Financial crime risk management
London Stock Exchange, London.
Understand financial crime risks and the tools needed to manage them.
This interactive course enables delegates to understand financial crime risks whilst providing guidance on the most effective controls needed to manage them. It focusses on the modern cross-cutting issues of money laundering, bribery & corruption and fraud & cyber-crime, picking up the emerging issues.
This is a practical course, peppered with examples from cases and with analysis of recent reports and trends. It highlights the key controls and shows delegates how to gain assurance that these controls are working effectively, whilst placing them within an overall framework of good governance and business ethics
Huge fines and a drive towards holding those in senior management positions personally accountable - this is the modern response of the authorities to financial crime. Are you able to manage the risks to your profits and reputation? The financial crime threat landscape is changing too. Are you up to date and does your organisation have the most effective control framework in place?
This interactive course provides an essential update for business professionals at this time. Its key features are:
- financial crime threat analysis and controls framework
- overview of the new regulatory and crime prevention regime in the UK.
- current and emerging money laundering risks (e.g. Isil & terrorist financing, information exchange & FACTA and virtual currencies & bitcoin)
- bribery and corruption – update and review of the ripple effects of the Bribery Act 2010
- fraud - review of the key risk areas including cyber-crime, insider dealing and management fraud
- the people factor – motives, behaviour and the drive for personal accountability • ensuring that the key controls are effective: training; risk assessment; due diligence; whistleblowing hotlines; and audit
- the governance dimension – responsibilities, reporting lines and business ethics
- review and analysis of recent cases
Who should attend?
This one day course has been designed to appeal to the following professionals:
- Directors and senior executives
- Heads of internal audit, compliance and risk functions
- Operational risk managers
- Compliance officers
- Audit professionals
- Security and financial crime specialists
- Ethics officers
- HR managers
- All those individuals responsible for implementing best practice crime risk management in their organisation.
8:30 - 09:00 - Registration
- Registration and coffee
09:00 - 09:20 – Welcome and introduction to course objectives
- 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
"Great content, great tutor, great bunch of attendees."
"Very well presented."
"All very relevant thanks."
Customer Service and training enquiries:
Telephone number: +44 (0) 207 7971821
Email address: firstname.lastname@example.org
Our programme specialists and customer service team are available Monday to Friday 9am to 5.30pm to help you with any queries related to our programmes or to the registration process.