Financial Crime

A balanced, contextual, critical thinking,

jurisdiction-independent approach to financial crime

risk and compliance for financial crime professionals.

CRITICAL THINKING IS THE ART OF NEVER ACCEPTING ANYTHING AT FACE VALUE

When do we stop asking "why"?

Young children always ask "why" but as we get older, we change. We don't ask why so much. We accept what we are told. Eventually, we lose our desire to question.

Let's have a reset.

A return to basics

In our training use history, politics, people and conduct to illustrate financial crime and the laws and regulations relating to it.

We look at principles, not at the law and regulation per se, because if you know the basics you learn to build your own comprehension engine.

We compare different legal concepts and approaches.

What will you take away from this course?

You will do more than know stuff: you will understand.

Course curriculum

1

About this course
- A word about our approach.
- What we've done and what we haven't.
- A word about language
- A word about facts
- Legal, Caveat, Interpretation
- What is critical thinking and why is it important? Free Preview
2

Chapter One - About Money Laundering
- 1.1 Money laundering etc. - Terminology
3

Chapter 2 Money Laundering Essentials
- 2.1 What the law means when it talks about money
- 2.2 What money laundering actually is.
- 2.3 Why criminals launder money.
- 2.4 Who launders money?
- 2.5 Wilful Blindness and a whole lot more.
- 2.6 Commingling
- 2.7 Dealing with regulated entities in other jurisdictions.
- 2.8 Suspicion
4

Chapter 3 - Money laundering offences
- A short note about this section.
- 3.1 How crime became less important than the money it generates
- 3.2 The offence of money laundering in the UK
- 3.3 Jurisdiction - geographical, political and legal.
- 3.4 Offences committed outside the jurisdiction
5

Chapter 4 - your connection to benefits
- 4.1 Possession, custody and control in the context of money laundering and terrorist financing.
- 4.2 Possession and adequate consideration.
- 4.3 Custody
- 4.4 Control
- 4.5 Possession, custody and control in the context of Trusts and
- 4.6 Defence to a money laundering charge.
- 4.7 "Defence Against Money Laundering" (DAML) - Consent to Dealing
- 4.8 Money laundering offences that are not actually money laundering.
- 4.9 Holding and dealing in dematerialised assets
6

Chapter 5 - Politically Exposed Persons etc.
- 5.1 Politically Exposed Persons
7

6 Paperwork
- 6.1 Preparing for and submitting a suspicious activity report for internal consideration
- 6.2 Internal reports as support for a SAR.
- 6.3 The Money Laundering Risk Assessment
8

Chapter 7 - External influences
- 7.1 The Financial Action Task Force
- 7.2 The EU's Anti Money Laundering Regulation & Authority
- 7.3 The Joint Money Laundering Steering Group
- 7.4 The Wolfsberg Group
- 7.5 US extraterritorial reach: USA PATRIOT ACT, FATCA etc.
- 7.6 External Influences - conclusion.
9

Chapter 8 - Terrorism
- 8.1 The changing face of terrorism and terrorist financing laws and regulations.
- 8.2 Terrorism offences and support for terrorism (aka terrorist financing) offences.
10

Chapter 9 - Topics
- 9.1 Bribery, Corruption and Plunder
- 9.2 Correspondent banking
- 9.3 Informal value transfer systems - The Chop, hawala, etc. barter and countertrade
- 9.4 Authorised use of bank etc. accounts by third parties
- 9.5 Charities, "Non-Profits", NGOs and Foundations
- 9.6 Betting, Gambling, Gaming and Gaming.
- 9.7 Trade-based financial crime
- 9.8 Sanctions and Embargoes.
- 9.9 Failure to prevent fraud
- 9.10 Failure to prevent Bribery
- 9.11 Aggregation and Cash etc. Declarations
11

Chapter 10 - For example, an overview of the UK's The Regulatory Regime
- 10.1 Financial Conduct Authority Regulation
- 10.2 The Travel Rule
- 10.3 A list of regulated businesses (UK)
12

Examination
- About Examination
- Examination

One year's unlimited access

includes examination and certificate.

FInancial Crime Risk - Critical Thinking - individual course - one year.

$295

This plan is for single users for one year. For corporate packages (minimum 10 users) see financialcrimetraining.com

About this course.

This course is developed by Nigel Morris-Cotterill, a 30 years plus financial crime strategist with a previous career in law. His advisory practice has taken him to many countries and a wide variety of businesses.

Morris-Cotterill was a pioneer in "computer based training" in the 1990s and in e-learning from the early 2000s. He presents face to face training around the world (see www.countermoneylaundering.com , he is the founder of World Money Laundering Report and the author of several class-leading books including the seminal "How not to be a money launderer". For details of financial crime books, see Vortex Centrum.com

Morris-Cotterill is a strong advocate for clear communications and simple law and regulation.

Legal and Caveat

Nothing in this course is intended to be, or shall be taken as, advice. All persons are cautioned to seek advice from a suitable adviser on their particular circumstances.

The content of this course is copyright Nigel Morris-Cotterill, 1994 et seq. All rights are reserved and he asserts his moral rights with regard thereto. The content is expressed to be intellectual property of commercial value.

It is prohibited to download, save or distribute, to republish, to incorporate into any work in any format all or part of this course. It is prohibited to use all or any part of the course to "train" any software, "generative ai" or any other computer program.

IMPORTANT: this is an instant access software product. All sales are final. Requests for refunds or chargebacks are not entertained.