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Financial Crime Risk Management

Self-paced. Available any time. Endorsed Certificate. Get started today!

European Institute of Management and Finance


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£45 inc VAT (was £95)
Offer ends 31 October 2021
Study method
Online, self-paced
3 hours
Access to content
90 days
No formal qualification
3 CPD hours / points

9 students purchased this course

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Financial crime is a well-known and widespread problem that impacts brand value and reputation, goodwill, and revenue of many organizations. In addition to the risk of losses from financial crime itself, companies also face spiraling costs in related areas.


3 CPD hours / points
Accredited by The CPD Standards Office


Of the many vulnerabilities and threats to the financial services sector, financial crime risk has emerged as a pervasive, yet widely misunderstood category of risk. As consumers, governments, and the financial industry have gained familiarity with various forms of financial crime, financial services organizations have seen that the underlying risk of financial crimes not only includes the direct action taken by criminals, but also includes the impact of deterrence, detection, and resolution on the organization and its customers.

Financial services organizations have the difficult task of effectively identifying the greatest risks to themselves and to their customers, protecting both parties against unnecessary risks and satisfying regulatory requirements for greater transparency, awareness, and consolidation of information across the organization.

This interactive and engaging programme aims to help participants understand the financial crime regulatory framework; and develop a comprehension on the management of financial crime risks.

Part 1: Money Laundering, Terrorist Financing and the Standards Required of Firms

  • The Concept of Money Laundering and Terrorist Financing
  • Stages of Money Laundering
  • Role of International Agencies
  • Predicate Offences in Financial Crime
  • Financial Firms and Crime
  • Misstatement of Financial Circumstances
  • Tax Evasion and Tax Avoidance
  • Dual Criminality, Extradition and Mutual Legal Assistance

Part 2: Practical Implications

  • Impact of Financial Crime on Firms
  • Direct Impacts of Financial Crime
  • Firms’ Responsibilities for Financial Crime Prevention
  • Anti-Money Laundering (AML)
  • Combating Financial Crime (CFC)
  • Identifying Money Laundering
  • Prevention of Money Laundering
  • Sanctions Checking and Politically Exposed Persons (PEPs)
  • Part 3: Policies, Procedures and Controls Required of Firms
  • The Risks Posed to a Firm
  • Understanding the Controls
  • Effective Training
  • Effective Suspicious Activity or Transaction Reporting

Who is this course for?

This course is ideal for anyone wishing to know more about Financial Crime Risk Management, and the regulatory requirements for investment firms, insurance and banking institutions. It is also suitable to professionals pursuing regulatory CPD in Financial Regulation such as the FCA. It will be particularly suitable to:

  • Compliance professionals
  • Consultants
  • Corporate executives (including CEOs and CFOs)
  • Risk executives
  • Directors
  • MLROs

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What does study method mean?

Study method describes the format in which the course will be delivered. At courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.