This “Introduction to Financial Crime” training module is designed to equip you with essential knowledge on the various types of financial crimes and associated risk.
The course will provide you with in-depth content throughout engaging lessons and activities. The content is suitable for individual learners, team meetings, and breakaways sessions. Interactive case study scenarios will ensure that you remain continuously engaged, providing you with a thorough understanding of financial crime risk and its prevention
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This 9-module course consists of several key topics that you are likely to encounter in your journey toward assisting in the fight against financial crime. These are:
- Introduction and overview.
- Money Laundering.
- Terrorist Financing.
- The difference between terrorist financing and proliferation financing.
- Sanctions.
- Global Financial Crime Standards.
- Country/Region Risk Assessment.
- The Financial Crime Risk Threat.
- Your contribution to the operating environment.
Learner engagement is characterised by the need to answer questions based on the various case study scenarios included in the content. This, together with other activities contained in each module, facilitate knowledge transfer to the learner.
Prior to taking the course, you will have the option to undergo a proficiency assessment. Should you achieve the standard required, you will be given the choice to skip the lesson or continue with the course.
Who is this training for?
The “Introduction to Financial Crime” training course is essential for persons operating at all levels, and in all roles, including executive management, board members, compliance and legal teams, risk management professionals, internal auditors, finance and accounting staff, HR, operations and IT teams, front-line employees, customer service representatives, new hires, third-party vendors, and sales and marketing teams. This comprehensive training equips all relevant stakeholders with the knowledge to understand financial crime risks, implement prevention strategies, and fulfill their roles in ensuring compliance and protecting an organisation’s integrity.
Course Outline
Module One: Introduction and overview
- What’s in it for me?
- Terminology
Module Two: Money Laundering
- Definition of money laundering.
- Stage of money laundering.
- How to mitigate the threat of money laundering.
Module Three: Terrorist Financing
- Definition of terrorist activity.
- Definition of terrorist financing.
- Case studies – Southern Africa.
- Case study – International.
- Impact of terrorist financing on institutions.
Module Four: The difference between terrorist financing and proliferation financing
- A synopsis of terrorist financing.
- A synopsis of proliferation financing.
Module Five: Sanctions
- Definition of sanctions.
- Classes of sanctions.
- Definition of screening.
- Sanctions practices.
- Impact of sanctions.
Module Six: Global Financial Crime Standards
Module Seven: Country/Region Risk Assessment
Module Eight: Financial Crime Risk Threat
- Regulatory changes.
- Geopolitical changes.
- Economic conditions.
- Technological advancement.
- Criminal activity.
- Customer behaviour.
Module Nine: Your contribution on the operating environment
