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Course Summary

After taking the course, you will be able to define and differentiate types of financial crime risks and describe a risk-based approach. You will also understand how compliance roles work together to reduce financial crime risk and the importance of risk management programs.

Course topics:
• Types of financial crime
• Financial crime risks
• The role of compliance and the three lines of defense
• Risk management programs
• Customer due-diligence

1. Introduction
• Cayman Islands vacation home
• What would you do?
• Feedback
• Learning objectives

2. Types of financial crime / What is financial crime?
• Money laundering
• Terrorist financing
• Sanctions
• Fraud
• Anti-bribery and corruption
• Tax avoidance vs tax evasion

3. Risk from financial crime
• Types of risk: regulatory, legal, financial, reputational
• Categories of risk: customer, jurisdiction, product, channel
• Risk-based approach to business

4. Compliance roles
• Three lines of defense
• Risk-based escalation

5. Risk management programs
• KYC is intended to manage risk
• Transaction monitoring is intended to manage risk
• Transaction monitoring vs name screening
• Sanctions screening
• Ongoing AFC controls
• Following organization-specific policies and procedures

There are no prerequisites for this course.

Pass a 10-question final assessment to receive your certificate.

Following your booking, a confirmation message will be sent to all participants, ensuring you're well-informed of your successful enrollment. Calendar placeholders will also be dispatched to assist you in scheduling your commitments around the course. Rest assured, all course materials and access to necessary labs or platforms will be provided no later than one week before the course begins, allowing you ample time to prepare and engage fully with the learning experience ahead.

Our comprehensive training package includes all the necessary materials and resources to facilitate a full learning experience. Enrollees will be provided with detailed course content, encompassing a wide array of topics to ensure a thorough understanding of the subject matter. Additionally, participants will receive a certificate of completion to recognize their dedication and hard work. It's important to note that while the course fee covers all training materials and experiences, the examination fee for certification is not included but can be purchased separately.
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