Course description
Financial Crime : Risk for Banks
The effort against financial crime in the private and public sectors faces growing challenges.The course offers to build competence against financial crime among learners.
Upcoming start dates
Suitability - Who should attend?
Prerequisites:
None
Outcome / Qualification etc.
What you'll learn
- The learner will acquire skills and knowledge in the financial crime field.
- The learner will validate his or her skills and earn an objective, verifiable credential of competence.
- The course will enable learners to advance their careers and give them an advanced level of professional skill.
- The course will enable learners to manage organizational responsibilities. 5.
Training Course Content
The course is structured in seven modules, with each module catering to a separate financial crime domain.
Introduction
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About the course
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Brief Objectives
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Relevance
Module I
Financial crime overview and threats to the global economy
Definition and Nature of Financial Crime
Financial Crime Methods and Vehicles
Use of Technology in Financial Crime
Module II
Money Laundering
The Financial Action Task Force
Money Laundering methods and stages
Indicators of Money Laundering
Role of Third-Party Entities
Terrorist Financing *
Module III
Understanding and preventing frauds
Nature and types of Frauds
Loan Frauds
Internal Frauds
Red Flags
Detection and Reporting
Module IV
Anti-corruption compliance and enforcement
Worldview on corruption
Forms and methods of corruption
Anti-Corruption Organisations
Legal framework to Combat corruption
Module V
Trade-Based Money Laundering (TBML)
World trade and money movement
Wire Transfers
Hawala Transactions
Indicators of TBML
Module VI
Compliance programs and control
- AML Compliance
OFAC
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Sanctions Compliance
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Monitoring and Reporting (STR)
Beneficial owners
- KYC and KYE
Module VII
Cyber Security
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Recognising and detecting cyber financial crime
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Social Engineering
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Network Security Standards and Industry Best Practices
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Responding to a cyber incident
Data privacy laws and regulations
Course delivery details
This course is offered through State Bank of India, a partner institute of EdX.
3-4 hours per week
Expenses
- Verified Track -$149
- Audit Track - Free