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Financial Crime Prevention

There are two kinds of financial crime. The first type generates illegitimate wealth (the proceeds of crime), and the second involves 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 Training 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.

Start your trial Course details
  • 40 Minutes
  • All staff
  • Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.

Learning objectives

  • Recognise various types of financial crime - eg fraud, market abuse, money laundering, terrorist financing, bribery, corruption and tax evasion
  • Identify what steps you should take to help prevent financial crime
  • Recognise when and how to seek advice and report concerns

Introduction

What is Financial Crime?

  • What is Financial Crime Prevention?

Customers with dishonest intentions

  • Your legal responsibility

Scenario 1: A couple break up

  • The security questionnaire
  • Fishing for information
  • Creating a joint account
  • Authorisation form
  • 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

  • An increase in savings
  • The money transfers

Scenario 5: Alexa's tip

  • A useful tip
  • Dealing with inside information

Scenario 6: Fake invoices

  • What do you think?
  • The Fraud Triangle
  • Repercussions of fraudulent activity

To recap...

Summary

Affirmation

Assessment

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Your questions, answered

Financial Crime

Common FAQs

How can I log and track incidents of financial crime in my organisation?

Our Compliance Breach Register allows you to securely log and monitor incidents of financial crime, such as bribery or money laundering. The tool enables you to track resolution progress and maintain a clear audit trail, ensuring accountability and compliance with regulatory requirements.

How can I ensure my employees understand and comply with our internal policies in relation to financial crime?

Our Policy Hub enables you to distribute policies such as your Anti-Money Laundering (AML) policy to employees, track acknowledgements, and send automated reminders. This ensures everyone understands their obligations and helps you maintain compliance with financial crime regulations.
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Are Skillcast courses SCORM-compliant?

Yes. This means they can be delivered via the Skillcast Portal or any other SCORM-compliant Learning Management System.

What other tools are needed beyond training?

A comprehensive compliance solution often needs more than just training. Alongside e-learning, tools like declarations, surveys, and registers that track compliance tasks are usually essential. Skillcast provides full support to help you set up these additional tools.

Related courses

Boost your compliance efforts with our range of courses. Varying in length and topic, our courses equip you with the tools to create an ethical and resilient workplace.

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Payment Services Regulations

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COBS - Dealing and Managing

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Information Barriers

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Senior Management Arrangements Systems and Controls

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Conduct Rules for Senior Managers at Dual Regulated Firms

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MCOB - APRC, Shortfalls and Charges

The Mortgage Conduct of Business (MCOB) for the Annual Percentage Rate of Charge (APRC), shortfalls, and charges apply to home finance businesses.

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FSCS Deposit Protection

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Complaints Handling for Managers

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Terrorist Financing Red Flags

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Browse the complete Financial Crime training package