Financial Crime Prevention Course

There are two kinds of financial crime, those generating illegitimate wealth (the proceeds of crime) and activities that protect, conceal or disguise those proceeds (money laundering).

Companies face a growing threat of financial crime, ranging from bribery, fraud and money laundering to terrorist financing.

Our Financial Crime Prevention Course will help your employees understand what financial crimes are, how to prevent them and what to do if they suspect a financial crime may occur.

About this Course

Versions available as part of our Compliance Essentials and FCA Compliance Libraries.

Learning Objectives

This course will prepare your employees to:

Recognise key types of financial crime including fraud, market abuse, money laundering, terrorist financing, bribery and corruption
Identify the steps that employees should take to help prevent financial crime
Know when and how to seek advice and report concerns.

Course outline

Introduction

What is Financial Crime?

What is Financial Crime Prevention?

Your Legal Responsibility

Customers with illegitimate intentions

Scenario 1: A couple break up

- The security questionnaire
- Phishing for information
- Creating a joint account
- Exercise: Authorisation form
- Exercise: Other reasons for prosecution
- Social engineering

Scenario 2: A politician moves money

-Government official
- Further investigations
- Obtaining further information
- Reporting
- Dealing with the customer after the report
- Any other infringements?

Scenario 3: Gifts, hospitality and procurement

Scenario 4: Unusual customers

- Request to increase savings amount
- Payment from a high-risk jurisdiction

Scenario 5: Alexa's tip

- A useful tip
- Dealing with inside information

Scenario 6: Fake invoices

- What do you think?
- Exercise: The Fraud Triangle
- Repercussions of fraudulent activity

Summary

Affirmation

Assessment

Course Specifications

Duration

Approximately 30 minutes.

Audience

Suitable for all staff - examples and interactivities designed for staff at all levels.

Prerequisites

No previous knowledge or experience required.

Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.

Assessment

10-question assessment.

Test-out

Ability to offer optional test-out, whereby users can choose to skip the course content and complete the learning assignment simply by passing the assessment Deployment AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.

Deployment

AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.

Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility).

Tailoring

Fully customisable on Skillcast Portal CMS.

Translation

Pre-translated versions not available, but all text content can be exported for translation into all languages.

Localisation

Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.