Financial Crime Manager Online Course

This comprehensive Financial Crime Manager course equips learners with essential knowledge and skills to detect, investigate, and prevent financial crimes effectively. Covering the core principles of financial crime management, this course dives into the characteristics, categories, and legal frameworks surrounding financial fraud and money laundering. Participants will gain expertise in applying risk-based approaches, conducting thorough customer due diligence, and maintaining robust record-keeping practices. This course also details the crucial responsibilities of a Money Laundering Reporting Officer (MLRO) and highlights the importance of recognizing suspicious conduct and transactions. By mastering laws related to financial fraud, property, and mortgages, learners will be well-prepared to lead anti-financial crime initiatives in diverse organizations.

This program is designed for professionals seeking a deep understanding of financial crime management, including compliance officers, auditors, investigators, legal advisors, and risk managers.

Learning Outcomes

• Understand the fundamentals of financial investigations and their importance.
• Identify and explain key characteristics of various financial crimes.
• Classify different categories of financial crimes with relevant examples.
• Apply a risk-based approach to mitigate financial crime threats.
• Perform customer due diligence to detect suspicious activities effectively.
• Comprehend legal frameworks and compliance related to financial crime laws.

Course Link: Financial Crime Manager Online Course

Course Curriculum:

Module 01: Introduction to Financial Investigation

• Purpose and scope of financial investigations
• Roles of financial investigators
• Tools and techniques used in investigations
• Link between financial crime and other criminal activities
• Importance of financial intelligence in combating crime

Module 02: Characteristics of Financial Crimes

• Key indicators of financial crimes
• Common behavioral patterns in financial fraud
• How financial crimes evolve in modern economies
• Impact of financial crimes on institutions and society
• Red flags for suspicious financial activities

Module 03: Categories of Financial Crimes

• Fraud (corporate, tax, mortgage, and securities fraud)
• Money laundering and terrorism financing
• Embezzlement and insider trading
• Bribery, corruption, and identity theft
• Cyber financial crimes and digital payment fraud

Module 04: Responsibility of the Money Laundering Reporting Officer (MLRO)

• Core duties and legal responsibilities of MLROs
• Reporting suspicious activities to authorities
• Developing internal AML frameworks
• Training employees on anti-money laundering compliance
• Coordinating with regulators and law enforcement

Module 05: Risk-based Approach

• Understanding risk-based compliance frameworks
• Conducting risk assessments and risk profiling
• Tiered customer risk categories
• Prioritizing resources to higher-risk areas
• Implementing proportionate control measures

Module 06: Customer Due Diligence (CDD)

• Types of due diligence: simplified, standard, and enhanced
• Verifying customer identity and beneficial ownership
• Ongoing monitoring and record updates
• Screening customers against sanctions and PEP lists
• When to apply enhanced due diligence (EDD)

Module 07: Record Keeping

• Regulatory requirements for data retention
• Types of records to maintain (CDD, transaction history, reports)
• Secure and accessible record storage
• Timeframes for keeping records under AML laws
• Importance of documentation in audits and investigations

Module 08: Suspicious Conduct and Transactions

• Identifying suspicious behavior and transaction patterns
• Transaction monitoring systems and tools
• Red flags in financial activities
• Procedures for escalating and investigating alerts
• Filing Suspicious Activity Reports (SARs)

Module 09: Laws against Financial Fraud

• Overview of international and national anti-fraud legislation
• Regulatory bodies and compliance standards
• Legal penalties for financial crime violations
• Case studies on corporate and institutional fraud
• Legal obligations for reporting financial fraud

Module 10: Property Law

• Understanding ownership, possession, and transfer of property
• Legal rights and restrictions related to property
• Property involved in financial crimes
• Asset recovery and confiscation procedures
• International cooperation in property seizure cases

Module 11: The Mortgage Law

• Legal principles governing mortgage lending
• Risks and fraud schemes in mortgage processes
• Regulatory oversight in the mortgage industry
• Compliance obligations for lenders and brokers
• Case studies in mortgage fraud detection

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Disclaimer:

This is an online course with pre-recorded lessons. You will get access to the course within 48 hours after your enrolment.