Financial Crime Prevention
Course Details
Duration: 10 x 2 Hours Seminars
Venue: Forward Training Suites, 2 Mulcaster Street, St Helier
Cost: £750 (FastForward Units are not applicable)
CPD Hours: 20 Hours
Course Overview
The Programme examines a range of financial crime types, analyses the vulnerability of businesses to those crimes and examines the ways in which anti financial crime measures can be strengthened.
Target Audience
As well as being targeted at compliance and risk mitigation professionals, the Programme is also aimed at senior management with whom the ultimate responsibility for financial crime prevention rests.
The Programme is lectured by practitioners, not academics. The Programme is light on theory and heavy on practice, with content drawn from BakerPlatt’s experience in the investigation, prosecution and defence of numerous financial crimes in recent years.
Course Content
Seminar Programme Schedule
Seminar 1 – Fraud
(23 January 2009)
- What is Fraud?
- Fraud types.
- Causes of fraud.
- Impact of fraud.
- Assessing an organisation’s vulnerability to fraud.
- Fraud prevention and corporate governance.
- Strengthening anti fraud measures.
Seminar 2 – Market Abuse
(10 February 2009)
- Insider dealing and market abuse.
- Market manipulation tactics.
- The Law in Jersey.
- Measures to prevent market abuse.
- Case studies.
Seminar 3 – Money Laundering
(17 March 2009)
- The risk based approach and AML prevention.
- Dispelling the myths about money laundering.
- Permutations of laundering abuse of financial services and products.
- Case studies.
- Strengthening anti laundering measures.
- Measures to prevent market abuse.
Seminar 4 – Terrorist Financing
(7 April 2009)
- How does terrorist financing differ from money laundering?
- An overview of Terror Legislation.
- Misuse of charities, NGO’s, informal banking methods, cash couriers, gold & diamonds and banking.
- Hawala.
- Identifying heightened TF risk in certain relationships.
- Case Studies.
Seminar 5 – Corruption (Procurement Fraud)
(12 May 2009)
- What is corruption?
- Mechanisms to facilitate corruption.
- Dummy invoices.
- Double invoicing.
- Bribery.
- Consultancies.
- Recovery actions.
- Case Studies.
- The Law.
Seminar 6 – Sanctions
(2 June 2009)
- Understanding different sanctions regimes.
- Complying with sanctions.
- OFAC.
- Examples of breaches.
– ABN Amro
– UN Oil for Food
- Case Studies.
Seminar 7 – Analysing International Scandals
(8 September 2009)
- UBS.
- Abacha.
- SocGen.
- BAE.
Seminar 8 – Analysing Local Scandals
(20 October 2009)
- Caversham and Bell.
- Anchor.
- Michel and Gallichan.
- Hanover Bank Cantrade.
- Lessons.
Seminar 9 – Investigation and Prosecution of Financial Crime
(10 November 2009)
- How investigations commence.
- How cross jurisdiction assistance is sought and provided.
- The law on international co-operation.
- A prosecutor’s case study.
Seminar 10 – The Danger of the US Dollar
(8 December 2009)
- Patriot Act – Section 317.
- Patriot Act – Section 318.
- Patriot Act – Section 319.
- Extradition Provisions.
- Case Studies.
- The threat of the Stop Tax Haven Abuse Bill.
Written notes and copy PowerPoint slides are provided to all delegates.
The Programme is run 1 Seminar per month (avoiding the summer months of July
and August).
Learning Outcomes
- All delegates will gain an understanding of the range of financial crime types and the vulnerability of their businesses to those crimes.
- Certificates of attendance are provided for each Seminar.
- Interchangeable delegate places.
- Online evaluation questionnaires.