Advanced Financial Crime Compliance

Financial Crime

• Transnational organised crime
• Interpol’s 18 crime areas
• Global response: the AML Regime
• Terrorist financing and Sanctions
• UNTOC
• FATF
• The Egmont Group
• The role of FIUs
• The private sector: gatekeepers
• The rationale of reporting
• The role of financial intelligence
• FCC as the tool to protect the financial system’s integrity

Anti-Bribery and Corruption (ABC)

• ABC essentials explained
• UKBA 2010
• Anti-Bribery & Corruption videos
• Whistleblowing
• FCA
• OECD
• UNCAC
• Stolen Asset Recovery Initiative (StAR)
• StAR Cases
• SFO Cases
• FCPA Cases

Anti-Money-Laundering (AML)

• Proceeds of crime
• The three – stage ML process
• The three ML stages
• ML vulnerability: the Zero point
• Basel AML Index
• Offences
• The 4TH MLD
• Case study: POCA, Part 7 ML
• Triggering the AML investigation
• From Suspicion to reporting
• SAR and the Good “Narrative”

AML Tools

• Tool 1: KYA (Know Your Assets)
• Tool 2: KYB (Know Your Business)
• Tool 3: KYC (Know Your Customer)
• Tool 4: CDD (Customer Due Diligence)
• Tool 5: EDD (Enhanced Due Diligence)
• Tool 6: SDD (Simplified Due Diligence)

Cyber crime

• Phishing
• Webcam manager
• File hijacking
• Keylogging
• Screenshot manager
• Ad clicker
• Hacking
• Distributed Denial of Service (DDOS)
• JMLIT
• European Cybercrime Centre (EC3)
• Information Assurance and Cyber Security for Information Asset and Information Risk Owners

Fraud

• Identity crime
• Individual fraud
• Corporate fraud
• Online fraud
• Advanced fee fraud
• Tax and benefit system fraud
• Intellectual property crime
• Insider dealing

Advanced ABC Loadicator

• Tracing capital flight from developing countries
• Sustainable development goals in practice
• Illicit financial flows
• UNCAC and beneficial ownership transparency
• Beneficial ownership registries
• Scanning and profiling legal entities and complex legal arrangements
• Connecting physical persons with legal entities – best practices

Business Unit and Customer Profiling

• Linking clients with transactions
• How to regularly assess ML and TF risks: sources
• Risk assessment and vulnerability of transactions
• Fitting your FCC programme in the “holistic” risk-based approach – whose?
• Evidenced-based decision making and targeting ML and TF risks faced by the host State and regional organisations
• Transparency: internal standards and controls
• SYSC: Single vs Several Operations – your suspicion matrix
• Data Protection for businesses and the rise of the Data Protection Officer

FCC Re-tooling

• Risk assessments – why? which and where from?
• FATF, Basel AML Index and ESMA reloaded
• Risk-based approach
• Putting it all together in the SYSC context
• Trade-based ML – misinvoicing and third-party risk management
• Financial sanctions: EU, International, and U.S.
• Proliferation financing