• Course
    Preventing, Detecting and Investigating Financial Crime (1911FC)
  • Dates
  • Venue
  • Course Fees (excl. VAT)
  • CPD Credits

Total Price:

Download PDF
Get this course in-house
Or call 0203 178 4230
or email info@fstp.co.uk today.


Course Overview

Recognise the red flags and stay on the right side of the law
Financial crime is one of the greatest challenges the global financial services industry faces and even more so now since the impact of Covid19. Money laundering, terrorist financing and bribery scandals have lead the FCA to ramp up its efforts to fight financial crime and protect the integrity of markets.
Multi-million pound fines have been issued to organisations, lengthy jail sentences dished out to rogue employees, and serious financial losses incurred. The repercussions of failure to detect financial crime are serious and the whole industry is vulnerable – especially now.
Let’s not forget that there are real victims of financial crime – it’s not just financial institutions that lose out. The victims of terrorist activity are obvious – simply being in the wrong place at the wrong time.  But we are all victims, too, of money laundering by having to stump up extra tax to make up the shortfall created by the criminals not paying due taxes on the proceeds of their crimes.
The FCA wants to work together to make it harder for criminals to exploit your business and your clients. Naivety is not a defence - Firms can’t say they didn’t know suspicious activity was taking place. The market watchdog expects your company to recognise the red flags as part of your governance framework.
Led by an expert in financial crime prevention, this interactive online course will open your eyes to this very real threat. You’ll learn to take a more proactive approach to financial crime, and make sure your workforce is on high alert.


  • Get to grips with the latest crime prevention regulation (national and international)
  • Recognise (and react to) the warning signs of financial crime
  • Understand how financial crime can affect your firm’s strategy
  • Implement early detection mechanisms and risk controls
  • Learn how to protect customer relationships
  • Mitigate the threat of financial crime

Make the prevention and detection of financial crime a key part of your business and motivate your staff to play their part in protecting the integrity of your firm. Realise that having good processes in place to prevent financial crime is actually not compliance-driven but represents excellent customer service. As one of the world’s biggest banks says: “We only want to do business with people we know and trust.”

The Course Agenda

Module 1

Understanding money laundering

  • What is money laundering?
  • What does the international community need to prevent money laundering?
  • Identifying the real victims of financial crime
  • Predicate offences: who/what creates the money to be laundered?
  • An outline of the products and services used by money launderers

What is terrorist financing?

  • An overview
  • How does the prevention of terrorist financing reduce the potential number of victims of terrorism?

Financial crime: the response of international communities

  • The Financial Action Task Force and its 40 recommendations
  • Understanding UK legislation (including personal responsibility in the Proceeds of Crime Act 2002)
  • US foreign policy and the Office of Foreign Asset Control (OFAC)
  • An introduction to international sanctions

Establishing compliance strategies - Part 1

  • Internal controls, policies and procedures
  • The role of the FCA in establishing controls

Module 2

Establishing compliance strategies - Part 2

  • Understanding client due diligence requirements including Identify & Verify (ID&V), Know Your Customer (KYC) and Enhanced Due Diligence (EDD)
  • Opening and managing PEP relationships and the latest views within the finance industry of what actually constitutes a PEP

Recognising and reporting suspicious transactions

  • ‘Knowledge’ and ‘suspicion’: the official definitions
  • How to differentiate between unusual and suspicious activity
  • Identifying red flags
  • An overview of the escalation and reporting process
  • Post reporting: managing the client relationship
  • Recognising which of your clients are more likely to be involved in financial crime

Bribery and corruption

  • The UK’s Anti-Bribery and Corruption Act 2010
  • Understanding the reach, offences and penalties
  • The potential protections against bribery and corruption

Identifying other financial crimes

  • The different types of fraud: prevention and detection
  • Identity theft
  • Phishing
Download PDF
Get this course in-house

Or call 0203 178 4230 or email info@fstp.co.uk today.

Interested, but not ready to book?

Sign up to our mailing list and we’ll keep you updated on our latest courses.

You can unsubscribe at any time. Your email will not be shared or sold to any third party. Please visit our privacy policy for more information.

Meet The Tutor

Martin Allen
Martin Allen
[Read about...]

Who is this course for?

This practical and intensive one-day course has been designed for:

  • Senior leaders
  • Risk and compliance managers
  • Staff handling financial transactions
  • Employees managing client funds


'This training helped me understand better how to approach vulnerability and will be useful to design training courses internally.'

Head of Personal Loans
Finance and Leasing Firm

Training that makes a difference

Experienced engaging trainers

With first hand industry knowledge and an intimate understanding of the regulatory environment, we always guide you with an expert (and friendly) hand.

Packed with relevant information

We know you’re busy, so we’re careful not to waste a minute of your time. Our training courses are fast paced, insightful and filled with valuable information.

Get personalised attention

Sessions are practical workshops not PowerPoint lectures. All courses are limited to no more than 14 attendees, so we’re able to explain concepts in the context of your business.

Select your voucher...

Buy Voucher