Financial Crime World

Financial Crime Enforcement Agencies in Heard Island and McDonald Islands Embark on Training Initiative

Enhancing Capabilities to Prevent and Investigate Financial Crimes

The financial crime enforcement agencies in Heard Island and McDonald Islands have taken a significant step towards enhancing their capabilities to prevent, detect, and investigate financial crimes. The agencies have embarked on an advanced training program aimed at equipping them with the necessary skills and knowledge to tackle complex financial crimes.

Overview of the Training Program

  • Duration: 9 months
  • Format: Flexible mix of guided online study and live virtual classrooms delivered through interactive technology
  • Assessment: Timed end-of-module assessments, written assignments, and case-study-based assignments
  • Course Topics:
    • Understanding financial crimes
    • International agencies and standards
    • Corporate governance
    • Anti-bribery and corruption
    • AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism)
    • Cybercrime
    • Data and information security
    • Investigating fraud internally
    • Global investigation, prosecution, and recovery

Who Can Participate?

  • Fraud prevention and investigation officers
  • Managers
  • MLROs (Money Laundering Reporting Officers)
  • Risk managers
  • Advisory and investigation roles
  • Internal audit and regulatory staff
  • Law enforcement personnel
  • Must have a good standard of spoken and written English and meet one of the following criteria:
    • Sound educational background
    • Attainment of an International Advanced Certificate
    • Three years’ relevant work experience

Partnership with the International Compliance Association (ICA)

The agencies have partnered with the ICA to deliver the training program. The ICA is a professional body that provides education, training, and certification in regulatory and financial crime compliance. This partnership will provide participants with access to a global community of professionals, as well as discounts on future courses and events.

Building Capacity for Effective Financial Crime Prevention and Investigation

The training initiative is part of the agencies’ efforts to enhance their capabilities in preventing and investigating financial crimes. With this program, they aim to build a strong foundation for effective financial crime prevention and investigation, ultimately protecting the financial integrity of Heard Island and McDonald Islands.