Financial Crime World

Here’s the rewritten article in Markdown format:

Compliance Training Programmes for Financial Professionals in Dominican Republic

In a bid to enhance financial crime compliance in the Dominican Republic, a comprehensive training programme has been designed for financial professionals working in the country’s financial sector.

Programme Objectives

The Advanced Financial Crime Compliance training course is an interactive experience that will equip employees with the necessary skills and knowledge to identify key areas of concern related to money laundering, terrorist financing, and global corruption. Upon completion of this training course, delegates will be able to:

  • Understand the key offences related to money laundering, terrorist financing, and financial crime
  • Review and analyse case studies through in-depth discussions with instructors
  • Identify the risks to professionals working in AML and financial crime areas
  • Apply current knowledge and experience to exercises provided by the instructors

Programme Delivery

The training course is designed for a wide range of professionals, including:

  • Financial crime analysts
  • Transaction monitoring professionals
  • AML and financial crime investigation professionals
  • Compliance professionals
  • Financial investigators
  • Fraud investigators

The programme will be delivered through a combination of lectures, case studies, exercises, and question-and-answer sessions.

Programme Schedule

The five-day training course is scheduled to cover the following topics:

Day 1: Financial Crime Compliance

  • Financial compliance analysis and assessment
  • Trade-based money laundering
  • Review of compliance case studies
  • Emerging threats in money laundering
  • Financial intelligence exercise and debrief

Day 2: The Need for Effective Compliance and Due Diligence

  • Sanctions and sanctions busting
  • Case study on round tripping fraud
  • AML exercise
  • Principles of the risk-based approach
  • Roles and responsibilities of FATF

Day 3: The Challenges of Compliance Investigations

  • State-sponsored terrorism
  • Professional money launderers and gateways (lawyers, notaries, accountants)
  • Cyber threats and insider actors
  • Money value transfer business and MSB’s

Day 4: A Study in the Key Indicators of ML/Financial Crime

  • CFT exercise
  • Proliferation and sanctions breaches
  • Extremism as seen in banking data

Day 5: Conclusion of all exercises and debrief

Programme Benefits

The organisation will benefit from a better-trained workforce that is equipped to identify key methods of the money laundering process. Delegates will also be able to:

  • Enhance their own ability to gain greater awareness, knowledge, and investigation experience
  • Develop and hone skills in analysis, critical thinking, and assessments
  • Gain confidence in the recognition of current typologies and indicators of money laundering and financial crime
  • Learn to apply investigation techniques into a workplace environment

Programme Endorsement

The programme is endorsed by GLOMACS, which 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.