Financial Crime World

ERITREA EMPOWERS FINANCIAL CRIME AWARENESS AND TRAINING PROGRAMS

As Eritrea continues to develop and strengthen its financial sector, the country is placing a growing emphasis on combating financial crime. In response to this need, GLOMACS Financial Crime training programs are being implemented to provide employees within financial services and the regulated sector with the knowledge and skills necessary to identify and prevent financial crimes.

TRAINING PROGRAM HIGHLIGHTS

The comprehensive training program will cover key areas of concern related to financial crime, including:

  • Typologies and Trends of Financial Crime
  • Methodologies of Money Laundering and Terrorist Financing
  • Identifying Key Areas of Concern as Regards Global Corruption

PROGRAM OBJECTIVES

Upon completion of the training seminar, participants will be able to:

  • Understand the key offenses of Money Laundering, Terrorist Financing, and Financial Crime.
  • Review and Analyze case studies through in-depth discussions with instructors.
  • Apply current knowledge and experience to exercises provided by instructors.

ORGANISATIONAL IMPACT

The training program is expected to have a significant impact on Eritrea’s financial sector, including:

  • Providing an interactive experience for employees in intelligence analysis
  • Enhancing staff skills to identify methods of money laundering
  • Increasing vigilance towards evolving complexities and risks of Financial Crime.

PERSONAL IMPACT

Participants can expect the following personal benefits from the training program:

  • Enhancing their ability to gain greater awareness, knowledge, and investigation experience.
  • Developing and honing skills in analysis, critical thinking, and assessments
  • Gaining confidence in recognizing current typologies and indicators of money laundering and financial crime.

WHO SHOULD ATTEND

The training program is suitable for a wide range of professionals, including:

  • Financial Crime Analysts
  • Transaction Monitoring Professionals
  • AML and Financial Crime Investigations Professionals
  • Compliance Professionals
  • Financial Investigators
  • Fraud Investigators

PROGRAM SCHEDULE

The training program will be conducted over five days, with each day covering a specific topic, including:

  • Day 1: Financial Intelligence
  • Day 2: The Need for Effective Compliance and Due Diligence
  • Day 3: The Challenges of Counter Terrorist Financing
  • Day 4: A Study in the Key Indicators of Extremism
  • Day 5: Conclusion of all Exercises and Debrief

ENDORSEMENT

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. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org