Critical Thinking in Anti-Financial Crime
Purpose of Programme
● Gain an understanding of financial crime and the importance of critical thinking in tackling it.
● Understand what compliance officers think about and look for when it comes to risk mitigation and choosing solutions.
● Understand the principles of a risk-based approach, due diligence measures, screening, ongoing monitoring and key regulatory considerations.
Module 1: Financial Crime Overview
● Fraud, Money Laundering, Bribery & Corruption, Sanctions Evasion, Tax Evasion, Terrorist Fundraising, Maket Manipulation, Proliferation
Module 2: Regulatory Landscape
● Global Framework
● Singapore Framework
● Best Practice
Module 3: Risk Based Approach
● Enterprise Wide Risk Assessment
● Risk Appetite
● Diversity and Inclusion
Module 4: Principles of CDD and EDD
● Customer Risk Assessment
● Customer Due Diligence
● Enhanced Due Diligence
Module 5: Principles of Screening
● Sanctions Screening
● Politically Exposed Person Screening
● Adverse Media Screening
Module 6: Principles of Ongoing Monitoring
● Ongoing Monitoring Requirements
● Monitoring and Reporting Regulations
Module 7: Critical Thinking
● Defining Critical Thinking
● Critical Thinking Life Cycle
● Critical Thinking and Investigations
● Flawed Thinking
● Why Critical Thinking is Important
● Critical Thinking Case Study
● Tips and Takeaways
Learning Objectives and Outcomes
● Understand the different financial crime types including money laundering, terrorist financing, fraud, bribery and corruption, sanctions evasion and market manipulation and the impact they can have.
● Understand where Critical Thinking fits into the anti-financial crime landscape and how it can help manage risk and meet regulatory expectations.
● Understand what a risk based approach is.
● Understand the principles of a risk based approach, screening, due diligence and ongoing monitoring.
● Define and explain what critical thinking is, why it is important in AFC and how to apply it for AFC professionals.
● Understand the diversity and inclusion principles and how these can apply to AFC frameworks.
● 26 October 2022
● S$488 per pax
About the Trainer
Sara Abbasi, Senior Consultant, FINTRAIL
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.