ANTI-FINANCIAL CRIME AND COMPLIANCE - Informa Connect
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ANTI-FINANCIAL CRIME AND COMPLIANCE A comprehensive guide to the key issues, legislation and implications FACE-TO-FACE IN LONDON OR VIRTUAL CLASSROOM Dates: 22-24 March 2021 6-8 September 2021 Contact: Learning partner of www.iff-training.com +44 (0)20 7017 7190 cs@iff-training.com
COURSE INFORMATION
Financial crime is the greatest single threat to banks and BOOK WITH CONFIDENCE:
financial institutions as well as to businesses. The threat comes
If you book the London or online option and change your mind
not only from the criminal but often from the regulator who
further down the line, we can easily switch it for you and amend
establishes that the organisation is failing to protect customers
the price accordingly.
and the community.
This course is designed to provide a focused overview of the
current key areas of financial crime, methods of prevention
COURSE LEADER
and detection as well as a good knowledge of the legal and MONICA BOND BA; LLB; FCIS; ACE; CFE; MCSI; MAE
regulatory environment under which organisations must operate SOLICITOR OF THE SENIOR COURTS
in the UK. Monica Bond has specialised in fraud and
money laundering investigation, detection,
KEY BENEFITS prosecution, prevention and compliance for
over 30 years and amongst other relevant
. Understand global best practice in fraud detection and
Professional Qualifications, is a Chartered
prevention; anti-money laundering processes and regulation
Accountant, a Solicitor and a Certified Fraud
as well as anti-bribery regulation
Examiner. She has given expert evidence in
. Develop the knowledge to provide practical guidance in major fraud, corruption and money laundering cases. She is
setting up control systems and detecting breaches one of the UK’s foremost experts in anti-fraud, anti-bribery and
. Navigate through the relevant legislation and case law as well AML procedures and practices. In 1994, she was the author of
as indicating where new legislation is expected the Accountants Digest on Money Laundering, published by the
. Get to grips with how criminal activity has been detected and Institute of Chartered Accountants. Her firm has undertaken
assets recovered – via real-life case studies and examples numerous compliance assignments for banks, and other
financial services organisations, particularly in relation to
. Examine and understand the role of regulators and the global anti-money laundering legislative compliance and fraud
consequences of not complying with regulations and the law recoveries.
HOW YOU WILL LEARN
This course will take place in London for those who are able to DATES & PRICE
travel but if you can’t be there in person, a digital version is also
LONDON COURSE PRICE
available. Either way, you will have access to the same trainer,
22-24 March 2021 (FLF5582)
insights, content and practical sessions.
6-8 September 2021 (FLF5642)
THE VIRTUAL CLASSROOM £2999 plus VAT = £3598.80
We have been delivering online training for many years and know ONLINE COURSE PRICE
how to ensure the interaction is the same as if you were in the
£2399 plus VAT = £2878.80
room. Class sizes will be capped to ensure every delegate will
be guaranteed quality time with the trainer. You will be able to * VAT may be payable depending on your location – see online booking page for details
ask questions, give feedback and participate in the practical * Discounts available for group bookings – email cs@iff-training.com for details
sessions.
REGISTER
THE FACE-TO-FACE COURSE IN LONDON Tel: +44 (0)20 7017 7190
If you choose the London option, we want to assure you that Email: cs@iff-training.com
we will comply with safety recommendations. We will cap our Web: www.iff-training.com BOOK ONLINE HERE
course numbers at 8 participants.This, and the way we will
set up our training rooms, means you will have the space you
need to maintain social distance. Hand sanitiser will be readily
available on arrival and on desks.
