Understanding Financial Crime

Explore the elements of financial crime, the motivations of those committing financial crime, and the risks brought by it through an analysis of fraudsters' behaviour and common signs. The course aims to provide a clear understanding of what financial crime entails by breaking down different financial crimes such as money laundering, insider dealing, market abuse, and various types of fraud. It goes beyond simply defining these terms but delves into the mechanics of these illegal activities and their impact on the financial sector. One of the key objectives of this course is to explain the motives behind financial crime. By understanding why these crimes are committed, you will be better equipped to identify potential risks and implement preventative measures. The course also details the common behavioural characteristics of fraudsters, giving you an insight into the mindset of those who commit these crimes and the practical knowledge to identify some common warning signs of potentially fraudulent activities. This course is ideal for professionals working in or aspiring to work in areas where financial crime prevention is important to their role. Such areas include compliance roles, risk functions, those with fraud prevention responsibilities and regulatory representatives. While it offers valuable insights for all professionals, it is best suited for individuals early in their careers.

• Grasp what is meant by financial crime
• Know the different components of financial crime
• Understand what money laundering, insider dealing and market abuse are
• Provide an overview of the different types of fraud
• Explain the motives for committing financial crime
• Detail the common behaviour characteristics of fraudsters
• Identify some common warning signs of potentially fraudulent activities