Financial Crime World

Financial Crime Prevention Training: A Must for Businesses in Svalbard and Jan Mayen

In an effort to combat financial crime, which has been plaguing businesses worldwide for decades, a comprehensive Financial Crime Prevention and Investigation training course is being offered in Svalbard and Jan Mayen.

Course Objectives

The training course aims to equip individuals with the knowledge and skills necessary to identify and prevent financial crimes, ultimately safeguarding their organizations. The objectives of this course include:

  • Understanding the causes of financial crime
  • Recognizing red flags
  • Developing a comprehensive Financial Crime Prevention Programme
  • Evaluating the likelihood and cost of financial crime in an organization
  • Targeting key areas with proven detection techniques
  • Significantly reducing opportunities for financial crime

Who Should Attend

This course is designed for individuals at all levels, including managers, supervisors, team leaders, employees, and anyone interested in learning about financial crime prevention. No prior experience or education requirements are necessary to attend the training program.

Training Methodology

The delivery method will be group-live, with exercises and role-plays to simulate scenarios and situations that professionals may encounter. A short examination will also be administered at the end of the course.

Organizational Impact

This Financial Crime Prevention and Investigation training course will benefit organizations in all business sectors by providing a greater appreciation of the risks posed by financial crime and how to deal with those threats. The program will enhance organizational knowledge in areas such as:

  • The impact of financial crime on business reputation
  • Achieving a cost-effective balance between prevention and detection
  • Legal implications
  • Constant vigilance
  • Developing an Anti-Financial Crime policy and culture

Personal Impact

The training course will also enable participants to enhance their personal knowledge in the following areas:

  • Evaluating financial crime risks
  • Using interrogation techniques to detect financial crime
  • Developing a Financial Crime Mitigation Programme
  • Completing a successful investigation
  • Delivering Financial Crime awareness sessions to management

Training Schedule

The training program will consist of five days, with the following topics:

Day 1: Background - What is financial crime? What damage does it do to business and the economy worldwide?

  • Understanding the definition and scope of financial crime
  • Identifying the risks and consequences of financial crime
  • Recognizing red flags and warning signs

Day 2: Starting to Investigate - What is fraud? How can we identify financial crime (Red Flags)?

  • Defining fraud and its types
  • Identifying common red flags and warning signs
  • Understanding the importance of prevention and detection

Day 3: Digital World of Fraud - Computers and Laptops, Emails and the Cloud, Organised Crime, The Dark Web, All things are Hackable

  • Exploring the digital world of fraud
  • Understanding the role of technology in financial crime
  • Identifying vulnerabilities and risks

Day 4: Prevention, Detection and Investigation - What is the difference? Different Techniques for each

  • Understanding the differences between prevention, detection, and investigation
  • Learning various techniques for each stage
  • Practicing exercises to apply knowledge

Day 5: Investigation Techniques - Evidence, Forensics and what is it? Who should be involved?

  • Understanding the importance of evidence and forensics
  • Identifying key stakeholders and their roles in an investigation
  • Practicing investigation techniques through case studies and role-plays

In Association With

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.