YOUR SAFETY
IN-COMPANY TRAINING
Our number one priority is the safety of our delegates and IFF’s bespoke training solutions will help you address
colleagues, especially in the light of recent health concerns your specific key business challenges. The programme
across the world. In addition to this, Informa AllSecure adds is designed for you, with content focusing on the issues
a further layer of health and safety best practice standards you and your teams are facing. The course can then be
and guidelines, that will be followed at our events wherever delivered at your choice of location face-to-face, digitally
applicable and possible. These measures will focus around four or a combination of the two.
key areas: cleaning and hygiene, communications, protect and . Tailored content – 100% targeted to cover your needs
detect and physical distancing. They’re designed to provide you
with confidence that at any Informa event around the world, . No travel or time out of the office – we will come to you
we’re striving to provide the highest standards of safety, hygiene, . Value for money – train teams of staff at the same time
cleanliness and quality.
. Risk free – we’ve been doing this for over 30 years
Our customer services team are here to answer any specific
questions about how the courses will run - please contact them Please contact Jeff Hearn (Managing Director) on
on cs@iff-training.com. +44 (0)20 7017 7190 or email: jeff.hearn@informa.comCOURSE AGENDA
DAY ONE: FRAUD Actions to Take After Detection DOJ Guidance and how it Should be
• Interviewing a suspected employee fraudster Applied
PREVENTION, • Protecting a computer environment • What the guidance is
DETECTION AND • Securing data for court purposes • How a court will use the guidance
• Email analysis • Has the guidance been modified since being
REPORTING • Software for mapping links issued
Developing a Fraud Risk Analysis for The Fraud Act On-going Compliance and Obligations
your Organisation • Why was it necessary to create a Fraud Act of the Act
• Mapping your systems for fraud risks • Passive and Active fraud • Training – face to face
• Mapping for control points • Potential developments in anti-fraud • Training – e-learning
• Looking for compensating controls legislation • Risk based assessments
• Creating employee risk profiles • Comparison with the Bribery Act approach • Checklists
• Documenting your Fraud risk analysis
• Documenting assessments
• Reviewing the ACFE system FCA Financial Crime Reporting
(Rep-Crim) Evaluating High Risk Areas of your
Evaluating your Risks and Assigning Business
• Politically Exposed Persons
Controls • Sanction listed countries • Sales agents commission
• Division of responsibilities • High risk jurisdictions • Cash transaction
• Reconciliations • When to report a refusal of a customer on the • Credit notes
• Control accounts basis of crime risk • Discounts and Rebates
• Difference accounts • SAR’s • Entertainment
• Authorisation levels • Political donations
• Film of GE Capital Fraud and control failures Tax Evasion • Customs duties
• Reporting to HMRC • Employment
Fraud Typologies in Banking,
• Failure to prevent facilitation of tax evasion
Commerce and Industrial High Risk Circumstances
• Criminal Finances Act 2017
Environments
• Joint Ventures
• Employee frauds – the facts CASE STUDY • Acquisitions
• Payroll frauds Fraud red flags • Re-structuring
• Computer frauds such as ransomware • Legal disputes
• Identity theft – Film
• Current fraud risk areas
Using your Contractual Documents to
DAY TWO: BRIBERY & Impose your own Anti-bribery Policies
Financial Statement Fraud – Review of
the Major Examples
CORRUPTION • Reducing costs of ABC controls
• How do you handle customers/suppliers who
• Olympus Corporation The Bribery Act 2010 refuse to adopt your policies
• Diageo plc • The key provisions • Publishing your policies on the company
• Satyam Computer Services • Criminal offences for company’s and website
• Syntax-Brillian employees
• Reebok India • Extraterritorial reach Corruption and Corruption Indicators
• Dell • The primary defence incorporated in the Act • Transparency International
• Diebold
• What this index means and does not mean?
• Rino International
The Bribery Act Offences • Are there other useful indexes?
• WorldCom
• Active offence
• Passive offence Bribery & Corruption Risk Analysis
EXERCISE
• Failure to provide training • What is a risk based review?
