Course curriculum

  • 1. The Impact of Financial Crime

    • 1.1 What is a Financial Crime?

    • 1.2 Impact on Trust and Reputation

    • 1.3 A Growing Concern

    • 1.4 Shortage of Financial Crime Fighters

    • 1.5 De-Risk

  • 2. Types of Financial Crime

    • 2.1 Costs Associated with Financial Crime

    • 2.2 Frauds and Tax Fraud

    • 2.3 Insider Trading

    • 2.4 Money Laundering

    • 2.5 Pressure on Financial Institutions

  • 3. Types of Financial Fraud in Capital Markets

    • 3.1 Capital Markets Fraud

    • 3.2 Common Investment Fraud Schemes

    • 3.3 Ponzi Schemes

    • 3.4 Pyramid Schemes

    • 3.5 Prime Bank Investment Fraud

    • 3.6 Advance Fee Fraud

    • 3.7 Promissory Notes

    • 3.8 Commodities Fraud

    • 3.9 Market Manipulation (a.k.a. Pump-and-Dumps)

    • 3.10 Broker Embezzlement

  • 4. Consequences of Acquiring Benefits from Financial Crime

    • 4.1 Five Basic Money Laundering Offences

    • 4.2 News Article 1: “Ex-Banker Pays $435k Penalty for Insider Trading”

    • 4.3 News Article 2: “Carlyle Group Fires Indonesia-Based Dealmaker for Insider Trading”

    • 4.4 Learning Points

    • 4.5 Reputations at Stake

  • 5. Preventing and Reporting Financial Crime

    • 5.1 Challenges to Preventing or Detecting Financial Crime

    • 5.2 Managing Risk Effectively

    • 5.3 Assessing Financial Crime Risk Across all Departments

    • 5.4 Conducting Regular Reviews and Checks

    • 5.5 Developing Comprehensive Training and Assessment Programme

    • 5.6 Being Responsive in a Changing Environment

    • 5.7 Summary: Mitigating with a Proactive Approach

  • 6. Assessment

    • Instructions

    • Questions