Anti-Financial Crime for Banking as a Service (BaaS)

RHT Academy

Anti-Financial Crime for Banking as a Service (BaaS)

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Purpose of Programme

Gain an understanding of key financial crime risks and how Banking as a Service (BaaS) products are exposed to these risks.
Understand how banking partner relationships work in practice.
Understand the principles of a risk based approach, due diligence measures, screening, ongoing monitoring and key regulatory considerations for electronic ID&V.

Course Outline

Module 1: Financial Crime Overview

Financial crime types including:
Money laundering
Terrorist financing
Tax evasion
Market manipulation

Module 2: Regulatory Landscape

Important guidelines
Industry best practice

Module 3: Vulnerabilities and Risks

Overview of Baas model
Role of ‘agents’
Risks and red flags

Module 4: Establishing your AFC Framework as a Banking Partner

Risk Based Approach
Overview of the different risks

Module 5: Control Frameworks

Roles and responsibilities
Risk appetite
Governance and Management Information
Different types of controls include:

Transaction Monitoring

Suspicion and Suspicious Transaction Reporting

Learning Objectives and Outcomes

Understand the different financial crime types including money laundering, terrorist financing, fraud, bribery and corruption, sanctions evasion, market manipulation and cybercrime and what impact they may have on your business
Understand the different financial crime types including money laundering, terrorist financing, fraud, bribery and corruption, sanctions evasion, market manipulation and cybercrime and what impact they may have on banking partners and their customers.
Understand the various risks and vulnerabilities specific to BaaS products and banking partner relationships.
Understand where Banking as a Service fits into the anti-financial crime landscape and how they can help their customers manage risk and meet regulatory expectations.
Understand what a risk based approach is and how Banking as a Service customers apply this.
Understand how the financial crime control framework looks like and is applied in banking partner relationships.

Course Dates

21 September 2022

Course Fee

S$750 per pax

About the Trainer

Sara Abbasi

Sara has over 6 years experience working in FCC roles across a range of financial products including FX and payments, Private Banking, Corporate and Investment Banking (ex Credit Suisse, CurrencyCloud). She is also experienced in Financial Crime Operations, Transaction Monitoring, SAR reporting and Anti-Money Laundering investigations. Sara has over 3 years experience training range of financial services businesses on antifinancial crime (AFC) training and agile project delivery. She has worked with a range of financial institutions designing AFC frameworks for emerging products, testing and implementation of third party AFC solutions, and conducting audits on financial crime control frameworks. She is a graduate of BA War Studies; combines an academic background in geopolitics with professional experience in financial crime compliance.

Andy Morrison

Andy is a former financial investigator and financial crime analyst for City of London Police and has over twelve years’ experience working at the forefront of intelligence led policing, the last seven of which he has specialised in complex fraud and money laundering investigations. Andy has led multiple, successful investigations including into an international crime group engaged in transnational money laundering and an employee engaged in insider fraud at a large multinational corporation. He has significant experience advising financial institutions on counter fraud techniques, SARs best practice and working with financial intelligence and has previously represented City of London Police at The Hague.

Relevant experience

Since joining FINTRAIL, Andy has worked on a number of engagements, including:

Developing a tailored AML/CFT framework for a firm looking to bring a new product to market.
Conducting in-depth market research on behalf of an investment firm looking to expand their portfolio.
Involved in a number of AML/CTF and sanctions health checks, audits, and design programs.
Has created and delivered, both in person and over vc, a number of bespoke anti-financial crime training packages covering topics such as identifying suspicious behaviour, Suspicious Activity Report (SAR) writing and process refinement, and PEP and Sanction alert clearance.

As an operational investigator and financial crime analyst, Andy also has experience of:

Conducting criminal investigations and analysing financial data to an evidential standard.
Presenting evidence in Court.
Working with law enforcement and regulatory agencies from across the globe

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Date And Time

2022 Sep 21

Registration End Date

2022 Sep 20


Online Event

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