An examination of a set of accounts
• Failure to assess risks • Tone at the top
where attendees will highlight areas
of risk for investigation for potential • Failure to document assessments and • How do I set up a team for the review
fraud and identify the red flags controls • Review questionnaires
• Documentation
The Foreign Corrupt Practices Act and • Reports - to whom and when
Detection of Fraud how it Differs from the Bribery Act
• Red flags • The limitations of FCPA Practical Business Safeguards
• Fraud detection software • Private to private bribery restrictions • Company policies
• Limited to Active bribery only • Intranet
• No strict failure to prevent provision • An emphasis on regular training
CASE STUDY • Need to demonstrate intent • Whistleblowing
GE Capital • Facilitation payments allowed • High level reporting – compliance board
Dates: Contact:
22-24 March 2021 www.iff-training.com
6-8 September 2021 Tel: +44 (0)20 7017 7190
Face-to-Face in London or Virtual Classroom Email: cs@iff-training.comCOURSE AGENDA
Impact of the Changes in the UK due to Awareness & Training
EXERCISE be Announced in June 2017 • The fundamental importance of training
Creating your own risk scoring • Consultation completed in March 2017 • Methods of ensuring AML awareness
system for bribery utilising real loan • Annual employment reviews
• Typically the UK is stricter than Europe and
applications
substantially stricter than the USA
The MLRO and Reporting
The FCA and Other Regulators • The status and importance of the MLRO
• Financial Conduct Authority • How and when the MLRO reports
DAY THREE: • Gambling Commission • Once a report is submitted what happens
ANTI-MONEY • HMRC regulation of Estate Agents, Jewellers
and Auction Houses
next
• Reporting and private clients
LAUNDERING
FATF Record Keeping
Why Money Laundering is at the Heart • How long should records be kept?
• The creation and role of FATF
of Financial Crime – Money laundering • The standing of FATF reports • Why is it important to keep records?
in the UK • Why FATF has been so important in • In what form should the records be held
• The banking sector progressing AML practice • Disaster recovery
• Financial services
• Gambling Terrorist Financing Criminal Finances Act 2017
• Estate Agents • FATF reports • Corporate offence of failure to prevent the
• Jewellery, gold and other precious metals • Traditional methods of raising funds facilitation of tax evasion
• Money Exchange Bureaus • Traditional methods of distributing funds • Unexplained wealth orders
• Accountancy service providers • Lone actors and terrorist cells • Disclosure orders for money laundering
• Lawyers • Emerging threats investigations
• Information sharing and “super SAR’s”
The Non-regulated Sector JMLSG Guidance • Extension of POCA powers to FCA and HMRC
• Those that can be regulated or non-regulated • Who are the JMLSG
depending on circumstances • What is their purpose EXERCISE
• General insurers • Representation of Trade Associations Customer due diligence
• Energy suppliers • Reports on proposed legislation
• Shipping
Customer Due Diligence
The Money Laundering Legislation
• Proving identity
2007 • Software products for high volume due
• These regulations operate alongside certain diligence
other Acts • Beneficial ownership
• The Proceeds of Crime Act 2002 • PEP’s
• The Terrorism Act 2000 • High risk jurisdictions
• The Terrorism Act 2006 • Sanctions
• What the ACT means (concisely)
Transaction Monitoring
The Proceeds of Crime Act 2002 • Stone vs. Natwest Bank
Amended 2013 • Automated monitoring
• The purpose of POCA • What is an unusual transaction?
• How the Act works • Unusual intensity of transactions
• What is the impact on the victim of crime? • Unusual destination of transactions
• Higher than normal value transactions etc
The Changes due under the EU 4th
Directive Effective from 4th June Suspicious Activity Reports
2017 • What is a SAR
• Emphasis on ultimate beneficial ownership • Who submits a SAR
and enhanced customer due diligence • When can you continue with a transaction
(CDD) • Shah vs. HSBC
• Expanded definition of a politically exposed
person (PEP) The Risk Based Approach
• Expanded to included entire gambling • Using computer software
sector beyond just casinos • FATF’s risk based approach
• Cash payment threshold lowered to €10,000 • Risk assessment
• Enhanced risk-based approach, requiring • Risk mitigation
evidence-based measures • Internal controls
Dates: Contact:
22-24 March 2021 www.iff-training.com
6-8 September 2021 Tel: +44 (0)20 7017 7190
Face-to-Face in London or Virtual Classroom Email: cs@iff-training.comABOUT IFF
IFF has been the chosen training provider of the world’s best finance and energy professionals since 1991. We are part of
Informa PLC and the learning partner of the RiskMinds series of events.
