Financial Crime - Bribery, Corruption and Money Laundering

Course Overview

Financial crime surrounds us all in the form of fraud, cybercrime, scam phone calls and email scams. The FCA requires all consumer credit firms to put in place systems and controls to reduce the risk that they may be exposed to in furthering financial crime. The FCA will look at measures that firms take to monitor, detect and prevent financial crime risk. The FCA is responsible for supervising how some consumer credit firms comply with the Money Laundering Regulations.

Learning Objectives:

The aims and objectives of this module:

• Understand what is meant by the term Bribery, Corruption and Money Laundering.
• What type of activities could be described as Bribery.
• Identify the 3 Stages involved in Money Laundering.
• What your responsibilities are if you suspect Bribery or Money Laundering has occurred in your firm.
• Understand the consequences for yourself and firm of not complying with the regulations.
• Be aware of the systems and procedures firms must have in place to help prevent Bribery, Corruption or Money Laundering.
• Understand the 3 reasons where you could be liable under the Money Laundering regulations.