Financial Crime Risk Management Course Agenda
09:00 - 09:20 – Welcome and introduction to course objectives
- Overview
- Financial crime risk management framework
09:20 - 10:30 – Corporate fraud – the rising tide
- Definitions, scope and scale
- The people problem – characteristics, motives and red flags
- The key controls to prevent and detect fraud
- Threats and trends – recent reports and cases analysed
10:30 - 10:45 – Coffee
10:45 - 12:30 – Bribery, corruption and insider dealing – the current focus
- History and international context – Siemens, Galleon and other cases
- The UK position: The Bribery Act 2010 in practice
- Attitude of the authorities – “credible deterrence”
- Risk assessment, due diligence and the key controls
12:30 - 13:30 – Lunch
13:30 - 15:15 – Money laundering – the crucial background Money laundering and terrorist financing threat assessment
- New international initiatives:
- FATF standards and recommendations (2012)
- EU developments Risk-based approach and key controls
- Analysis of recent cases, regulatory fines and reports
- Controls framework – control environment, prevention and detection
15:15 - 15:30 – Coffee
15:30 - 17:00 – Business ethics – essential context
- Business ethics fundamentals
- The importance of pressure and its effect on behaviours
- Individual and corporate responsibilities – the modern ethical toolbox
- The consequences of failures of business ethics – recent cases reviewed
- Board and committee structures
17:00 – Close