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Global Markets and Time Zones
CPEs:
24
Instructor:
Dennis Cox
Level:
Intermediate
Tuition:
£3,495.00
NEW Financial Crime Risk in Capital Markets and Advisory: Case Studies FC036
Location: Global Markets and Time Zones
Duration: 3 days
Programme Director: Dennis Cox FCSI FRISM FCA AIIA Author, The International Handbook of Money Laundering Deterrence
All Dates & Locations
Venue Details
Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.
All our 2023 Live, onsite and Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.
- Written and delivered by former HSBC Global Risk Director Dennis Cox this course has been facilitated in London, Paris, New York, Hong Kong and Dubai since 2019.
Need to bring this course in-house, anywhere in your business network, face to face or even 1:1? Simply contact us for significant cost savings, any type of delivery formats and dates to meet your specific requirements.
"'Excellent. Rarely get enough on sanctions and managing the escalation process. We did not expect this level of trainer.'"HSBC, Taiwan
Agenda Highlights
Session 1: Financial Crime – Key Elements
Session 2: Financial Crime in Capital Markets
Session 3: Constructing the Risk- Based Approach
Session 4: Sanctions and Sectoral Sanctions
Session 5: Fraud
Session 6: Bribery and Corruption
Session 7: Tax Transparency
Session 8: Risk in Advisory Services
Session 9: Dealing with concerns
Session 10: Final Case Studies
"‘Just so you know it’s been a great course & we’ve already implemented ‘walk-through’ (3 transaction test)...while I was attended the course’."Head of Compliance, Hong Kong bank
Overview
Financial crime has developed into an ever-expanding remit for all in financial services. International sanctions, bribery and corruption, counter-proliferation, putting ever-higher premiums on getting Customer Due Diligence (CDD) right initially and ensuring it stays that way. The widespread adoption of a risk-based approach poses real problems of making judgements on what constitutes “Enhanced Due Diligence” for “higher risk” customers and relationships.
Regulators across the globe and inter-governmental bodies are increasingly making judgment on firms’ and companies’ judgments in these matters. The demands made by changes to corporate governance requirements add to pressures on firms to demonstrate compliance beyond doubt,
This case-studies driven master class combines aspects of current and emerging financial crime risks with case studies and examples in order to arrive at an integrated, practical anti-financial crime regime against which firms can benchmark their own approach.
"‘Really liked how practical this training was structured’"Compliance manager, Bank of New York Mellon, Taiwan
Who Should Attend
- Money Laundering Reporting Officers and their Deputies
- Staff that deal with clients on a day to day basis
- Internal auditors
- Compliance specialists
- Risk Managers
- Financial Crime Managers
- Nominated Officers
- Non-Executive Directors and Board Members responsible for a firms Financial Crime regime
- Financial regulators and supervisors
Additional Course Information
What Does It Cover?
Financial Crime – Key Elements
- What is financial crime?
- What is financial crime risk?
- Key areas of financial crime:
- Money laundering
- Fraud
- Bribery and corruption
- Sanctions
- Tax transparency
- Governance, risk and ethics
- How is financial crime undertaken?
- Who commits financial crime?
- The three stages of money laundering
- What are the key issues that need to be addressed
- How are expectations changing?
Practical Case Study: Identify key issues in actual cases resulting in capital markets penalties
Financial Crime in Capital Markets
- In which areas of capital markets is financial crime most likely to occur?
- Which of the key areas of financial crime concern you the most an why?
- What are the key controls that can be applied?
- Money laundering
- Fraud
- Bribery and corruption
- Sanctions
- Tax transparency
- How will challenges be identified?
Practical Case Study: Areas of Greatest Risk in Capital Markets
Discussion: Which issues have you faced in practice?
Constructing the Risk- Based Approach
- The application of the risk based approach
- Policies
- Roles and Responsibilities
- Customer Due Diligence
- Client take on
- Willful blindness
- Warning signs
- High risk relationships
- High risk countries
- High risk businesses
- High risk people and PEPs
- Non face to face customer and CDD/KYC
- What is enhanced due diligence?
Practical Case Study: What makes a relationship high risk?
Practical Case Study: Applying the risk based approach in practice
Sanctions and Sectoral Sanctions
- Understanding the threats
- The importance of effective screening and monitoring
- Sanctions v sectoral sanctions
- Sanctions and sanctions risks
- What needs to be considered in capital markets and advisory services
Practical Case Study: Identify warning signs based upon information provided
Fraud
- Fraud deterrence policies and procedures
- Applying fraud risk management in practice
- Warning signs and data mining
- Data enrichment
- Looking out for fraud in capital markets and advisory services
Practical Case Study: Identify potential areas for fraud in a specific case
Bribery and Corruption
- Growing concern
- International pressures
- What is the monitoring that should be conducted?
- What does the risk based approach mean here?
- Where in capital markets are we most likely to confront bribery and corruption
- Implementing anti bribery and corruption (ABC) frameworks
Practical Case Study: Identify warning signs in a specific case
Tax Transparency
- Tax evasion and tax avoidance
- What is tax transparency
- Where is I most important
- How will this be addressed in CDD and KYC work
- Considering issues with SPVs
- Tax transparency in capital markets and advisory services
Practical case study: Identify warning signs in a specific case
Session 8: Risk in Advisory Services
- Compliance risks associated with advisory services
- Issues regarding due diligence
- Provision of advice
- Potential involvement with financial crime
- Looking beyond borders
- Considering financial reality
Practical case study: Identify specific concerns in advisory services
Dealing with concerns
- Reporting concerns
- Escalation and investigation
- Incident management
- What happens next
- Suspicious activity reporting
Practical Case Study: Is there a real suspicion that needs to be reported?
Final Case Studies
Practical case studies: A series of case studies where delegates will be provided with information and asked to identify issues. Further data will be provided to enhance or mitigate concerns.
END
Learning Objectives
- To enable participants to understand how “money laundering” has developed.
- To appreciate linkages to other financial crime.
- To understand the motivation of a money launderer.
- To consider the control structures they would wish to employ in their jurisdiction against the growing risks from financial crime on an international scale
- To understand the decision-making and escalation process when managing concerns
All delegates who complete the course will receive a Certificate, and should you require a demonstration of competency a 20-question/multiple choice answer, fully remotely invigilated assessment, with results report and a resit is available at no additional cost when requested at time of booking.
Social Learning & Methods
Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.
Also available as a live, onsite workshop in your worldwide offices or ours in the City of London for face-to-face live training. Please ensure that travel and accommodation costs are budgeted for as these are not included in the above price.
(An invitation via email with access link is included for all participants.)
Registration
NEW Financial Crime Risk in Capital Markets and Advisory: Case Studies
Course Fee
Apply discount voucher code RISK10 at check out before March 30 2023
Course Fee (per person):
GBP £3,495.00 (+ UK VAT when applicable)
Get in touch and see how Risk Reward can help you
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