Chrome Consultants

Anti-Financial Crime (AFC) Program

Programme description & objectives

This intensive program will review financial crimes including bribery and corruption, cybercrime, fraud, market abuse, money laundering, sanctions, terrorist financing, and weapons proliferation. Structured to be hands-on and with contemporary examples and case studies, delegates to the program would avail of the deep insight and knowledge of the facilitators. The program would explore, explain, and enlighten the delegates about the current financial fraud methods and techniques. Delegates to the program would therefore benefit from the following: - Provision of advanced training on AFC compliance requirements - Increased awareness and understanding of risk-based AFC compliance best practices - Provision of practical tools for AFC compliance.

Venues, Dates & Cost

VenuesDubaiDublinEdmontonGhanaLondonNigeria
DatesTBDTBDTBDTBDTBDTBD
Cost$3,800 per participant (USD) (=N=)

For Whom

  • Financial Crime & Fraud Prevention Employees
  • Risk Managers
  • Regulators of Foreign Exchange Markets and Operations
  • Financial Crime & Fraud Prevention Employees

Module 1: Definitions and Overview of Anti-Financial Crime (AFC)

  • Exploring AFC
    • Why is it important for financial institutions to combat financial crime?
    • Internal and external threats: Bribery, corruption, cybercrime, fraud, market abuse, money laundering, sanctions, terrorist financing, weapons proliferation
    • What does achieving effective compliance look like?
    • Primary responsibility for AFC compliance
    • Role and responsibilities of regulatory bodies
    • Does good compliance mean good business?
  • Compliance function
    • Three Lines of Defence – role and responsibilities of Compliance
    • Risk assessment, advice, guidance, education, monitoring, testing and reporting
    • Maintaining policies, procedures, systems and controls
    • Working with Financial Intelligence Units and law enforcement
    • Enhancement of the compliance culture
    • Are we winning the war against financial crime?

Module 2: Breakout Session on Bribery and Corruption Essentials

    Module 3: AFC Compliance – The International Regime

    • Frameworks & institutions
      • Financial institutions in the frontline
      • Assessing risks and applying a risk-based approach
      • United Nations Conventions and Resolutions
      • Basle Committee – Core Principles for Effective Banking Supervision
      • BASLE – Abuse of financial services, supervisory powers, responsibilities and functions
      • Focus on robust corporate governance
      • Organizational structure, control environment and compensation
    • Compliance & standards
      • Comprehensive risk management process
      • BASLE Committee – Compliance and the Compliance Function in Banks
      • Responsibilities of the Board and senior management
      • Independence of compliance and cooperation with business
      • Adequacy of resources for compliance
      • Financial Action Task Force (FATF) – Recommendations and initiatives
      • International Standards on Combating Money Laundering & Terrorism Financing
      • Egmont Group of Financial Intelligence Units
      • National AFC regimes: civil, criminal, regulatory liabilities
      • Transnational business: challenges for regulators and law enforcement

    Module 4: Breakout Session on Money Laundering Essentials

      Module 5: Responsibilities of Regulators, Firms, Senior Management and Staff

      • Governance & responsibilities
        • Nature of regulation beyond the financial crisis
        • Authorization, ongoing supervision, and enforcement
        • Robustness of the control environment
        • Board and senior management responsibilities
        • Organization’s strategy and risk appetite
        • Corporate structure, resourcing, internal organization, reporting lines, job descriptions
        • Individual responsibilities and accountability
      • Compliance culture
        • AFC compliance policies and procedures
        • Availability of systems and controls to combat financial crime
        • ‘Tone from the Top’ – Maintaining a compliance culture

      Module 6: Breakout Session on Cybercrime Essentials

        Module 7: Risk Identification, Measurement and Assessment

        • Risk management
          • BASLE Principles – comprehensive risk management process
          • FATF Recommendations – risk-based approach
          • Identifying and estimating compliance risks
          • Effective and auditable risk assessments
          • Adapting to new products & business models
          • Regulatory rules and expectations
          • Key Risk Indicators
          • Reporting results of risk assessments
          • Effectiveness of risk management processes
          • Mitigation of probable risks
          • Producing a risk-based compliance program

        Module 8: Breakout Session on Terrorism Financing Essentials

          Module 9: Investigations, Enforcement and Litigation

          • Enforcement & investigation
            • When and what to disclose to regulators and law enforcement
            • Avoiding pitfalls in internal investigations
            • Governance: who manages investigations
            • Evidence gathering: documentation, emails, interviews
            • When to seek legal advice
            • Enforcement proceedings and litigation