish to be invoiced please email your full details to: Training@theia.org

PLEASE NOTE: Full payment for the course must be made prior to the course commencement date.

Any cancellation must be made in writing. For all cancellation received 15-30 days prior to the course start date, 50% of the course fee is still payable. No refund is given for a cancellation made 14 days or less prior to the commencement of a course. Transferring from one course to another is treated as a cancellation. You can substitute one delegate for another at no additional cost. In this instance, please give two business days’ notice.