Financial Compliance

Our financial compliance course is designed for individuals with a background in auditing or the financial sector to learn advanced tools and techniques to ensure your organisation is financially compliant.

Course Information:

Venue:Duration:Date:Price:
Online 20 hours Flexi-date£2,750.00
In-House Agreed with client FlexiblePOA
London 5 days 4 March 2024£4,250
London 5 days 11 November 2024£4,250

If you are unable to attend this course on the dates above, please contact us to discuss alternative options.
Please note that prices shown above are exclusive of VAT (20%).

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    Who should attend?

      Delegates who have some experience of auditing, either directly as an auditor or from within the financial services sector seeking to develop a professional and best practice approach to the development of the internal audit function in private and public sector organisations and enterprises.

    Outcomes

      • Describe the expanded internal audit function
      • Promote the conduct of effective audits and reporting
      • Promote financial crime risk management in the organisation
      • Engage effectively with stakeholders
      • Ensure objectivity of the audit team
      • Implement enhanced internal audit structures

    COURSE TOPICS:

    Advanced AML Loadicator

    • What is “not” money laundering
    • What “is” money laundering
    • Offence 1: Concealment
    • Offence 2 Arrangements
    • Offence 3: Acquisition, use and possession
    • SAR Narrative Review – internal reporting
    • SAR lodging – external reporting

    Advanced ABC Loadicator

    • Tracing capital flight from developing countries
    • Sustainable development goals in practice
    • Illicit financial flows
    • UNCAC and beneficial ownership transparency
    • Beneficial ownership registries
    • Scanning and profiling legal entities and complex legal arrangements

    AML Tools

    • Tool 1: KYA (Know Your Assets)
    • Tool 2: KYB (Know Your Business)
    • Tool 3: KYC (Know Your Customer)
    • Tool 4: CDD (Customer Due Diligence)
    • Tool 5: EDD (Enhanced Due Diligence)
    • Tool 6: SDD (Simplified Due Diligence)

    Business Unit and Customer Profiling

    • Linking clients with transactions
    • How to regularly assess ML and TF risks: sources
    • Risk assessment and vulnerability of transactions
    • Fitting your FCC programme in the “holistic” risk-based approach – whose?
    • Evidenced-based decision making and targeting ML and TF risks faced by the host State and regional organisations
    • Transparency: internal standards and controls
    • SYSC: Single vs Several Operations – your suspicion matrix
    • Data Protection for businesses and the rise of the Data Protection Officer

    FCC Re-tooling

    • Risk assessments – why? which? and where from?
    • FATF, Basel AML Index and ESMA reloaded
    • Risk-based approach
    • Putting it all together in the SYSC context
    • Trade-based ML – misinvoicing and third-party risk management
    • Financial sanctions: EU, International, and U.S.
    • Proliferation financing





    What is Financial Compliance?

    Financial compliance refers to the set of rules, regulations, and standards that organisations must follow to ensure that their financial practices are legal, ethical, and transparent. This involves ensuring that financial transactions are properly recorded, reported and audited to reflect the organisation’s financial health.

    Organisations that fail to comply with financial regulations may face legal and financial consequences, such as fines, reputational damage, and legal liability. Examples of financial regulations that organisations may need to comply with include tax laws, anti-money laundering regulations, and consumer protection laws.

    Depending on the size of your organisation, financial compliance can involve developing specific policies and procedures to ensure compliance.

    Financial Compliance Training

    Due to the complex nature of financial compliance, it is essential that your team responsible for finances and compliance within your industry are well versed in best practices and procedures to follow. To ensure this is the case, sending your team on financial compliance training will ensure they have all the tools and knowledge they need to manage the financial compliance for your business.

    LCT’s Financial Compliance Course

    At LCT, we have over 25 years of experience working with international clients to deliver training solutions leading to positive professional development outcomes. We deliver high-quality, accessible, and innovative learning experiences that enable our clients to prosper from the opportunities and challenges of the 21st century, drive positive change and drive success.

    Our Financial Compliance Course is designed for individuals with prior experience in auditing within an organisation, either as an auditor directly or from within the financial sector. The prior knowledge will assist learners in their understanding of the advanced tools and techniques taught in this course.

    On completion of this course, learners have a deep understanding of money laundering, from common offences to tools required for your business, as well as risk assessments, and other advanced financial compliance strategies for your organisation.

    Register now for:
    Financial Compliance

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