Financial Crime World

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Compliance Training for Financial Institutions in British Indian Ocean Territory

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Financial institutions in the British Indian Ocean Territory (BIOT) must ensure that they are compliant with the latest regulations and standards to prevent financial crimes such as money laundering and terrorist financing. To achieve this, a comprehensive compliance training program has been designed specifically for financial services professionals in BIOT.

Key Areas of Concern

The program will focus on key areas of concern including:

  • Understanding the key offences of Money Laundering, Terrorist Financing and Financial Crime: This module will provide an in-depth understanding of the laws and regulations surrounding money laundering and terrorist financing.
  • Review and Analysis of case studies through in-depth discussions with instructors: Participants will engage with real-world scenarios to develop their critical thinking and problem-solving skills.
  • Identifying key methods of the Money Laundering process and developing skills to recognize evolving complexities and risks: This module will equip participants with the knowledge and skills necessary to identify and prevent money laundering activities.

Objectives

Upon completion of this program, participants will be able to:

  • Understand the key offences of Money Laundering, Terrorist Financing and Financial Crime
  • Develop new skills and techniques in investigations
  • Enhance their ability to identify key methods of money laundering and financial crimes
  • Gain confidence in recognizing current typologies and indicators of money laundering and financial crime

Training Methodology

The program will be delivered through a combination of case studies, exercises, discussions, and question-and-answer sessions. The training will be conducted in an interactive scenario-driven format to ensure that participants are engaged and able to apply their knowledge and skills in real-world scenarios.

Organisational Impact

This program will benefit financial institutions in BIOT by:

  • Enhancing staff’s ability to identify key methods of money laundering
  • Providing an interactive experience for employees in intelligence analysis
  • Developing a more vigilant workforce to recognize evolving complexities and risks

Personal Impact

Upon completion of this program, participants will be able to:

  • Gain greater awareness, knowledge, and investigation experience
  • Develop and hone their skills in analysis, critical thinking, and assessments
  • Apply investigation techniques into the workplace environment
  • Prepare for more theoretical and academic study opportunities in Financial Crime

Who Should Attend

This compliance training program is suitable for a wide range of professionals working within financial institutions, law enforcement agencies, analytical and tech companies. Specifically, it will benefit:

  • Financial Crime Analysts: Develop skills to analyze complex data sets and identify patterns indicative of money laundering.
  • Transaction Monitoring Professionals: Enhance their ability to monitor and detect suspicious transactions.
  • AML and Financial Crime Investigations Professionals: Gain knowledge and skills to conduct investigations and gather evidence.
  • Compliance Professionals: Understand the latest regulations and standards in anti-money laundering compliance.
  • Financial Investigators: Develop skills to investigate financial crimes and gather evidence.

Duration

The program will be delivered over 5 days, covering key areas of concern in financial crime compliance.

Endorsed Education Provider

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.