The FCA has increased its efforts to fight every aspect of financial crime and expects firms to understand where the risks lie and take appropriate steps to combat/react as part of its governance framework.

The session will highlight the real and significant threats and demonstrate how to take a proactive approach, enhancing the policies, processes and procedures firms currently have in place.

It focuses on the day-to-day activity required in regulated firms to ensure that they and their honest customers are protected from any aspects of these crimes. Anti-Money Laundering controls are important to prevent financial crime and complying with regulations is vital for businesses to deter financial crime activity.

Bribery and Corruption are key concepts and Financial Sanctions deployed to deliver public policy objectives have grown in the political agenda.

This interactive one-day course gives a practical account of what’s required, the regulatory landscape for firms and an opportunity to discuss future challenges.

Learning outcomes:

The day will:

• Summarise the regulatory requirements about Financial Crime, Anti-money laundering, Terrorist Financing, Sanctions and Anti-Bribery and Corruption
• Appreciate critical regulatory principles and specific risks to firms
• Explain practical implications of your organisation's responsibilities
• Develop your current governance and operational oversight framework

Agenda: 

Aspects of Financial Crime

• Legislative and regulatory developments, at national and international levels, on financial crime prevention
• Evaluating the impact of these developments on a firm’s regulatory risk management approach and policy
• Identify and assess the financial crime risks to which your business is exposed

Anti- Money Laundering

• The Money Laundering Reporting Officer’s role and responsibilities including Terrorist Financing and Politically Exposed Persons
• Illustrate best practice for ongoing monitoring and suspicious activity reporting
• Identify key risks related to record keeping, conducting due diligence and ensuring employees are trained appropriately

Anti-Bribery and Corruption

• The history of the Bribery Act 2010
• The six principles in regards to best practice when adhering to the Bribery Act 2010
• Key decision making and maintaining records

Sanctions and Terrorist Financing

• HM Treasury sanctions list requirements and regulatory interpretation. Plus application 
• The sanctions control framework, screening, matching and reviewing the global lists available   
• Review best practice and the right legal and regulatory controls

The Regulator Expectations

• Examine current regulatory trends at every level
• Analyse Financial Conduct Authority thematic work
• Review governance oversight, management control and effective risk procedures

Course Instructor: 

This course is led by Chris Leatherland, DipFS. FCIB. DipAML. FICA.

Chris is currently Head of Financial Crime (CF11) at NewDay Ltd, a retail/commercial operation with in excess of 5 million accounts handled by varying channels and through numerous relationships both direct and with partners.

Previously with the National Australia Group, GE and Santander in similar roles covering full-service bank offerings. A retail/commercial banking background with extensive history in Regulatory interface, addressing the creation of both strategic and operational Financial Crime prevention and detection regimes. Effective commercially balanced Risk Based methodologies in “Know Your Customer” due diligence and application criteria, with various models used for Transaction/Activity monitoring and Sanctions screening.

Over 20 years’ experience liaising with all guises of Law Enforcement Agencies, both domestic and overseas with comprehensive exposure to Legal processes and operational cases across all Financial Crime mandates, Anti-Money Laundering, Anti-Bribery & Corruption, Fraud, Terrorist Financing and Whistleblowing. Participating in all collaborative situations.

A Fellow of the Institute of Financial Services, Diploma in Anti-Money Laundering, being one of the first group in the UK to complete the qualification when established and a Fellow of the International Compliance Association.

Who should attend:

• Financial crime employees
• All individuals who aspire to a career in financial crime prevention
• Management, compliance professionals whose companies are regulated by the Financial Conduct Authority
• Internal audit investigators

Benefits of attending:

• Create rigorous Policy and Procedures
• How to maintain Awareness and Training
• Completing key Risk Assessments
• The value of clear KYC & CDD
• Relevant Activity & Transaction Monitoring
• Best practice Suspicious Activity Reports and Law Enforcement liaison
• Sanctions and PEP’s protocols
• Maintaining clear Records/MI & Reports
• Reviewing the effectiveness of your Systems & Controls