The Prevention, Detection and Investigation of Financial Crime. Understand where the risks lay in your organisation and the laws that shape our activities.
Governments and financial markets throughout the world recognise Financial Crime as one of the greatest threats to the global financial services industry.
The FCA has increased its efforts to fight every aspect of financial crime: Money laundering, terrorist financing, market manipulation and data theft. Along with partner agencies, the FCA looks towards the firms they regulate when combating financial crime. Firms are required to work together with the FCA and the international community in their efforts to make it harder for criminals to exploit their businesses and their clients.
The market regulator expects your company to understand where the risks lay in your firm and react appropriately as part of your governance framework.
During this intensive 1-day course we will illustrate this real and significant threat to our industry and show you how to take a proactive approach to financial crime, enhance the policies, processes and procedures you currently have in place and ensure that everyone in your organisation is ready to protect your firm and the market place.
What will you learn
By the end of the course delegates will:
- Appreciate and understand the latest crime prevention regulations (national and international)
- Understand the elements necessary to create the right corporate culture
- Recognise key elements of ‘Know Your Client’ documentation
- Respond quickly to criminal behaviour by introducing alert systems which react appropriately and quickly to any potential criminal situations
- Recognise how to investigate more quickly and escalate suspicious activity, reducing the damage to the firm
- Protect the firm’s reputation by avoiding the media spotlight created by high-profile incidents of firms being victims of financial crimes
- Develop a solid overview of their firm’s vulnerabilities and the controls and procedures needed to address them in an increasingly complex global industry
Course Content
- Money laundering and terrorist financing
- Suspicious activity indicators and transaction reporting
- Setting up effective KYC procedures
- Customer due diligence and record keeping
- International regulatory standards
- Financial Action Task Force (FATF)
- Analyse the effectiveness of your firm’s AML/CTP processes and procedures
- Practical Tips in AML Management
- Setting up action plan
- Case studies and exercises
Speakers
Paul is a regulatory expert with over 20 years of experience in the financial services. Previously a Compliance Director with one of the country’s largest Investment Management firm, before moving into consultancy and holding interim roles as Head of Compliance and MLRO as well as leading a number of projects that took firms such as Dresdner Kleinwort Wasserstein, Axa and Deustche Bank through authorisation and responding to the FCA sanctions.
His professional experience includes the development and implementation of compliance processes and procedures that include areas such as: governance and oversight, effective systems and controls, client on-boarding and market conduct projects. His area of expertise includes Financial Crime, Client Assets, Conduct Risk, Governance and Oversight, Senior Management Regime and Effective Compliance Monitoring.
He has worked closely with the FCA, Financial Ombudsman Service and the Finance and Lease Association on complaint handling and management and continues to work with Financial Service firms in negotiations with the FCA. He has recently taken on Head of Compliance, Money Laundering Reporting Officer and Head of Client Money Client Assets positions for a Portfolio Management firm and an emerging Peer to Peer platform.
Who Should Attend
From Commercial, Central and Investment Banks as well as other financial institutions:
- Compliance Officers
- Financial Officers
- Risk Officers
- Internal Auditors
- Operational Risk Managers
- Staff with roles and responsibilities in AML and anti-terrorist financing activities
