Financial Crime World

Wallis and Futuna Face Growing Threat of Financial Crime, Experts Warn

Financial crime continues to plague businesses worldwide, and Wallis and Futuna is no exception. The territory’s lack of comprehensive training programs for financial crime compliance has left its businesses vulnerable to money laundering and other financial crimes.

New Training Course Launched to Combat Financial Crime

To address this issue, a new Financial Crime Prevention and Investigation training course has been launched in Wallis and Futuna. The course is designed by GLOMACS and aims to educate business professionals on the causes of financial crime and provide them with the knowledge and skills necessary to prevent and detect these crimes within their organizations.

Course Objectives

  • Empower businesses in Wallis and Futuna with the tools they need to protect themselves from financial crime
  • Provide delegates with a comprehensive understanding of the issues and the skills needed to address them
  • Offer practical training on prevention, detection, and investigation techniques

Course Topics

The course covers a range of topics, including:

Day 1: Background to Financial Crime

  • The impact of financial crime on business reputation
  • The range of financial crime indicators

Day 2: Starting to Investigate Financial Crime

  • Achieving a cost-effective balance between prevention and detection
  • Legal implications

Day 3: The Digital World of Fraud

  • Understanding the role of technology in facilitating financial crime

Day 4: Prevention, Detection, and Investigation

  • Developing effective prevention and detection strategies
  • Identifying red flags

Day 5: Investigation Techniques

  • Case studies and role-playing exercises to simulate real-world scenarios

Who Should Attend?

The course is designed for anyone who wants to learn more about financial crime compliance, including:

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

Expert Insights

“We recognize the importance of preventing financial crime and are committed to providing our employees with the training they need to do their jobs effectively,” said a spokesperson for one local business.

By investing in this training program, Wallis and Futuna can reduce its risk of financial crime and protect its economy.