Support

Elevate Your Expertise: Learn More, Save More, and Achieve More with Our Exclusive Training Deals!

Course Summary

FinTech businesses need to understand and be alert to where financial crime risks lie. Balancing fast-paced innovation, rapid growth, and customer experience – alongside regulatory requirements – is essential to being compliant.

You will learn how to:
• Meet your regulatory obligations
• Identify and mitigate different types of financial crime risks
• Maintain an efficient risk management program
• Conduct effective risk-based due diligence
• Tune and scale your transaction monitoring program
• Investigate suspicious activity and collaborate with law enforcement

To participate, you may be early in your compliance career; interested in a senior compliance related role at a FinTech; or looking to progress to our the:
Certified AML FinTech Compliance
Associate (CAFCA) certification.

1. Getting started
Introduction
• Instructions
• Introductory case video
• What would you do
• Feedback
• Learning objectives

2. Risk from financial crime
Regulation related to FinTech
• Levels of regulation for FinTech
• Registration and licensing for FinTech
• Industry perceptions of FinTech risk
• FinTech partner relationships
• De-risking of FinTech by partners

Risk-based approach
• Risk assessment methodologies in FinTech
• Risk assessment of novel FinTech products and channels
• Balancing risk appetite with customer growth

FinTech risk and red flags
• Categories of risk: Customer, jurisdiction, product, channel (Reminder)
• Customer risk and red flags (Reminder)
• Risks of key FinTech models and products
• Banking as a service models
• FinTech sizes and capabilities FinTech payment channels and risk
• FinTech payments channels
• Card schemes and red flags
• Fraud risk
• Handling chargebacks

Review
• Review questions

3. Risk management program
Know your role in compliance
• Three lines of defense in FinTech
• The role of the Board of Directors in FinTech

Customer Risk Assessment
• Customer risk assessment for FinTech
• Customer risk data points FinTech can collect

Maintaining an AML Program
• Maintaining AML policies and procedures
• AML ongoing training, awareness and resources
• Periodic testing and assurance in a FinTech
• Different types of audits and how to prepare
• Using AML controls to generate usable MI

Reducing Internal Risk
• Internal risk in a FinTech
• Internal risk control frameworks
• Recordkeeping requirements for FinTech
• Data security and privacy (Reminder)
• Intersection of cybersecurity and financial crime

Review
• Review questions

4. Transaction monitoring
Clearing alerts
• Transaction monitoring process (Reminder)
• Alert clearance for FinTech
• Risk-based approach to transaction monitoring

Ongoing Monitoring
• Monitoring for corporate money laundering
• Monitoring for terrorist financing
• Monitoring for organized crime
• Monitoring for sanctions evasion in FinTech

Maintaining a Monitoring Solution
• Anti-fraud vs AML monitoring solutions
• Science behind alert generation
• Artificial intelligence and machine learning
• Tuning
• Tuning in FinTech
• Scaling a transaction monitoring program –
what does change look like?

Review
• Review questions

5. Investigating suspicious activity
Communicating with Customers
• Balancing fairness to customers and AML obligations
• Customer experience and AML obligations
• Tipping off (Reminder)

Technology and Investigations
• Network analysis in AML investigations
• Applying technology to AML investigations

Best Practices in Investigation
• Criteria for selecting standard customer research sources (Reminder)
• Utility of open source research
• Evaluating bias in open source research
• Critical thinking in investigations
• Filter what customer information is relevant and important (Reminder)

Review
• Review questions

6. External relationships
Outsourced financial crime controls
• Working with RegTechs for AML
• Working with contractors and consultants for AML

Other financial institutions
• Indemnities and requests from financial institutions
• Partner institution relationships

Government
• Law enforcement enquiry types
• Law enforcement enquiry responses
• Communicating with regulators

Review
• Review questions

There are no prerequisites to this course.

Pass a 20-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.
Send as a Prefilled Cart
Request Custom Delivery

Questions About This Course?







    Other Popular Courses

    Executive Cyber Risk Certification (ECRC)
    • Duration: 2 Days
    • Language: English
    • Level: Intermediate
    • Exam: ECRC
    Select options This product has multiple variants. The options may be chosen on the product page
    See Price
    Dates & Details
    Mastering Communication & Presentation Te...
    • Duration: 4 Days
    • Language: Danish
    • Level: Intermediate
    • Exam: MCPT
    Select options This product has multiple variants. The options may be chosen on the product page
    See Price
    Dates & Details
    Next Generation Mindfulness
    • Duration: 1 Days
    • Language: English
    • Level: Foundation
    • Exam: NGM
    Select options This product has multiple variants. The options may be chosen on the product page
    See Price
    Dates & Details