• W
e continually develop and improve our training to make it more effective for you
• Y
ou’ll learn from practising, highly-experienced financial experts
• Y
ou’ll experience interactive and practical training - implement what you learn straight away
• W
e limit class sizes so the trainer can adapt the content to suit you
Please see the Risk Management Catalogue to see the related courses: http://www.iff-training.com/RISKCAT
IFF Training is accredited by the British Accreditation Council (BAC). The British Accreditation Council
is recognised internationally and provides the clearest mark of educational quality and excellence.
Accreditation by BAC is recognised by the UK Border Agency so the fact that IFF is BAC-accredited
should help with your visa application.
CPD Certified:
IFF is recognised by the CPD Certification Service and have been approved to award CPD points towards
professional development certifications. Attendance at this course will earn you 40 CPD points.
COURSES IN THE IFF RISK MANAGEMENT PORTFOLIO
MASTERING
ANTI-MONEY
LAUNDERING
RISK
EFFECTIVE
A comprehensive, practical analysis of anti-money
laundering legislation & implementation
OPERATIONAL MANAGEMENT
MARKET RISK
Dates:
16-17 May 2019
18-19 November 2019
London
Contact:
MANAGEMENT
Managing risk effectively, going
beyond the basics of measurement
RISK
Gain a unique practical insight into
mitigating, reducing and avoiding
FOR ASSET
MANAGERS
An essential guide to practical risk management
www.iff-training.com
Tel: +44 (0)20 7017 7190 and policy into real risk management enterprise-wide operational risk in in a changing asset management world
Email: cs@iff-training.com ͤQDQFLDOLQVWLWXWLRQV
Dates: Contact: Dates:
Contact:
20-21 June 2019 www.iff-training.com 5-6 December 2019
25-26 November 2019 15-16 June 2020 www.iff-training.com
Dates: Tel: +44 (0)20 7017 7190
Contact: Tel: +44 (0)20 7017 7190
London Email: cs@iff-training.com London
18-19 November 2019 www.iff-training.com Email: cs@iff-training.com
London Tel: +44 (0)20 7017 7190
Email: cs@iff-training.com
THE MECHANICS OF
ASSET AND THE MECHANICS OF
THE MECHANICS OF LIABILITY REGULATORY
RISK
MANAGEMENT
THE MECHANICS OF
OPERATIONAL
MANAGEMENT RISK
REPORTING
RISK
POSTGRADUATE CERTIFICATE POSTGRADUATE CERTIFICATE POSTGRADUATE CERTIFICATE POSTGRADUATE CERTIFICATE
DELIVERED BY DISTANCE LEARNING OVER 16 WEEKS DELIVERED BY DISTANCE LEARNING OVER 14 WEEKS DELIVERED BY DISTANCE LEARNING OVER 16 WEEKS DELIVERED BY DISTANCE LEARNING OVER 14 WEEKS
Dates: Contact: Dates: Contact: Dates: Contact:
Learning partner of Dates: Contact:
22 May 2019 www.iff-training.com/rmdl Learning partner of 22nd May 2019 www.iff-training.com Learning partner of 18 September 2019 www.iff-training.com
13 November 2019 25 September 2019 www.iff-training.com
Tel: +44(0)20 7017 7190 Tel: +44(0)20 7017 7190 +44(0)20 7017 7190
26 February 2020 Tel: +44(0)20 7017 7190 25th September 2019
Email: cs@iff-training.com Email: cs@iff-training.com cs@iff-training.com
Email: cs@iff-training.com
See the website for full details www.iff-training.comYou can also read
