Financial Crime World

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Bouvet Island Takes a Stand Against Financial Crime

Located in the southern Atlantic Ocean, Bouvet Island is taking concrete steps to prevent financial crime and protect its economy. The island’s government has launched a comprehensive training program aimed at equipping business leaders and professionals with the knowledge and skills necessary to identify and prevent financial crimes.

The Training Program

The Financial Crime Prevention and Investigation training course, developed by GLOMACS in collaboration with Oxford Management Centre, is designed to enhance the knowledge of participants on financial crime prevention methods. The course will cover various aspects of financial crime, including its causes, effects on business reputation, and the range of indicators.

Key Objectives

  • Evaluate the frequency and cost of financial crimes in an organization
  • Develop a comprehensive financial crime prevention program
  • Target key areas of financial crime with proven detection techniques
  • Reduce opportunities for financial crime
  • Efficiently investigate these crimes and present findings effectively to law enforcement

Who Should Attend?

The training course is designed for anyone who wants to know the roots of financial crime and how to prevent it from damaging their business. This includes:

  • Managers
  • Supervisors
  • Team leaders
  • Employees at all levels
  • Anyone who wants to know about financial crime

Course Agenda

Day 1: Background

  • What is financial crime?
  • What damage does financial crime do to business and the economy worldwide?
  • Why do people commit financial crime?
  • What is money laundering?
  • Money laundering techniques.

Day 2: Starting to Investigate

  • What is fraud?
  • How can we identify financial crime? (Red Flags)
  • Best ways to combat financial crime and money laundering.
  • Resources available to investigate financial crime
  • How best to instil an anti-financial crime culture within your business.

Day 3: Digital World of Fraud

  • Computers and laptops
  • Emails and the cloud
  • Organised crime
  • The dark web
  • All things are hackable
  • Biometrics – secure?

Day 4: Prevention, Detection and Investigation

  • What is the difference?
  • Different techniques for each
  • Whistle blowing
  • Pros and cons of internal and external hotlines
  • Putting yourself in the mind of a criminal

Day 5: Investigation Techniques

  • Evidence
  • Forensics and what it is?
  • Who should be involved
  • Conducting the investigation
  • Interviewing (witnesses or suspects and the difference)
  • ADVOKATE, PEACE

GLOMACS Training 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.